Rail Budget 2011| Mamata focuses on “common people”3 min read . Updated: 25 Feb 2011, 02:17 PM IST
Rail Budget 2011| Mamata focuses on “common people”
New Delhi: For the third successive year, the Railway Budget for 2011-12 spared the passengers of any increase in fares and proposed no hike in freight rates while introducing 56 new trains, including nine non-stop Duronto trains and three Shatabdis.
Presenting her third budget in UPA-II in the Lok Sabha, Railway Minister Mamata Banerjee announced a slew of concessions including reducing the eligibility age of senior women citizens from 60 to 58 years and the fare concession for men above 60 from 30 to 40 per cent.
Apparently with an eye on the coming assembly polls in West Bengal, where she is projected as the chief minister candidate of Congress Trinamool combine, she came out with a number of projects for the state, including a metro coach factory in Singur, Rail Industrial Park in Jelligham, an integrated suburban network for Kolkata and 34 new services for the Kolkata metro.
Her announcements for the state evoked protests from members including those from Bihar, UP and Kerala, but she appealed to them to be patient for her other announcements.
The Minister also extended the concession for physically- challenged persons and Kirti and Shaurya Chakra awardees to travel in Rajdhani and Shatabdi trains, besides extending facility of card passes to parents of unmarried posthumous Paramvir Chakra and Ashok Chakra gallantry award winners. She also proposed to induct 16,000 ex-servicemen in the Railways by March.
“We have taken a two-point approach," Banerjee told parliament.
“On the one hand by sustainable, efficient and rapidly growing Indian Railways, and on the other, by an acute sense of social responsibility towards the common people of this nation."
“We have attempted to combine a strong economic focus ... with a human face," she added.
The budget proposes the highest-ever plan outlay of ₹ 57,630 crore for 2011-12. The gross budgetary support has been projected at ₹ 20,000 crore, diesel cess ₹ 1,041 crore, internal resources ₹ 14,219 crore and market borrowing at ₹ 20,954 crore.
The budget estimates for 2011-12 projects a freight loading of 993 million tonne and a passenger growth of 6.4%.
Gross traffic receipts has been estimated at ₹ 1,06,239 crore, exceeding the ₹ 1 trillion mark for the first time, despite pressure on finances on account of Pay Commission payout.
Ordinary working expenses have been assessed at ₹ 73,650 crore and appropriation to depreciation reserve fund pegged at ₹ 7,000 crore.
Provision of ₹ 6,735 crore has been made for dividend payment and the excess for Railways for the new fiscal has been projected at ₹ 5,258 crore, with an operating ratio of 98.1 per cent.
On the financial performance for the current year, the budget disclosed that disruption of train movement resulted in a loss of ₹ 1,500 crore and ₹ 2,000 crore due to the ban on export of iron ore.
Loading target was reduced by 20 million tonne (MT) to 924 MT. Gross traffic receipts have been fixed at ₹ 94,840 crore, which is higher by ₹ 75 crore over budget estimates.
The ordinary working expenses has been fixed at ₹ 67,000 crore, an increase of ₹ 2,000 crore over BE and the current dividend liability to be fully discharged.
The next year’s budget provides ₹ 9,583 crore for new lines. A target of 1,300 kms of new lines, 867 kms of doubling of lines and 1,017 kms of guage conversion has been targeted in the new fiscal.
The new Duronto expresses will run between Allahabad- Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad- Vishakhapatnam, Madurai-Chennai, Chennai-Thiruvananthapuram, Mumbai Central-New Delhi, Nizamuddin-Ajmer and Shalimar-Patna.
Air-conditioned double-decker services are proposed to be introduced on Jaipur-Delhi and Ahmedabad-Mumbai routes. The three new Shatabdi services will run between Pune- Secunderabad, Jaipur-Agra and Ludhiana-Delhi.
The Minister announced the introduction on pilot basis of a pan-India, multi-purpose ‘Go India´ smart card, which would be a single-window package for passengers for seamless payment for tickets for long distances, suburban, metro journeys.