Tuesday, February 26, 2013

Railway Budget 2013 : Live Updates and News

railway budget 2013 live news and updates
Route stocks are changing jumbled as line pastor Pawan Kumar Bansal presents the Railway Budget to the Parliament. Titagarh Wagons is down 1.20 percent, Texmaco Rail is down 2.35% and Kalindee Rail is down 2.14 percent. 
Following are the important highlights of Rail Budget 2013:
  • Online reservations time may be extended
  • 12th Plan railway size to be Rs5.19 lakh crore, with gross budgetary support of Rs1.94 lakh crore.
  • 104 stations identified for added amenities.
  • Rs1 lakh crore to be raised from public-private partnership, Rs1.05 lakh crore through internal resources in the 12th Plan
  • Corporate Safety Plan to be prepared for ten-year period
  • Proposed 179 escalators and more wheelchair
  • Railways to set up six more Rail Neer bottling plants: Bansal.
  • India joins China, Russia and the US as 1 billion-plus tonne freight carrier on Railways.
  • Plan executive lounges in Bilaspur and Nagpur, says Railway minister
  • Freight traffic is the mainstay of income for Railways
  • Committed to green energy initiatives, says Railway minister.
  • Railways plans 75MW wind power generation.
  • Seek states cooperation to increase PPP projects.
  • Bansal: Railways to target Rs1 lakhs crore of PPP projects in 12th Plan
  • PK Bansal: Smoke and fire detection system envisaged and fire extinguishers to be kept in guard vans.
  • Rs4000 crore envisaged for Coal mine connectivity projects, says Railway minister.
  • SMS alert service being rolled out shortly to intimate passengers about reservation status.
  • Railways plan Rs2000 crores fund for land and station development
  • To award 1500 km of freight corridor projects in next fiscal.
  • To transport 1 billion tones, up 38 million tones of freight in FY13, says Railway minister
  • Internet booking of railway tickets to be provided from 0030 hours to 2330 hours.
  • Will observe austerity measures in Railways.
  • A total of Rs9000 crore envisaged for port mine connectivity projects.
  • Allocation of Rs1,000 crore each made for railway land development authority and railway station development authority
  • Railway Budget 2013: To fill up 1.52 lakh vacancies this year.
  • Next generation e-ticketing system by end of this year
  • Have spent Rs100 crores on upgrading 3 Delhi stations
  • Bansal: Resource constraint can't be an excuse for sub standard services.
  • Aadhar can be beneficial for Railways
  • Plan for free wi-fi on trains.
  • Growth of Railways is inextricably linked with the growth of the overall country.
  • Railways must remain financially sustainable for its users.
  • Railway plays an important role in the growth of the nation
  • Scarcity of resources is a challenge being faced by Railways
  • Targets need to be much higher for railways: Pawan Kumar Bansal
  • Railway passengers deserve a safe and comfortable journey: Pawan Kumar Bansal.
  • 11th plan fell short of targets for doubling.
  • Reduction in number of train accidents
  • Raising Rs95000 crore in the next 4 years needs a paradigm shift
  • Safety fund provisioning is inadequate.
  • Railways trying to achieve the goal of zero accidents.
  • Bansal hints a huge step up in investment in automatic signalling to make rail travel safe for passengers
  • Railways to borrow Rs 1 lakh crore from the market during the 12 th Plan
  • Railway minister re-iterates concerns raised by Sam Pitroda panel on modernisation and Kakodar panel on safety
  • Freight rates cross subsidise passenger fares, so Railways are unable to generate internal resources.:
  • Plan to launch corporate safety plan for 10 years from 2014
  • Committed to bring a marked change in Railway amenities
  • Railways faced steep hike in input costs.
  • 11th plan fell short of targets for doubling.
  • Railway passengers deserve a safe and comfortable journey: Pawan Kumar Bansal.
  • Losses of railways estimated at 24600 crores for 2012-13.
  • 12th Plan Market borrowing at 1,20 lakh crores.
  • 12th plan budgetary allocation at Rs5.19 lakh crore.
  • Need paradigm shift in tariff and freight policy.
  • Reduction in number of train accidents, says Bansal.
  • Raising Rs95000 crore in the next 4 years needs a paradigm shift: Safety fund provisioning is inadequate, says Railway minister.
Source : Sharekhan

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