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Highlights
of interim Railway Budget, 2004-05 news |
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30 January 2004 |
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Financial
Performance in 2002-03
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Freight
loading at 518.74 million tonnes (mt.) surpassed revised
target of 515 mt.
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Besides
current dividend of Rs. 2665 cr, Rs.50 cr of deferred
dividend paid.
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Operating
ratio improved to 92.3 per cent as against budgeted
94.4 per cent.
Review
of Financial Performance in 2003-04
-
Freight
loading target enhanced to 550 mt.; number of passengers
likely to grow by around 3 percent over previous year.
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Ordinary
Working Expenses likely to be less by Rs.1,490 cr.
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Appropriation
to Pension Fund reduced by Rs.295 cr.; appropriation
to DRF increased by Rs 262 cr.
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Besides
current dividend of Rs.2,968 cr, Rs. 300 cr of deferred
dividend to be cleared.
-
Operating
ratio likely to improve to 92.6 per cent from the
budgeted 94.1 per cent.
-
Plan
outlay increased by Rs. 1,000 cr and fixed at Rs.
13,918 cr in R.E.
Budget
Estimates 2004-05
-
Expected
growth in freight traffic - 20 mt. and around 3 percent
in number of passengers.
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Gross
Traffic Receipts estimated at Rs 44,482 cr. i.e.,
Rs 1,877 cr over RE 2003-04.
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Ordinary
Working Expenses budgeted at Rs. 32,960 cr.
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Besides
current Dividend of Rs.3,305 cr, Rs. 300 cr of deferred
dividend to be cleared.
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Budgeted
Operating ratio 93.0 per cent.
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Plan
outlay fixed at Rs. 13,425 cr. consisting of Budgetary
support of Rs.4,544 cr., SRSF Rs. 2,795 cr, Rs. 401
cr from Central Road Fund, Internal resources of Rs.
2,635 cr and Market Borrowing of Rs.3,050 cr. Also
includes an outlay of Rs. 717 cr for Rail Vikas Nigam
Limited.
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Technology
Mission on Railway Safety 14 projects approved
as a joint effort between Ministry of Railways, Ministry
of HRD and industries.
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ACD
provisioning on 1,736 kilometres launched on 20th
January, 2004. ACD on remaining BG sections to be
provided in the next five years.
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SRSF
outlay for 2003-04 enhanced from Rs.2,311 cr. to Rs.2,351
cr. in R.E.
Progress
on Projects and New Trains
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Work
on all projects in full swing; Jammu-Udhampur to be
opened on 25-03-2004.
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Most
of the trains announced in Budget, 2003-04 as well
as 35 additional services including Jan Sadharan Express
introduced. Rest to be introduced shortly
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Unreserved
Ticketing System to be extended.
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A
pilot project of e-ticketing to be started
on select Shatabdi Express Trains.
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Train
reservations through mobile telephones to be introduced.
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Regular
incentive scheme announced for frequent Rajdhani,
Shatabdi and Jan Shatabdi travellers.
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Information
about delayed departure of Rajdhani, Shatabdi and
Jan Shatabdi trains to be made available through SMS
- pilot project announced.
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Tatkal
services to be extended.
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Execution
and completion of projects sanctioned on socio-economic
considerations, connecting remote and backward areas
to be speeded in the next five years through Remote
Area Rail Sampark Yojana with additional outlay
of Rs.20,000 cr.
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New
series of fast trains named as "Sampark Kranti
Express" to be introduced to connect states
to the national capital. Value added features - non-stop
run beyond the state, dedicated staff throughout the
run and public address system.
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First
of this series, viz., Karnataka Sampark Kranti
Express
from
Delhi (Nizamuddin) to Bangalore (Yashwantpur) is being
introduced on 8th February, 2004.
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17
other Sampark Kranti Express trains will cover
other states.
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