Easy Office

Synopsis of Rail Budget 2013

CA Nitesh Kumar More , Last updated: 27 February 2013  

Synopsis Of Rail Budget - 2013 Has Been Covered Into The Following Four Sections

A. Rail Budget About Losses, Gross Revenue Etc

1. Losses From Railways Is Estimated At Rs 24,600 Crore For 2012-2013.

2.  Railways Gross Traffic Receipts Fixed At Rs 1,25,680 Cr In Re, Short By Rs 6,872 Cr Over Budget Estimates. Budget Estimates of 2013-14 for Gross Traffic Receipts kept at Rs 1,43,742 crores i.e. an increase of Rs 18,062 crores over Revised Estimates of 2012-13.

3.  Ordinary Working Expenses Retained At Be Level Of Rs 84,400 Cr; Pension Payments Increased By Rs 1,500 Cr To Rs 20,000 Cr

4. 'Excess' Of Rs 10,409 Cr As Against The Budget Amount Of Rs 15,557 Cr

5. Operating Ratio Of 88.8% As Compared To 94.9% In 2011-12

6. Aim For A Operating Ratio Of 87.8% In FY14

7.  Rs 3,000 Crore Loan From Finance Ministry Re-Paid With Interest By Railways This Financial Year

8.  Freight Income Expected At For FY 13 Target Rs 89976 Crores, Says Railway Minister

9. Railways' Fuel Bill Up Rs 3300 Crore, Plus Higher Electricity Charges

10. Railways' Freight Loading Traffic Scaled Down By 100 Million Tonnes From 1025 Million Tonnes Because Of Economic Slowdown

11. Railways To Set Up A Debt Service Fund

12. Fuel Component Of Freight Tariff Will Be Dynamic

13.  Freight Earning To Grow By 9 Per Cent To Rs 93,554 Crore

14.  5.2 Per Cent Growth In Passenger Traffic Expected In 2013-14

15.  Freight Target Fixed At 1,047 Mt For 2013-14, 40 Mt Over The Current Year

16.  Railway Hopes To End 2013-14 With A Balance Of Rs 12,506 Crore

17.  Planned Investment Of Rs 63,363 Crore For 2013-14, Including Rs 600 Crore From Ppp Route

18.  Resource Constraint Can't Be An Excuse For Sub Standard Services

19.  Have Spent Rs 100 Crores On Upgrading 3 Delhi Stations

20.  12th Plan Railway Size To Be Rs 5.19 Lakh Crore, With Gross Budgetary Support Of Rs 1.94 Lakh Crore.

21. Rs One Lakh Crore To Be Raised From Public-Private Partnership, Rs 1.05 Lakh Crore Through Internal Resources In The 12th Plan, Says Railway Minister

22.  Railways Will Leverage On India's Prowess In Information Technology. Makes Eminent Sense As It Will Improve Passenger And Freight Services

23.  Railways Will Haul 1007 Million Tonnes Of Freight, 38 Million Tonnes More Than Last Year

24.  Freight Traffic Is The Mainstay Of Income For Railways, Says Railway Minister

25. 12th Plan Market Borrowing At 1,20 Lakh Crores

B. Rail Budget About Passenger Fare, Tatkal Charges, Cancellation & Reservation Charges

1. Tatkal Charges for Sleeper Class Raised By Rs 15 to Rs 25 and For Ac Chair Car from Rs 25 to Rs 50. Tatkal Charges in Ac-3 Tier Increased By Rs 50; Ac-2 Tier and Executive Class by Rs 100.

2.  Cancellation Charges Increased For All Classes Between Rs 5 And Rs 50. No Increase in Parcel and Luggage Rates.

3.  Reservation Fee For Ac First And Executive Classes Rose To Rs 60 From Rs 35 And That Of First Class And Ac-2 Doubled To Rs 50. Reservation Fee For Ac Chair Car, Ac-3 Economy And Ac-3 Tier Increased To Rs 40 From Rs 25. Supplementary Charges for Superfast Trains Rose between Rs 5 and Rs 25.

4. Supplementary Charges For Super Fast Trains, Reservation Fee, Clerkage Charge, Cancellation Charge And Tatkal Charge Marginally Increased

5.  No Hike in Basic Passenger Fares; Reservation Charges, Tatkal Fee Raised. Across The Board Hike in Freight Charges by an Average of About 5.8%.

6.  Dynamic Fuel Prices May Raise Freight Prices By 5%

7.  Freight Earning To Grow By 9 Per Cent To Rs 93,554 Crore

C. Rail Budget About New Trains, New Projects And New Services

1.  Introduction Of Executive Lounge At 7 More Stations: Bilaspur, Visakhapatnam, Patna, Agra, Nagpur, Jaipur And Bengaluru

2.  ‘Azadi Express’ To Connect Places Associated With Freedom Movement

3.  72 Additional Services To Be Introduced In Mumbai And 18 In Kolkata

4.  500 Km New Lines, 750 Km Doubling, 450 Km Gauge Conversion Targeted In 2013-14

5.  500-Km New Lines To Be Completed In 2013-14

6.  Next Gen E-Ticketing System To Be Rolled Out; Will Handle 7200 Tickets/Minute As Of 2000 Now

7.  Project Of Sms Alerts To Passengers Providing Updates On Reservation Status

8.  Internet Ticketing From 00:30 Hours To 23:30 Hours

9.  Fuel Adjustment Component Linked Revision For Freight Tariff To Be Implemented From April 01, 2013

10.  First Ac Emu Rake To Be Introduced On Mumbai Suburban Network In 2013-14

11. Upgrading Another 60 Stations As Adarsh Stations In Addition To 980 Already Selected

12.  8-10 More Mechanized Laundries For Quality Washing Of Linen

13. Setting Up Of Six More Rail Neer Bottling Plants At Vijayawada, Nagpur, Lalitpur, Bilaspur, Jaipur And Ahmedabad

14.  A New Forged Wheel Factory Will Be Set Up At Rae Bareli In Collaboration With Rashtriya Ispat Nigam Limited

15. A Greenfield Mainline Electrical Multiple Units (Memu) Manufacturing Facility Will Be Set Up At Bhilwara (Rajasthan) In Collaboration With State Government And Bhel

16.  Railways To Set Up A Coach Manufacturing Unit In Sonepat District (Haryana) In Collaboration With State Government

17.  Railways To Set Up A Midlife Rehabilitation Workshop At Kurnool (Andhra Pradesh) In Collaboration With The State Government

18. Bikaner And Pratapgarh Workshops To Undertake Poh Of Bg Wagons

19.  Railways To Set Up A Workshop For Repair And Rehabilitation Of Motorized Bogies At Misrod (Madhya Pradesh)

20.  Railways To Set Up A New Wagon Maintenance Workshop In Kalahandi (Odisha)

21.  Railways To Set Up A Modern Signaling Equipment Facility At Chandigarh Through Ppp Route

22.  New Coach Manufacturing And Maintenance Facilities To Be Set Up In Various Places Including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad And Pratapgarh.

23.  Plan To Launch Corporate Safety Plan For 10 Years From 2014, Says Railway Minister

24.  Committed To Bring A Marked Change In Railway Amenities

25.  Plan For Free Wi-Fi On Trains

26.  1800-111-310 Toll Free For Suggestions And Complaints

27.  Indian Railway Institute For Financial Management To Be Set Up At Secunderabad To Train Rail Officers On A Regular Basis.

28.  Railway Energy Management Company To Be Set Up To Harness Solar And Wind Energy

29.  Proposed 179 Escalators And More Wheelchairs, Says Railway Minister

30.  104 Stations Identified For Added Amenities, Says Railway Minister

31. Railways Created 4 Companies Of Rpf Personnel For Women

32. Bansal Announces Luxury Coaches

33.  Plan Executive Lounges In Bilaspur And Nagpur, Says Railway Minister

34.  Railway Minister Re-Iterates Concerns Raised By Sam Pitroda Panel On Modernisation And Kakodar Panel On Safety

35.  Frequency Of 24 Trains To Be Increased, And Run Of 57 Trains To Be Extended

36.  Railway Budget 2013: 26 New Passenger Trains Announced -

The New Trains Are:

a.  Bathinda - Dhuri Passenger (Daily)

b.  Bikaner-Ratangarh Passenger (Daily)

c.  Bhavnagar - Palitana Passenger (Daily)

d.  Bhavnagar - Surendranagar Passenger (Daily)

e.  Bareilly - Lalkuan Passenger (Daily)

f.  Chhapra -Thawe Passenger (Daily)

g. Loharu - Sikar Passenger (Daily) After Gauge Conversion

h. Madgaon - Ratnagiri Passenger (Daily)

i. Marikuppam - Bangalore Passenger (Daily)

j. Muzaffarpur - Sitamarhi Passenger (Daily) Via Runnisaidpur

k. Nadiad - Modasa Passenger (6 Days A Week)

l. Nandyal - Kurnool Town Passenger (Daily)

m. New Amravati - Narkher Passenger (Daily)

n.  Punalur - Kollam Passenger (Daily)

o. Purna - Parli Vaijnath Passenger (Daily)

p. Palani-Tiruchendur Passenger (Daily)

q. Ratangarh - Sardarsahar Passenger (Daily) After Gauge Conversion

r. Samastipur- Banmankhi Passenger Via Saharsa, Madhepura (Daily) After Gauge Conversion

s.  Shoranur - Kozhikode Passenger (Daily)

t.  Surendranagar - Dharangdhara Passenger (Daily)

u.  Suratgarh - Anupgarh Passenger (Daily)

v.  Somnath - Rajkot Passenger (Daily)

x. Sitamarhi - Raxaul Passenger (Daily)

y.  Sriganganagar - Hanumangarh-Sadulpur Passenger (Daily) After Gauge Conversion

z. Talguppa - Shimoga Town Passenger (Daily)

z'. Thrisur-Guruvayur Passenger (Daily)

37.  Bansal Announces New Lines –

a. Bhupdeopur-Raigarh (Mand Colliery) (Through Ppp);

b. Gevra Road-Pendra Road (Through Ppp)

c.  Jaisalmer (Thiyat Hamira)-Sanu;

d.  Karaikal-Peralam;

e.  Rewari-Rohtak New Line Extension Up To Makrauli;

f.  Sultanpur To Kadipur;

g.  Thanjavur-Pattukkottai

h.  Bansal Proposed To Take Up 22 Projects Of New Lines And One Gauge Conversion

Project. These Include

1. Ajmer-Kota (Nasirabad-Jalindri),

2. Anandnagar-Ghugli Via Maharajganj,

3. Barwadih-Chirmiri,

4. Delhi-Sohna-Nuh-Firozpur

5. Jhirka-Alwar,

6. Dimapur - Tizit And

7.  Pushkar-Merta.

D. Rail Budget – Other Key Provisions

1. Dynamic Fuel Adjustment Component To Be Introduced On Freight Rates From April One, That Will Result In Less Than Five Per Cent Increase In Rates

2. 1.52 Lakh Vacancies Being Filled Up This Year; 47000 Of This Earmarked For Weaker Sections And Physically Challenged

3.  47,000 Vacancies For Weaker Sections And Physically Challenged To Be Filled Up Soon

4. Railways Will Hone Skills Of Finance And Accounts Officers

5. Awarded Sportspersons To Get Free First Class Travel

6. Concessional Travel For Sportspersons, Military Personnel Who Have Won Awards, New Rail Factories, Sops To Railway Employees

7. Looking At Potential Application Of Aadhar

8. Irctc Website To Be Revamped

9. Next Generation E-Ticketing System By End Of This Year

10. Online Reservations Time May Be Extended

11. Corporate Safety Plan To Be Prepared For Ten-Year Period

12. Growth Of Railways Is Inextricably Linked With The Growth Of The Overall Country

13.  Railways Must Remain Financially Sustainable For Its Users, Says Railway Minister

14. Railway Plays An Important Role In The Growth Of The Nation

15. Scarcity Of Resources Is A Challenge Being Faced By Railways

16. Targets Need To Be Much Higher For Railways: Pawan Kumar Bansal

17. Railway Passengers Deserve A Safe And Comfortable Journey: Pawan Kumar Bansal

18. 11th Plan Fell Short Of Targets For Doubling

19. Railways Faced Steep Hike In Input Costs

20. We Face Mounting Scarcity Of Resources, Says Pawan Bansal

21. Safety Fund Provisioning Is Inadequate, Says Railway Minister

22.  Reduction In Number Of Train Accidents, Says Bansal

23.  Need Paradigm Shift In Tariff And Freight Policy

24. Raising Rs 95000 Crore In The Next 4 Years Needs A Paradigm Shift

25. 12th Plan Budgetary Allocation At Rs 5.19 Lakh Crore

26. Railways Trying To Achieve The Goal Of Zero Accidents

27. Pawan Bansal Hints A Huge Step Up In Investment In Automatic Signalling To Make Rail Travel Safe For Passengers


Join CCI Pro

Published by

CA Nitesh Kumar More
(Chartered Accountant)
Category Others   Report



Related Articles