Skip to main content

Railway Budget at a Glance

Freight traffic crosses target of 785 million tonnes; to touch 790 million tonnes.
Railway Plan size increased from Rs 11,000 crore to Rs 30,000 crore in the last four years.
Posts profit of Rs 25,000 cr in 2007-08.
560 railway station platforms to be lengthened to take long trains.
Middle-level and low-level platforms to be upgraded to high-level platforms in several stations to help commuters.
Doubling of lines to be given priority.
Professional agencies being involved on a pilot basis to ensure cleanliness in running trains.
Second-class Sleeper fares cut by 5%.
AC-1 fare cut by 7%.
AC-2 fare cut by 4%.
AC-3 fare cut by 3%.
Freight on petrol, diesel cut by 5%
Work on automatic signalling to start in new sections.
Smartcard-based ticketing system planned.
Electrification of more routes in North India.
Foot overbridge along high level platforms.
Talks on with foreign cos for new wagon designs.
High level platforms in 135 stations.
Housekeeping in Shatabdis to be outsourced.
Lifts and escalators in 50 stations.
Modular toilets to be introduced in trains.
Rajdhanis, Shatabdis to get modernised coaches.
Touch screens, colour TVs across all major stations.
6,000 automatic ticket sale machines in 2 years.
By 2010 all coaches to be in stainless steel.
Rlys to use call centres for reservations.
16,548 old rail tracks to be renewed.
Ticket confirmation via mobiles likely.
Pvt cos can make terminals on Rly land.
All un-manned crossings to be manned.
Metal detectors, baggage scan at key stations.
Display boards to be set up across stations for convenience of passengers.
'Go Mumbai' tickets to be sold at bus depots.
Delhi-JNPT-NavaSheva western freight corridor cleared.
Multi-level parking at 30 major stations.
Free Rajdhani, Shatabdi travel for Ashok Chakra winners.
New Delhi, Mumbai, Pune to be made world-class stations.
50% concessions for AIDS patients.
Free season tickets for girls till graduation.
Rlys to issue wait-listed e-tickets.
50% concession for senior women citizen.
Arrival time to be printed on tickets.
To link trains via IT, communications in 2009.
10 new Garib Raths, 53 new trains to be introduced.
Amravati-Mumbai Express to run twice a week.
Khajuraho-Delhi to run thrice a week.
Chennai-Salem to have daily frequency
Kurla-Howrah to have twice a week frequency.
Considering a rail link for Ennore port.
To have new wagon leasing policy.
BBU-NDLS Rajdhani thrice a week.
Expanding use of automated signalling system.
Special train between Delhi and Pune for Commonwealth Games.

Comments

Popular posts from this blog

Stock Market says Merry Christmas to Investors

Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.

News - Economy

Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70

IIP records negative growth of 0.4% in Oct

T he country's industrial output shrunk for the first time in many years to a record a negative growth of 0.4 per cent in October, stifled by manufacturing sector -- for rescuing which the government announced a stimulus package earlier this mo nth. Output had grown by 5.45 per cent in September, and 12.2 per cent in October, 2007. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago. Manufacturing sector, which accounts for 80 per cent of the index, declined to 1.2 per cent from 13.8 per cent in the year-ago period. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty. Electricity sector grew by 4.4 per cent during the month, bettering 4.2 per cent output of the year-ago period, while mining sector grew by a slower 2.8 per cent against 5.1 per cent in the previous year's comparable period