NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / India News / Railway budget: No passenger, freight fare hike
    Railway budget: No passenger, freight fare hike
    1/7
    India 2 min read

    Railway budget: No passenger, freight fare hike

    By Vijaya
    Feb 25, 2016
    03:44 pm
    Railway budget: No passenger, freight fare hike
    Credits

    The 2016-17 railway budget spared passengers and goods movement from any increase in tariffs. Unlike last year when he tweaked freight rates, Prabhu made no changes either in passenger fares or freight rates. The budget proposed to increase lower berth quota for senior citizens by 50%. It also proposed to introduce sub-quota of 33% for women under all reserved categories.

    2/7

    Suresh Prabhu presents railway budget

    Union railway minister Suresh Prabhu presented his second railway budget. He announced a plan to transform railways using a three-pronged approach: New revenues, new norms and new structure. New revenues: Need to rethink tariff hikes and come up with new sources of revenues. New norms: Each rupee spent will be re-examined for optimal productivity, zero-based budgeting. New structure: Revisit conventional ways of solving issues.

    3/7

    Numbers from Rail Budget

    Railways' operating ratio for FY17 will be 92% as against 90% in current year. Railways aim to hit revenues of Rs. 1.84 lakh crore during FY2016-17. Rs. 1.21 lakh crore will be spent on capital expenditure by railways during 2016-17, a 20 per cent hike in plan outlay over last year. Railways will save Rs. 8,720 crore in 2015-16 on fuel cost and power.

    4/7

    What is operating ratio?

    Operating ratio is an organization's operating expenses as a percentage of revenue. This means that if the Railways operating ratio is 90 per cent, railways will spend 90 paise for each rupee of revenue.

    5/7

    New trains announced during rail budget

    New super fast trains, Humsafar, Tejas and Uday were announced by the railway minister. Humsafar will be an air-conditioned train for budget passengers. Tejas is the future of train travel with 130 kmph speed and on-board WiFi services. Uday will be an overnight double decker service for busiest routes. There would also be "Antyodaya Express" and "Deen Dayal coaches" for the common man.

    6/7

    Locomotive factories as part of Make in India

    As a part of Make in India initiative, two new locomotive factories will be set up to add to the global supply chain at a cost of Rs.40,000 crore.

    7/7

    Bio toilets, cleaning on demand, and bar-coded tickets

    The budget proposes 17,000 bio toilets and additional toilets in 475 stations before close of this financial year. The cleaning of toilets can now be requested through SMS. Further, disabled-friendly toilets will be added in 11 Class-A stations. A "Saarthi seva" will be introduced to help the old and disabled at stations. Bar-coded tickets will be introduced at select stations on a pilot basis.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Next News Article

    Love India News?

    Subscribe to stay updated.

    India Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023