Indian Railway Budget 2016 Highlights – 50 Important Points To Know

Indian Railway Budget 2016 Highlights – Important Points To Know

Indian Railway Budget 2016 Highlights – Important Points To Know

Union Railways Minister Suresh Prabhu on Thursday presented his second Railway Budget in Parliament.

Here are some of the key points:Indian Railway Budget 2016 Highlights

To Download This File Click On The Download- Download Now 
Download Free Study Material
  1. Three pillars of change: New source of revenues, new norms and new structures will Be implemented
  2. Operating ratio in 2016-17 92 percent (90 percent in 2015-16)
  3. Capital Expenditure in 2016-17 will be at Rs 1.21 lakh crore
  4. Savings through efficient operation in 2015-16 at Rs 8,720 crore
  5. LIC will invest Rs 1.5 lakh crore over next five years – It will boost Growth of indian Railway
  6. 2,500 km of broad guage line will be commissioned in 2016-17 . Increase In Railways Connectivity
  7. All civil engineering contracts for dedicated freight corridor will be released soon
  8. 2000 km of lines will be electrified in 2016-17
  9. Two locomotive factories to be set up at a cost of Rs 40,000 crore
  10. Gross budgetary support in 2016-17 at Rs 40,000 crore
  11. Gross freight earning in 2016-17 estimated at Rs 1.8 lakh crore
  12. New deluxe trains announced to ensure better cost recovery
  13. 400 stations will be upgraded through PPP route
  14. Contracts worth Rs 24,000 crore issued since November 2014 as against Rs 13,000 crore in the earlier six years
  15. Annualised savings in 2016-17 estimated at Rs 3000 crore
  16. Two elevated suburban corridors planned for Mumbai
  17. Plans afoot to increase share of non-tariff revenue from present 5 levels through monetizing physical and soft railway assets
  18. National High Speed Rail Corporation will be floated soon
  19. National Rail Plan will be announced to ensure synergy in seamless multimodal transport system across the country
  20. Will increase quota for senior citizen for lower berths in each coach by 50%, thereby adding nearly 120 lower berths per train for them.
  21. 20,000 display screens across 2,000 station for better dissemination of information to passenger
  22. Trains to provide children’s menu, baby food, hot water.
  23. Passenger services will be improved at various stations visited by pilgrims.
  24. Soft skills will be provided to ‘Coolies’ who will be called ‘Sahayaks’ now.
  25. RCTC to begin catering services in phased manners.
  26. Clear distinction will be made between food preparation and food distribution.
  27. Food will be made at 45 large stations and will be distributed to all 400 A and A1.
  28. Local cuisine will be made available to passengers. Fresh food and quality will be ensured by hiring third party to audit.
  29. Reservation for backward classes — SC, ST, and women in catering.Indian Railway Budget 2016 Highlights
  30. Increasing quota for lower berths for senior citizens by 50%
  31. 1,780 automatic ticket vending machines have been added to stations.
  32. Braille enabled train wagons implemented for specially abled people
  33. Wi-Fi facility have been provided to 100 stations. It will be increased to 400 stations in next two years, in partnership with Google.
  34. There will be no unmanned railway crossings by 2020
  35. Port connectivity and North East connectivity will be priority in this budget
  36. Mizoram and Manipur to be brought under broad gauge soon
  37. Transparency to be encouraged, online recruitment and social media to be the tools
  38. 1,600 km of electrification this year and 2,000 km in the next year are proposed
  39. More dedicated freight corridors to accommodate the increased demand in freight transport.
  40. Action has been taken on 139 budget announcements in the last budget. For the first time, an implementation report has been made.
  41. We plan to commission to 2,800 km of tracks. We would be surpassing the ambitious target of 2,500 Kms of broad gauge line this year.Indian Railway Budget 2016 Highlights
  42. We have poised to commission 7km per day against the average 4.3km per day. This will go up to 13km per day by 2017-18 and 19km per day by 2019.
  43. Capital outlay of Indian Railways seen at Rs 1.21 lakh crore in 2017.
  44. We will be at the forefront of infrastructure development in the country.
  45. High-end technology for safety will be implemented.
  46. Cut cost to non-manned processes.Indian Railway Budget 2016 Highlights
  47. Increase speed of freight trains by 50 kmph, of mail trains by 80 kmph.

Indian Railway Budget pdf download