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Indian Rail budget 2016 highlights

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Indian Rail budget 2016 highlights

New Delhi - Indian Railways to spend Rs.1,21,000 crore on capital expenditure next fiscal

Published: Thu 25 Feb 2016, 9:25 AM

Updated: Fri 26 Feb 2016, 7:41 AM


Railway Minister Suresh Prabhu began presenting his ministry's budget for the next fiscal year in the Lok Sabha on Thursday, promising to address the issues concerning all stakeholders -- citizens, employees and industry, among others.
"These are challenging times," Prabhu said in the opening remarks of his second rail budget speech, adding that the strategy will involve three pillars -- exploring new avenues to raise revenues, improve efficiency and totally recast decision-making.
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@PIB_India Here are the highlights of the 2016 Railway Budget pic.twitter.com/QW7ReR9v16
- Ministry of Railways (@RailMinIndia) February 25, 2016
"Cooperation, collaboration and communication, are the hallmarks of Indian Railways' journey forward," the minister said. "We will be at the forefront of infrastructure investment in the country."

  • IRCTC to begin marriage catering service in phased manner
  • New R&D organisation to be established
  • E-catering to be extended to all stations
  • Local cusine of choice to be made available to rail passengers
  • LIC to fund Rs.1.5 lakh crore over five years on favourable terms
  • Two elevated tracks envisaged from Churchgate and CST on Mumbai's suburban railway system
  • Specialised teams envisaged in specific areas to improve efficiency
  • All-India 24X7 helpline for women
  • Fully unreserved trains to be operated on high-density corridors
  • Local art to be highlighted at railway stations
  • Academic facility at Vadodara being upgraded to university level
  • Railways to generate 9 crore mandays of employment in 2017-18 and 14 crore mandays in 2018-19
  • To increase lower berth quota for senior citizens by 50 per cent
  • Dedicated freight corridors envisaged for North-South, East-West and East Coast alignments
  • Social media being increasingly used to ensure transparency
  • Online booking of retiring rooms made possible
  • 17,000 additional bio-toilets to be provided by the end of current fiscal
  • Finalised bids for two new loco factories under Make in India initiative
  • WiFi facilities at 100 more stations this year and 400 stations next year
  • 2,800 km of broad gauge track conversion envisaged
  • Seven km of broad gauge lines to be commissioned every day during 2016-17
  • Hope to commission 19 km of new broad gauge track every day by 2018-19
  • Budget that reflects the expectations of the entire nation
  • Making all-out efforts to translate dream of Prime minister Narendra Modi into reality
  • Aiming tom achieve operation ratio of 92 per cent
  • Saving of Rs.8,720 crore from last year's estimates
  • Envisaging capital expenditure of Rs.1.21 lakh crore



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