Rail Budget Lays Thrust on Safety, Consolidation, Improving Passenger Amenities and Fiscal Discipline Operting Ratio Likely to Improves to 87.8% In 2013-14 Highest Ever Plan Outlay of Rs. 63,363 Crore Increase in Passenger Fare Absorbed 10 Year Perspective Plan to be Taken up on Safety E-Ticketing Through Mobile; Sms Alert to Passengers For Reservation Update https://www.taxtmi.com/news?id=4730 The Railway Budget prioritizes fiscal consolidation through specified appropriations to pension and depreciation reserves, absorption of fuel cost impacts, marginal passenger charge increases and an FAC linked freight tariff mechanism, alongside measures to improve operating ratio and retire debt. Concurrently, it mandates a ten year Corporate Safety Plan with level crossing eliminations, Train Protection Warning System roll out and onboard fire detection. Complementary initiatives expand IT enabled ticketing, passenger amenities, station upgrades, new and extended train services, infrastructure targets for new lines and broad gauge conversion, and staff welfare and recruitment. en-us Tue, 26 Feb 2013 15:26:18 +0530 Tue, 26 Feb 2013 15:26:18 +0530 TaxTMI RSS Generator Rail Budget Lays Thrust on Safety, Consolidation, Improving Passenger Amenities and Fiscal Discipline Operting Ratio Likely to Improves to 87.8% In 2013-14 Highest Ever Plan Outlay of Rs. 63,363 Crore Increase in Passenger Fare Absorbed 10 Year Perspective Plan to be Taken up on Safety E-Ticketing Through Mobile; Sms Alert to Passengers For Reservation Update https://www.taxtmi.com/news?id=4730 The Railway Budget prioritizes fiscal consolidation through specified appropriations to pension and depreciation reserves, absorption of fuel cost impacts, marginal passenger charge increases and an FAC linked freight tariff mechanism, alongside measures to improve operating ratio and retire debt. Concurrently, it mandates a ten year Corporate Safety Plan with level crossing eliminations, Train Protection Warning System roll out and onboard fire detection. Complementary initiatives expand IT enabled ticketing, passenger amenities, station upgrades, new and extended train services, infrastructure targets for new lines and broad gauge conversion, and staff welfare and recruitment. News - Tue, 26 Feb 2013 15:26:18 +0530 https://www.taxtmi.com/news?id=4730