TaxTMI 
TaxTMI 
Highlights of Interim Railway Budget 2009-10
X X X X Extracts X X X X
X X X X Extracts X X X X
....ighlights of Interim Railway Budget 2009-10 <br>News and Press Release<br>Dated:- 13-2-2009<br><BR>Review of Financial Performance during the year 2008-09 * Freight loading target retained at 850 mt; number of passengers likely to grow by around 7% over previous year. * Implementation of recommendations of VI Central Pay Commission (CPC) likely to cost the Railways Rs 9,000 cr more on staff ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....costs and Rs 4,500 cr more on pensionary charges as compared with previous year. * Hence, Ordinary Working Expenses (OWE) increased to Rs 55,000 cr in the R.E and the appropriation to Pension Fund to Rs 10,500 cr. * Appropriation to DRF retained at Rs 7,000 cr. * Dividend payable to General Revenues kept at Rs 4,711 cr. * Cash surplus before dividend projected at Rs 19,320 cr and the O....
X X X X Extracts X X X X
X X X X Extracts X X X X
....perating Ratio at 88.3% despite implementation of the VI CPC. * Revised plan outlay kept at Rs 36,773 cr. Performance Review * The number of consequential accidents came down to 194 in 2007-08. * Agartala, the capital of the Tripura, connected by railway line. First train service in Kashmir valley commenced between Anantnag and Rajwansher. To be followed by Baramulla and Qazigund. * S....
X X X X Extracts X X X X
X X X X Extracts X X X X
....uccessful trials completed for running electric locomotives with OHE at a height of about 7.5 mts in preparation for running double stack containers on electrified Western Dedicated Freight Corridor * Work on Eastern Dedicated Freight Corridor commenced near Dehri-on-Son on 10th February,2009. Work on Western DFC to commence this month. Budget Estimates 2009-10 * Freight loading targeted at....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 910 mt - an increment of 60 mt on 2008-09; number of passengers likely to grow by around 7%. * Gross Traffic Receipts estimated at Rs 93,159 cr i.e. Rs 10,766 cr more than RE 2008-09. * Ordinary Working Expenses budgeted at Rs 62,900 cr to cover the full year impact of VI CPC and the payment of 60% arrears due in 2009-10. * Dividend payable to General Revenues kept at Rs 5,304 cr at the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....current applicable rates. * Budgeted Operating Ratio 89.9%. * Plan outlay kept at Rs 37,905 cr. Passenger Services * 43 new train services to be started in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased. Others * With a view to facilitate improved train operations, it has been decided to set up two new railway divisions at Bhagalpur and Thawe. ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... * 25 surveys proposed comprising 14 for new lines, 3 for gauge conversion and 28 for doubling projects. * Pre-feasibility study for running high speed bullet trains being pursued. * Construction of Rail Wheel Factory, Chapra on in full swing; Work on diesel and electric locomotive factories at Marhoura and Madhepura targeted for early start. * Bharat Wagon Limited, Mokama & Muzaffarpur t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ransferred to Ministry of Railways; transfer of wagon units of Burn Standard at Burnpur and Howrah also under consideration on the same lines. Reduction in Tariffs * Reduction in passenger fares of ordinary passenger trains by one rupee for fares costing up to Rupees fifty per passenger for journey above ten kms. * Second class and sleeper class fares of all Mail/Express and ordinary passen....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ger trains to be reduced by 2 per cent for tickets costing Rupees fifty and more per passenger. * Fares of AC First Class, AC II tier, AC III tier and AC Chair Car also to be reduced by two per cent.<BR> News - Press release - PIB....