ALL ABOUT RAILWAY BUDGET:
Ø RAILWAY BUDGET is the annual Financial Statement of INDIAN RAILWAY, presented every year by the Union Railway Minister in the Lower House i.e. LOK SABHA just a couple of Days before the Union budget of India.
Ø Railway Finances were separated from general Government finances on the recommendation of “Acworth Committee”, headed by William Acworth in 1920-21. Railway finances were first separated in 1924.
Ø First live telecast of Railway Budget took place on 24th March 1994 by Lalu Prasad Yadav.
Ø Mamta Banerjee was the first woman Railway Minister of India.
Ø First bullet train was announced in 2014 by D.V. Sadananda Gowda.
Notes: - Railway budget is presented separately because Indian Railway is among the World’s largest employers with 1.3 million employees. India has the fourth-longest route Network after the U.S.A., Russia and China.
Ø Railway Minister Suresh Prabhu, with the Minister of state for Railway Manoj Sinha Presented his maiden Railway Budget in the Lok Sabha.
HIGHLIGHT OF THE RAILWAY BUDGET 2015:-
Ø Setting up of ‘KAYAKALP’ to help in Technology upgradation.
Ø Planned budget for 2015-16 is 1, 00,011 crores.
Ø Train protection warning system and anti colliding system to be developed by RDSO.
Ø Automatic freight scheme to be launched in pan India.
Ø Increment in speed of 9 trains from 110 km/hr. to 160 km/hr and 130 km/hr to 200 km/hr.
Ø Investment plan for next 5 years by the government is of 8.5 Lakh crore rupees.
Ø No increment in rail fare.
Ø Increase track length by 20% and passenger carrying Capacity from 21 to 30 Million.
Ø Private agencies to be roped in for cleanliness drive.
Ø Free Wi-Fi facility to ‘B’ class stations under the Scheme of Digital India.
Ø Facilities of self operated lockers at stations & mobile phone charging facilities in general class.
Ø Surveillance cameras in selected watches and ladies compartments for women’s safety without compromising on privacy.
Ø Unreserved ticket purchase made simple through smart phones; Debit cards.
Ø Bio toilets in trains.
Ø Mumbai-Ahmadabad bullet train project is in last stage.
Ø No new train is introduced in the railway budget-2015. Main idea was to focus on executing past measures.