Railway Budget 2009-10
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Railway Budget 2009-10
Key Highlights • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • •
July 03, 2009
No increase in passenger fares across classes Tatkal fees reduced from Rs 150 to Rs 100 Tatkal scheme to be reduced from 5 days to 2 days No hike in freight rates Railways will receive an additional budgetary support of Rs 5000 crore in the current year Kolkata Metro to get more extensions AC Yuva trains to be introduced at Rs 299 and Rs 399 12 new 'Turant' AC sleeper trains between major metros 12 new non-stop 'Turant' AC and non-AC train service between Howrah-Mumbai, DelhiLucknow, Delhi-Chennai, Delhi-Pune, Delhi-Allahabad, Howrah-Delhi, Sealdah-Delhi and Ernakulum-Delhi. New scheme 'Izzat' to be introduced under which monthly season ticket of Rs 25 for up to 100 kilometers could be availed by unorganised sector passengers Freight loading target for 2009-10 set at 882 million tonnes, an increase of 39 million tonnes Railways to set up Land Banks to be used for industry Railways to set up a 1000 MW power plant with NTPC Ladies' specials to be introduced in suburban trains during peak hours Ladies Special to be extended to Kolkata, Chennai Metro concession in Kolkata to minority students Photo-ID cards cum credit cards to be given to accredited journalists Press correspondents to get 50% concession Total working expenditure estimated at Rs 81,685 New scheme called 'Ijjat' for low income monthly travel Freight loading fell short of target Unrealistically high targets of Interim Budget not sustainable Railways to develop cold storages for farmers to store vegetables and fruits Freight loading fell short of targetUnrealistically high targets of Interim Budget not sustainable Railways making efforts with Department of Heavy Industries for takeover of ailing wagon manufacturing units like Burn Standards 18,000 wagons to be acquired during the current year Better representation to be given to minorities, women and the economically backward in railway recruitment Superfast parcel express trains to be started on a pilot basis between Delhi and Chennai and Delhi and Mumbai. Launch of premium parcel service between 3 stations Work on coach factory in Rae Bareli to be speeded up A new coach factory to be set up in Kanchrapara in Bengal 7 nursing colleges to be set up on railway land in places including Delhi, Kolkata and Mumbai Railway medical colleges to be developed along with rail hospitals on public-private partnership An Integrated Security System is being developed for 130 vulnerable stations Mega logistic hubs in Eastern, Western corridorsNew policy to allow private freight terminal Railways to lease out more land for commercial purposes Special recruitment drive to fill up physically challenged posts
Page 1
• • • • • • • • • • • • • • • • • • • • • • • • •
Metro Rail Hopsital in Tollygunj to be upgraded Hospitals to be developed for railway staff Women commandos in key routes to be increased Girl child scholarship for Group B employees Mobile ticketing vans to be introduced Ramps, special bogeys for physically challenged passengers To introduce double-decker coaches for inter-city travel Unreserved ticketing terminals to be expanded from 5000 to 8000 Computerised tickets can be brought from 5,000 post offices Automatic ticket vending machines on major stations SMS update on waitlisted tickets Priority to cleanliness and punctuality Ticketing services in 200 new towns and cities Specially designed coaches for handicapped passengers One doctor to be deputed in long-distance trains On-board infotainment services to be offered on Shatabdi, Rajdhani trains 49 stations of religious importance to be upgradedToilet facilities for women at stations Multi-functional complexes for railway users at stations Book stores, PCOs to be set up across stations Priority for passenger amenitiesRailways to lay stress on platform and train security, catering CST Mumbai, Pune, Nagpur, Howrah, Sealdah to be developed as world class stations Develop 50 stations as world-class stations Expert committee on socially unviable projects to be set up Railways trying to keep up with change Rail projects shouldn't be gauged by economic viability
(Source: Financial Express, CNBC, The Hindu etc.)
Research Team Tel: (011) 43666400 / 43666500
Website: www.globecapital.com
Disclaimer: The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of act or opinion. Readers using the information contained herein are solely responsible for their actions. Globe Capital Market Limited, its employees and its group companies shall not be responsible and /or liable to anyone for any direct or consequential use of the contents thereof. Either Globe Capital Market Limited or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s) or may engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
July 03, 2009
Page 2
Key Highlights • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • •
July 03, 2009
No increase in passenger fares across classes Tatkal fees reduced from Rs 150 to Rs 100 Tatkal scheme to be reduced from 5 days to 2 days No hike in freight rates Railways will receive an additional budgetary support of Rs 5000 crore in the current year Kolkata Metro to get more extensions AC Yuva trains to be introduced at Rs 299 and Rs 399 12 new 'Turant' AC sleeper trains between major metros 12 new non-stop 'Turant' AC and non-AC train service between Howrah-Mumbai, DelhiLucknow, Delhi-Chennai, Delhi-Pune, Delhi-Allahabad, Howrah-Delhi, Sealdah-Delhi and Ernakulum-Delhi. New scheme 'Izzat' to be introduced under which monthly season ticket of Rs 25 for up to 100 kilometers could be availed by unorganised sector passengers Freight loading target for 2009-10 set at 882 million tonnes, an increase of 39 million tonnes Railways to set up Land Banks to be used for industry Railways to set up a 1000 MW power plant with NTPC Ladies' specials to be introduced in suburban trains during peak hours Ladies Special to be extended to Kolkata, Chennai Metro concession in Kolkata to minority students Photo-ID cards cum credit cards to be given to accredited journalists Press correspondents to get 50% concession Total working expenditure estimated at Rs 81,685 New scheme called 'Ijjat' for low income monthly travel Freight loading fell short of target Unrealistically high targets of Interim Budget not sustainable Railways to develop cold storages for farmers to store vegetables and fruits Freight loading fell short of targetUnrealistically high targets of Interim Budget not sustainable Railways making efforts with Department of Heavy Industries for takeover of ailing wagon manufacturing units like Burn Standards 18,000 wagons to be acquired during the current year Better representation to be given to minorities, women and the economically backward in railway recruitment Superfast parcel express trains to be started on a pilot basis between Delhi and Chennai and Delhi and Mumbai. Launch of premium parcel service between 3 stations Work on coach factory in Rae Bareli to be speeded up A new coach factory to be set up in Kanchrapara in Bengal 7 nursing colleges to be set up on railway land in places including Delhi, Kolkata and Mumbai Railway medical colleges to be developed along with rail hospitals on public-private partnership An Integrated Security System is being developed for 130 vulnerable stations Mega logistic hubs in Eastern, Western corridorsNew policy to allow private freight terminal Railways to lease out more land for commercial purposes Special recruitment drive to fill up physically challenged posts
Page 1
• • • • • • • • • • • • • • • • • • • • • • • • •
Metro Rail Hopsital in Tollygunj to be upgraded Hospitals to be developed for railway staff Women commandos in key routes to be increased Girl child scholarship for Group B employees Mobile ticketing vans to be introduced Ramps, special bogeys for physically challenged passengers To introduce double-decker coaches for inter-city travel Unreserved ticketing terminals to be expanded from 5000 to 8000 Computerised tickets can be brought from 5,000 post offices Automatic ticket vending machines on major stations SMS update on waitlisted tickets Priority to cleanliness and punctuality Ticketing services in 200 new towns and cities Specially designed coaches for handicapped passengers One doctor to be deputed in long-distance trains On-board infotainment services to be offered on Shatabdi, Rajdhani trains 49 stations of religious importance to be upgradedToilet facilities for women at stations Multi-functional complexes for railway users at stations Book stores, PCOs to be set up across stations Priority for passenger amenitiesRailways to lay stress on platform and train security, catering CST Mumbai, Pune, Nagpur, Howrah, Sealdah to be developed as world class stations Develop 50 stations as world-class stations Expert committee on socially unviable projects to be set up Railways trying to keep up with change Rail projects shouldn't be gauged by economic viability
(Source: Financial Express, CNBC, The Hindu etc.)
Research Team Tel: (011) 43666400 / 43666500
Website: www.globecapital.com
Disclaimer: The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of act or opinion. Readers using the information contained herein are solely responsible for their actions. Globe Capital Market Limited, its employees and its group companies shall not be responsible and /or liable to anyone for any direct or consequential use of the contents thereof. Either Globe Capital Market Limited or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s) or may engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
July 03, 2009
Page 2
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