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SBI PO 2015 General Awareness important Questions Related to Rail Budget 2015-16

Written By Winston Bensford on Sunday, May 17, 2015 | 10:26 AM

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Railway Minister Suresh Prabhu on Thursday spared passengers from any hike in fares but made changes in freight rates to rake in more money while ruling out privatisation.



Presenting the first full-fledged Rail Budget of the Modi government for 2015-16, he made adjustments in freight rates that exempted salt but would hike rates on carriage of cement, coal and coke, iron or steel and petroleum products.

The Budget also revised the commodity classification and distance slabs for carriage of commodities that can raise freight rates upto 10 per cent in some of the items.

The Minister did not project any figures that will accrue out of the adjustment in freight rates to be effective from April 1 this year.

"I have not increased passenger fares. We are directing our efforts to make travel on Indian railways a happy experience with a mix of various initiatives," he said as he laid out 11 major thrust areas of railways in the coming financial year.

He did not announce any new trains, saying on the ground that a review was on about the capacity to add more trains which will be announced after the review is over.

Following are the highlights of the Railway Budget for 2015-16 presented by Railway Minister Suresh Prabhu in Parliament:


FY16 ESTIMATES
* FY16 plan outlay Rs 1 trillion
* FY16 total expenditure seen Rs 1.63 trillion
* Plan 750 km of civil contracts for Dedicated Freight Corridor
* Rail electrification to be done on 6,608 km in FY16
* Sanctioned 77 projects of 9,400 km for raising track capacity
* Allotted Rs 86.86- billion for gauge conversion
* Target 800 km of gauge conversion in FY16
* Allotment for passenger amenities increased by 67%
* To mobilise Rs 20 billion investment for coastal connectivity
* Railway FY16 operating ratio seen 88.5%
* FY16 internal revenue generation seen up 17.8% on yr
* FY16 gross budgetary support up 41.6% on yr
* FY16 net revenue seen Rs 250.76 billion
* FY16 goods earnings target Rs 1.21 trillion
* FY16 passenger earnings target Rs 501.75 billion
* FY16 plan outlay from internal resources Rs 177.93 billion
* FY16 freight target Rs 1.186 billion
* FY16 gross budgetary support seen Rs 400 billion
* FY16 appropriation to pension fund Rs 349 billion
* FY16 surplus seen Rs 143 billion
* FY16 dividend seen Rs 108 billion
* FY16 total expenditure seen Rs 1.63 billion
* FY16 total receipts seen Rs 1.89 trillion
* FY16 ordinary working expenses Rs 1.19 trillion
* FY16 gross traffic receipt Rs 1.84 trillion
* Railways' FY16 market borrowing pegged Rs 173 trillion
* FY16 invest on wagons seen Rs 45 billion rupees vs Rs 24 billion year ago
* Aim Rs 62 million tn food grain freight FY16 vs 57.3 mln yr ago
* Aim 120.5 mln tn cement freight FY16 vs 113.2 million tn yr ago
* Aim 125 million tn iron ore freight FY16 vs 116 million tn yr ago
* Aim 585 million tn coal freight in FY16 vs 543 million tn yr ago
* FY16 invest on locomotives seen Rs 85 billion, unch on yr
* FY16 rolling stock spend seen Rs 193 billion vs 174 billion FY15
* FY16 institutional finance seen Rs 171.36 billion
* FY16 invest via PPP seen Rs 57.81 billion
* FY16 freight earning target Rs 1.21 trillion
* Rail Vikas Nigam FY16 mkt borrowing pegged Rs 3.79 billion
* Share of diesel cess from road fund Rs 16.46 billion FY16
* IRFC FY16 mkt borrowing pegged Rs 172.76 billion
* Sanction Rs 65.8 billion to remove 3,438 level crossings FY16
* FY16 total mkt borrow pegged Rs 176.55 billion
* Plan to buy 16,800 wagons FY16 vs 10,000 yr ago
* Plan to buy 3,390 coaches in FY16 vs 3,359 yr ago
* Plan to buy 261 electric locomotives FY16 vs 250 yr ago
* Plan to buy 375 diesel locomotives FY16 vs 397 yr ago
* Aim gauge conversion of 500 route km FY16 vs 450 yr ago
* To construct 300 route km new lines FY16 vs 300 route km FY15
* To electrify 1,600 route km FY16 vs 1,350 route km yr ago

FY15 REVISED
* Revised FY15 ordinary working expense by Rs 36.79 billion
* Revised FY15 targeted operating ratio to 91.8% from 92.5%



* Revised FY15 pension fund appropriation to Rs 295.4 billion
* FY15 operating ratio 91.8%
* FY15 passenger earnings estimate revised to 17.7% from 22.2%
* FY15 plan size revised to Rs 657.98 billion from 654.45 billion
* FY15 surplus at Rs 72.8 billion
* FY15 freight loading revised target 1.101 billion tn

FARES, FREIGHT
* No hike in passenger fares
* Emphasis on gauge conversion over next 5 years
* Must run fast trains like Rajdhani, Shatabdi
* To up track length by 20% to 138,000 km in next 5 years
* Must substantially regain freight mkt share
* Freight carrying capacity to be raised to 1.5 billion tn
* Must make freight transport reliable, comfortable
* Four freight corridors will be completed this year
* Must expand freight handling capacity
* To partner with PSUs to build capacity for freight movement
* To give 750 km civil contract for dedicated freight corridor
* Freight rate for over 1,500 km distance "rationalised"

HYGIENE BOOST
* To hire professional cleaning agencies
* Ensuring higher standards of cleanliness a priority
* "Swachh Rail" to be a driving force
* To create new dept for cleaning stations, trains
* To improve quality of bed linen in 6 months
* To increase number of mechanised laundries
* To introduce vacuum toilets in 6 months
* To replace 17,000 toilets with bio-toilets
* To build new toilets at 650 additional stations
* To set up waste-to-energy plants


INVESTMENT PUSH
* Investment in railways to create more jobs
* Under-investment has led to reduced efficiencies
* Rs 1.20-billion- provided for lifts, elevators at stations
* Cycle of poor investment in railways must end
* Railway envisages 8.5 trln rupee investment in 5 yrs
* States can raise finance through SPVs
* Railway investment to need multiple sources of funding
* To partner with multilateral agencies for accessing funds
* To monetise assets rather than sell them
* To tap insurance, PFs, global agencies for long-term funds
* Some projects can be equity driven in partnership with states
* To set up financing cell in Rail Board
* Funding for projects may be equity driven
* Can generate resources via mkt borrowing
* To invest total 8.56 trln rupees over 2015-19
* To invest Rs 132 billion over 2015-19 for other projects
* To invest Rs 125 billion over 2015-19 for passenger amenities
* Rs 390-billion- invest 2015-19 for J&K, north-east connectivity

INFRASTRUCTURE, MODERNISATION

* To introduce air-conditioned coaches in Mumbai suburban network
* More general class coaches to be introduced
* IRCTC to provide concierge service
* More berths in coaches to be introduced
* To increase quota of lower berths for pregnant women
* 200 more stations to be upgraded to model stations
* To introduce e-catering in 108 trains
* 182 to be toll-free number for security-related issues
* To launch 138 as 24x7 helpline number
* To launch mobile app for complaints
* To have Braille-enabled new coaches
* To focus on superior coach design
* Capacity augmentation has suffered over the years
* Railway facilities have not improved in last few decades
* WiFi in all A1, B category stations
* To provide WiFi services at 400 railway stations
* To introduce onboard entertainment in Shatabdi trains
* Mobile phone charging to be available in general coaches
*492 sections on high density network working at over 100% capacity
* Aim to modernise rail infrastructure
* Plan steps to systematically address customer grievances
* To mull new wagon design for higher capacity, fuel efficiency
* Intend to address issues in pvt freight terminal scheme
* To fast-track highest priority works
* Need to accelerate railway electrification
* 10 satellite terminals to be taken up FY16
* Coal, steel, cement need new lines for transportation
* To revamp station redevelopment policy completely
* To invite bids for station revamp
* Will partner with pvt sector to modernise stations' infra
* Sustained, measurable improvement in travel experience a goal
* To increase quota of lower berths for senior citizens
* Online booking of wheelchair to be available on IRCTC
* Centrally-managed display to be set up in 2,000 stations
* Cameras in some trains on pilot basis for women safety
* Propose SMS alert for arrival-departure services
* Working on system to use SMS as valid proof for ID
* To allow SMS as valid proof of ticket
* Putting in place integrated customer portal
* Propose satellite terminals to decongest major city stations
* Want local culture to be reflected at stations
* To have 26 coaches in place of 24 in select trains
* Raising reserved ticket booking window to 120 days vs 60 now
* Plan infra fund for raising long-term debt
* Digitised mapping of land records started
* To work with states to create infra

NEW TRAINS, LINES
* 1,219 sections on high density network
* Plan to run 1st set of high speed special trains in 2 yrs
* To introduce high speed trains along lines of bullet trains
* Mumbai-Ahmedabad high-speed train study at advanced stage
* Feasibility study for Delhi-Mumbai corridor in advanced stage
* Mumbai-Ahmedabad high-speed train report by mid this yr

MISCELLANEOUS ((Question Here ))
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