Rail Budget 2010: Freight lowered, AC tickets get cheaper

| February 24, 2010 | 0 Comments

Indian Railway Minister Mamata Banerjee presented the Railway Budget in Parliament today. Banerjee has chalked out a ambitious plan with an aim to raise Rs 10,000-20,000 crore in FY11 and promised to introduce a 10-year a plan “Vision 2020″.

A point to note, however, is that the second Railway Budget is being announced amidst accusations that promises made last year have not yet been achieved.

Key highlights:

  • - To come out with 10-year plan ‘Vision 2020′
  • - Limited funds available constraint for line addition
  • - See 890 million tonne freight loading during FY10
  • - To beat FY10 freight target by 8 million tonne
  • - FY10 revised estimate on gross earning at Rs 88,200 crore
  • - Rs 6,490 crore net revenue revised estimate for FY10
  • - Non-core business revenue seen at Rs 1,000 crore
  • - Impact of 6th Pay Commission at Rs 55,000 crore
  • - Plan to raise Rs 10,000-20,000 crore in FY11
  • - FY11 freight loading aim at 944 million tonne
  • - FY11 gross traffic receipts at Rs 94,800 crore
  • - FY11 plan outlay seen at Rs 41,426 crore
  • - FY11 working spend seen at Rs 87,100 crore
  • - See FY11 dividend liability at Rs 6,600 crore
  • - FY11 operating ratio seen at 93.2%
  • - FY11 new line allocation cost at Rs 4,400 crore
  • - FY11 gross budgetary support seen at Rs 15,800 crore
  • - To borrow Rs 9,120 crore this fiscal

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Tags:

Category: Budget

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