Union Railway Minister Mamata Banerjee presented the Railway budget for the year 2010-2011 for the second consecutive time.Mamata's budget proposals stretched from small welfare measures such as starting creches and hostels for women employed with the railways to setting aside of money for ten auto ancillary hubs, & building of the western freight corridor.
The Rail Budget reduced the service charges for e-tickets and freight charges for foodgrains.Banerjee has proposed Rs.41,426 crore, the highest ever plan investment to provide efficient, customer focused and modern railway network.
Out of this allocation, Rs.4,411 crore have been proposed to achieve the target of 1,000 kms. for new lines and Rs.1,302 crore for passenger amenities.The plan would be financed through gross budgetary support of Rs.15,875 crore, diesel cess of Rs.877 crore, internal resources of Rs,14,523 crore and EBR of Rs.10,151 crore including market borrowing through IRFC of Rs.9,120 crore.
For industry, the good news could be embedded in the move to allow private operators to run freight corridors, the 10 new auto ancilliary units to be set up, 80,000 wagon addition, door-to-door freight services, the Golden and the Western rail corridor proposals. To do away with administrative bottlenecks, the minister has promised setting up a Task Force to ensure a 100-day clearance for investment proposals.
The budget speech also had promises of 1,000 km route to be created by FY11, the Vision 2020 with a target of 25,000 Km of railway network, construction of more underpasses, besides road overbridges, a special passenger corridor and more security for passengers.
She announced that out of 120 new trains, extensions and increase in frequencies announced in last budget, 117 would be flagged off by the end of 2010.Cleanliness of the railway has improved over the years, claimed Banerjee adding that Rs 1302 crores would be spent for the safety of passengers.
The Rail Budget reduced the service charges for e-tickets and freight charges for foodgrains.Banerjee has proposed Rs.41,426 crore, the highest ever plan investment to provide efficient, customer focused and modern railway network.
Out of this allocation, Rs.4,411 crore have been proposed to achieve the target of 1,000 kms. for new lines and Rs.1,302 crore for passenger amenities.The plan would be financed through gross budgetary support of Rs.15,875 crore, diesel cess of Rs.877 crore, internal resources of Rs,14,523 crore and EBR of Rs.10,151 crore including market borrowing through IRFC of Rs.9,120 crore.
For industry, the good news could be embedded in the move to allow private operators to run freight corridors, the 10 new auto ancilliary units to be set up, 80,000 wagon addition, door-to-door freight services, the Golden and the Western rail corridor proposals. To do away with administrative bottlenecks, the minister has promised setting up a Task Force to ensure a 100-day clearance for investment proposals.
The budget speech also had promises of 1,000 km route to be created by FY11, the Vision 2020 with a target of 25,000 Km of railway network, construction of more underpasses, besides road overbridges, a special passenger corridor and more security for passengers.
She announced that out of 120 new trains, extensions and increase in frequencies announced in last budget, 117 would be flagged off by the end of 2010.Cleanliness of the railway has improved over the years, claimed Banerjee adding that Rs 1302 crores would be spent for the safety of passengers.
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