Rail Budget: 'Modi Express' on right track?

PRESENTS Budget Edition Tue, Jul 08, 2014 | 07:24 PM IST IN ASSOCIATION WITH:

10 major railway stations to be develped to global standards "We will provide Wi-Fi in A-1 and A category stations and in select Wi-Fi in A-1 and A category stations and in select trains," Gowda said. Automatic closing of doors, other safety measures announced "Rs 1785 crore will be allocated for road under bridges and over bridges. Unmanned crossings are being examined," Gowda said. Derailed expectations! Rail stks slip 20%; Sensex sinks 517 pts The Sensex slipped 605 points in intraday trade after hitting record highs in early trading, as Railway Budget failed to live up to expectations

Featured 8 common man-friendly measures in Modi government's first rail budget From bullet trains & better food to modernisation of stations, we take a look at eight measures in Gowda's budget that will bring cheer to common man. read more

More Stories 58 new trains to be introduced, 11 extended Gowda said new trains will include 5 Jansadharan Trains, 5 Premium, 6 AC express, 27 express, 8 passenger, 3 MEMU services & 5 DEMU services this year. Rail budget a stepping stone for growth: PM Calling NDA govt's maiden Rail Budget as the 'real Indian budget', PM Modi said, "Railway budget is a stepping stone for new growth phase." Blog: Modi's rail budget lays track for railways of the future Yes, the rail budget could have been clearer on the specifics, but, directionless it certainly isn't. Those who argue there was no vision in the rail budget, perhaps have no eyes. 'Highest ever' plan outlay for railways proposed Government on Tuesday proposed "highest ever" plan outlay of Rs 65,445 crore to the railways for the current fiscal. Railways to earn Rs 1.64 lakh crore in 2014-15 "Railways hope to achieve total receipts of Rs 1,64,374 crore and would peg total expenditure at Rs. 1,49,176 crore," Gowda said. High-speed trains proposed to connect major cities "We will raise train speeds between several cities to 160-200 km/hour," Gowda promised. "Railways will spend Rs 100 cr for high speed trains," he said. Blog: Rail Budget disappoints, lacks vision Letting foreign investment in Railways and converting the railways into many competing companies will help. Gowda missed going the whole hog on reforms. Gowda lists four new ways to mobilise resources The cash-strapped body will mobilise resources for infrastructure creation and upgradation through the funds of the railways' PSUs. Railways to undergo a technology revamp Some of the key tech based initiatives announced include a massive revamp of the e-ticketing system and a bigger role for mobile technology. Blog: Directionless budget for a creaking railway Railways have an operating surplus of merely 6% and loses money every year, principally by subsidising passenger traffic at the cost of freight. Instead of talking about bullet trains, it would have been better to focus on getting this balance right.

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