
Rail Budget 2014: 72 new trains to be introduced, no change in fares
India TV NewsNew Delhi: Presenting the Interim Rail Budget 2014 in Parliament on Wednesday, Union Railway Minister Mallikarjun Kharge announced that 17 new premium trains and 38 express trains would be introduced. The Railway Minister has however kept both the passenger as well as the freight fares unchanged.Rail Budget 2014 Highlights:Passenger fares to remain unchangedLeaves freight fares unchangedRecieved several suggestions for new trainsRailway line from Kashmir to KanyakumariHigh time to take note of urgent needs of RailwaysSeeks approval for spending first 4 months of FY'15Funds to be provided for national projectsTo start passenger service to Vaishnodevi-Katra shortlySetting up of 11.2 km-long tunnel in J&KRailways met extra expenditure through own meansSuccessfully met 6th pay panel recommendationsExtending rail connectivity to NE statesElectrification of over 4,000 kilomteres in plansRailways has emerged stronger financiallyExtra expenses met through internal accrualsDedicated freight corridor to cut transit time by halfCompleted laying 2,027 kms railway lines vs target 2,000 kmsRailways helps cause of national integrationTo introduce 17 new premium trains and 38 express trainsRailways help provide low cost connectivityBanihal link a big boonRailways has met 6th pay panel recommendationsDedicated freight lines to be commissionedCompleted doubling gauge of 2,227 kms vs target of 2,000 kmsCompleted electrification of 4,556 kms vs target of 4,500 kmsRailways to have more passenger trains at higher speedNeed budgetary resources of Rs 19,805 crore for FY15Rail Vikas Nigam to borrow Rs 1,000 crore from market in FY15FY15 gross traffic receipts seen at Rs 1.16 lakh crore
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