Railway Budget 2009

NEW DELHI : Here are the highlights of the railway budget 200-2010 presented in parliament Friday by Railways minister Mamta Banerjee.

No increase in passenger fare and freight tariff

budget to have inclusive growth and expansion of railway network to every corner of the country

Plan outlay of rs.40,745 cr. proposed for 2009-2010, passenger amenities get high priority, to get 119% increase

Traffic receipts during 2008-09 increase by 11.4 % while freight loading grew @ 5% Special trains for perishable farm produce, facilities for transportation of rural craft.

Works for 7 new lines, gauge conversion of 17 lines and doubling of 13 lines to be taken up.
Faster parcel services proposed on three routs

Tatkal scheme to be made passenger friendly

Railway tickets to be made available through post offices and ‘mushkil aasaan’ mobile vans

Concession for press persons increased to 50%

Monthly ticket of rs. 25/- for unorganized sector/poor under ‘izzat’ scheme “only ladies’ emu trains at Delhi, Kolkata and Chennai

‘Yuva trains’ from rural hinterland to metros at concessional fare

12 new point-to-point ‘duranto’ trains

57 new trains, extension of 27 trains and increase in frequency of 13 trains and air-conditioned double-decker trains proposed

50 stations to be upgraded to world class stations

Long distance trains to have on-board doctors and infotainment services

Handicapped and aged persons to have more amenities

Special trains to ferry perishable agro products and rural handicrafts

Special fund for the development of north east railway

Quazigund-Anantnag line to be completed by next month

6560 railway staff quarters to be constructed and group‘d’ employees to get scholarships for their girl child

Railways to come out with while paper on financial status and vision-2020 document

Ref.: CommodityOnline

For next 6th July 2009

Year 2009-10 Budget India

On July 6th, Pranab Mukherjee is all set to present this year’s Union Budget, making a comeback as Finance Minister (after more than two long decades). Not even our Indian cricketing ‘comeback’ heroes Mohinder Amarnath and Saurav Ganguly can hope to match that….

It would be an understatement to say that expectations from the upcoming Union Budget are running high. To my mind, the Finance Minister’s job is akin to that of a wicket keeper in cricket where you are remembered not for the catches you take, but the ones you drop…

And so, just as every catch cannot always be taken, not everyone can be satisfied with the Budget. Nevertheless, almost everyone has a wish list and capital market participants are no exception.

Ref.: UTV News

Author: Malvaniya Prashant

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