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    Highlights of Railway Budget 2015

    Posted on: 2015-02-27 Posted by: CLAT Gurukul Category: Archive Blog

    [caption id="attachment_1352" align="aligncenter" width="311"]Rail Budget 2015 Rail Budget 2015[/caption]   Railway Minister Suresh Prabhu presented the Rail Budget 2015-16 in the Lok Sabha on Thursday. The key themes of the Budget were in line with Prime Minister Narendra Modi's initiatives - Swachch Bharat Mission, Make in India and Digital India.   Highlights of The Railway Budget 2015:

    • Kisan Yatra — a special travel scheme for farmers finds mention in Rail Minister Suresh Prabhu's speech.
    • Skill-development and self-employment to be encouraged on Konkan Railway mode.
    • Four Railway Research Centres to start in four universities
    • 100 DEMUs to be converted to dual fuels.
    • Making efforts to get noise levels of locos to international standards.
    • Water-recycling plants to be set up after a water audit.
    • 1,000-MV solar plants to be set-up by developers on Railway Pvt. Land and on railway building at own cost.
    • Yoga training will be given to railway guards.
    • Monetisation of Railway resources rather than selling assets will be the focus.
    • 2,000 cr for Coastal Connectivity Program; Rs.2,500 cr through BOT/Annuity route. 1,000-MW solar plant; 100 DEMUs to dual fuel.
    • Process and procedures simplified to prevent delays; internal audit of systems.
    • Encroachment on Railway land a serious issue, digitised mapping of land has been initiated to counter this.
    • Digitised mapping of Railway land has begun to check encroachment.
    • Plan size increased by 52%; 41.6% GBS; 17.8% internal generation.
    • Financing Cell to be set up to increase revenue.
    • Rail Minister Suresh Prabhu proposes systems audit for entire Railways in next few months.
    • Decentralise, deregulate and delegate to make freight business simpler.
    • JV with major public sector companies for meeting requirements of new lines.
    • Will set up ‘Kayakalp’ to help in Technology Upgradation
    • Framework to facilitate private investment has been readied; MUTP-III, JV with states,PSUs.
    • PPP cell to be revamped to make it result-oriented & a new Model Concession Agreement will be launched.
    • I propose to move from preventive to predictive maintenance of Railways.
    • We intend to introduce technology portal to invite innovative technological solutions.
    • Corporate safety plans; ISRO to be involved; 3,438 level crossings to be eliminated, railway expenses increased by 2,600%.
    • Rail Minister Suresh Prabhu proposes PPP cooperation for end-to-end logistics management at select stations.
    • Feasibility study for High Speed Rail between Mumbai and Ahmadabad is in advanced stage and is expected by mid-year
    • Safety is of paramount importance.
    • Studies being commissoned for high-speed trains on other routes on the diamond quadrilateral.
    • Speedier Railways — 9 hi-speed corridors, high-speed trains, Make in India opportunities.
    • Speed on nine railway corridors to go up to 200 km/hour.
    • Speed will be increased, so Delhi-Kolkata journey can be done overnight.
    • Newly manufactured coaches will be Braille-enabled and have wider entrances for differently-abled passengers.
    • Private freight terminals reviewing of WLS, SFTO, PFT schemes under process; automatic freight rebate system launched and to be expanded.
    • 917 road under-bridges and over-bridges to be constructed to replace 3,438 railway crossings with Rs. 6,581 crore.
    • State-of-the-art perishable cargo center under completion for farmers.
    • Uproar as Suresh Prabhu asks MPs to donate from MPLAD funds for improving passenger amenities.
    • TRANSLOC — new PSU — end to end logistics solution.
    • 1,330% increase in railway electrification over previous year.
      Note: For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.

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