2014 Railway Budget of India

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 () 2014 Railway Budget of India
Emblem of India.svg
Submitted by Suresh Prabhu, Railway Minister
Presented 25 February 2015
Parliament Indian Parliament
Party Bhartiya Janta Party
Website www.indiabudget.nic.in
‹ 2013
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2014 Railway Budget of India refers to the Railway Budget of the Indian Railways in the fiscal year 2014–15. The budget was presented in the India Parliament by Railway Minister D. V. Sadananda Gowda on 8 July 2014. [1]

Indian Railways Indian state-owned enterprise, owned and operated by the Government of India

Indian Railways (IR) is India's national railway system operated by the Ministry of Railways. It manages the fourth-largest railway network in the world by size, with 121,407 kilometres (75,439 mi) of total track over a 67,368-kilometre (41,861 mi) route. Forty nine percent of the routes are electrified with 25 KV AC electric traction while thirty three percent of them are double or multi-tracked.

D. V. Sadananda Gowda Indian politician, Ex Chief Minister of Karnataka

Devaragunda Venkappa Sadananda Gowda is an Indian politician and was the 20th Chief Minister of Karnataka and is currently the Minister of Statistics and Programme Implementation in the Government of India. He previously served as Minister of Law and Justice shifted from the Ministry of Railways in the cabinet reshuffle of 5 July 2016. He is a member of the 16th Lok Sabha representing the Bangalore North constituency.

Contents

Summary

The budget emphasized increased amenities for travelers, better safety, and timely completion of projects. There were no fare hikes announced as both passenger and freight fares had been increased the previous month. But, it was announced that fares will be revised twice a year to absorb fuel costs. Gowda criticized previous governments for announcing new projects and failing to complete them. He said projects will now be prioritized, such as decongesting major routes instead of announcing new ones. Gowda announced no major new projects, but announced 54 new trains. He also criticized the last government for driving the railways into a loss. [2] [3]

Gowda announced a bullet train between Mumbai and Ahmedabad; new semi-high speed trains in nine sectors connecting metros; and new measures towards improving cleanliness, food, and e-ticketing were announced. He said CCTVs will be installed in major stations to monitor cleanliness, and major stations will have food courts serving local cuisines and precooked food from reputable catering brands will be served on board. The railways have faced complaints of substandard food in the past. [2] [3]

Mumbai Megacity in Maharashtra, India

Mumbai is the capital city of the Indian state of Maharashtra. As of 2011 it is the most populous city in India with an estimated city proper population of 12.4 million. The larger Mumbai Metropolitan Region is the second most populous metropolitan area in India, with a population of 21.3 million as of 2016. Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest number of millionaires and billionaires among all cities in India. Mumbai is home to three UNESCO World Heritage Sites: the Elephanta Caves, Chhatrapati Shivaji Maharaj Terminus, and the city's distinctive ensemble of Victorian and Art Deco buildings.

Ahmedabad Metropolis in Gujarat, India

Ahmedabad ( is the largest city and former capital of the Indian state of Gujarat. It is the administrative headquarter of the Ahmadabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,633,927 makes it the fifth most populous city in India, and the encompassing urban agglomeration population estimated at 6,357,693 is the seventh most populous in India. Ahmadabad is located on the banks of the Sabarmati River, 30 km from the state capital Gandhinagar, which is its twin city.

Electronic ticket digital ticket

An electronic ticket is the digital ticket equivalent of a paper ticket. The term is most commonly associated with airline issued tickets. Electronic ticketing for urban or rail public transport is usually referred to as travel card or transit pass. It is also used in ticketing in the entertainment industry.

He announced the introduction of a new rail-flaw detection system to better investigate the causes of accidents. The budget allocated a significant sum to the construction of bridges at unmanned crossings, a major cause of rail-track deaths. He announced a new project to introduce automatic closing doors on mainline and suburban trains, and said wi-fi will be provided in larger stations and select trains. Workstations will be available for on-board use for a fee by business travelers. The e-ticketing system will be extended from booking tickets to booking coaches and entire trains, and also retiring rooms in stations. Electric mobility carts will be provided to elderly and handicapped passengers at all major stations. Also, Railway Protection Force will recruit four thousand female constables and escorted carriages will be provided for women. A significant amount was announced for improving rail connectivity in north-east India. [2] [3]

Workstation high-end computer designed for technical or scientific applications

A workstation is a special computer designed for technical or scientific applications. Intended primarily to be used by one person at a time, they are commonly connected to a local area network and run multi-user operating systems. The term workstation has also been used loosely to refer to everything from a mainframe computer terminal to a PC connected to a network, but the most common form refers to the group of hardware offered by several current and defunct companies such as Sun Microsystems, Silicon Graphics, Apollo Computer, DEC, HP, NeXT and IBM which opened the door for the 3D graphics animation revolution of the late 1990s.

Railway Protection Force security force of India entrusted with protecting railway passengers, passenger area and railway property of the Indian Railways

The Railway Protection Force (RPF) is a security force, established by an act of Railway Protection Force Act, 1957 ; enacted by the Indian Parliament "for the better protection and security of railway property" as defined by the above act. This entails, that the members of RPF have a primary directive:

Gowda emphasized use of public-private partnerships (PPPs) to fund future projects. He also said he will ask the Cabinet to approve foreign direct investment (FDI) in Indian Railways. Some stations are to be improved using PPPs. [2] [3]

Responses

Manish R. Sharma, executive director of capital projects and infrastructure at PricewaterhouseCoopers, pointed out the budget didn't contain any information on how the government intends to attract private investors. Deven Choksey, managing director at K. R. Choksey securities, said the government now seemed to be more inclined towards PPPs than before. India's stock index SENSEX dropped and closed 2% below opening. Investors were observed selling shares in energy, infrastructure, and real estate sectors. [4] [5]

PricewaterhouseCoopers professional services networks

PricewaterhouseCoopers is a multinational professional services network headquartered in London, United Kingdom. PwC ranks as the second largest professional services firm in the world behind Deloitte, and is one of the Big Four auditors, along with Deloitte, EY and KPMG.

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References

  1. ↑ "Railway Budget 2014-15: Highlights". The Hindu . 8 July 2014. Retrieved 20 November 2014.
  2. 1 2 3 4 "Rail Budget: Private sector, foreign investors get ticket to ride on Modi's bullet train". The Times of India . 9 July 2014. Retrieved 27 February 2015.
  3. 1 2 3 4 "Rail Budget 2014: Foreign Direct Investment to fuel Modi train". Deccan Chronicle . 9 July 2014. Retrieved 27 February 2015.
  4. ↑ "Markets derailed". Business Standard . 9 July 2014. Retrieved 27 February 2015.
  5. ↑ "India says private funds will help rail system, but gives no details". Reuters . 8 July 2014. Retrieved 27 February 2015.

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