Railway Budget for 2010

Railway Budget 2010 Outcome :


We won't privatise railways: Mamata Banerjee.
Will concentrate on Infrastructural activities.
Railway minister Ms.Mamata Banerjee appeals to business houses to join hands for building partnership with Railways.
Presenting Railway Budget for 2010-11, Ms.Banerjee says a special task force will be set up for early clearance of projects.
Railways not to be privatised; It will remain with the government, said Ms.Banerjee. While not privatising, railways have to develop business models for improving earnings, she added.
Railways '2020 vision' document will contain short, medium and long-term goals.
Commitments fulfilled to the maximum. Out of 120 trains announced in last budget, only three remain to be flagged off because of lack of broad-gauge lines, said Ms.Banerjee.
She said the government plans to launch a pilot project for fire detection. It plans to construct more underpasses for safety, the minister said while presenting the railway budget.


Railways to start six water bottling plants in places like Ambala, Thiruvananthapuram, Farakka, Amethi and Nasik to provide clean and cheap drinking water to passengers.
Plans to add 25,000 route kilometers by 2020, The railways currently has 64,015 route kilometers, she said.
India's railways has set up a special task force to clear investment proposals in 100 days.
No hike in freight tariff.
Points :
 To extend railway insurance schemes to platform vendors.
Service charge on sleeper class cut to Rs 10
To run 101 suburban trains in Mumbai
To acquire 80000 new wagons
To introduce 54 new trains in FY11
Ex-servicemen to be employed in Railway Protection Force
Special task force for clearing investment proposals in 100 days
Pvt operators can run freight trains.
Modern toilets at railway stations.
To set up design unit in Bangalore.
Acquisition of cutting edge safety technology.
Net profit of Rs.1328 Cr in last financial year.
Special drive to increase passenger amenities.
To introduce modified wagons sheme.
Freight cut on kerosene.
To set up 10 auto-ancillary units.
Plan outlay for FY11 at Rs 41426 cr.
To launch 10 more Duranto trains.
To ink pact with Japanese co for western freight corridor next month.
Upgradation of 94 stations.
Freight corridor for Andhra Pradesh and Maharashtra.
Security of women passengers to be improved.
Planning to start dedicated passenger corridors.
Job in Railways for land surrenders.
Construction of more underpasses, besides road overbridges.
Special train for Commonwealth Games.
Pilot project for fire detection.
Funding for metro rail project increased by 5%


More ticketing centres to help the public.
Gross earning exceeded Rs 88,000 cr.
FY11 freight target set at 944 mn tonnes.
Pension fund at Rs 14,500 cr for FY11.
Metro transportation raised by 55%.
Will start Wagon workshop at Badnera near Amravati(MH).
IRFC to borrow Rs 91.2 bn from market in FY2010-11.
Railways to increase earnings from non core areas : The government aims to increase non core earnings to 10 billion rupees from 1.5 billion rupees.
New 101 Local Trains for Mumbai.New 32 local trains for Thane,Kasara,Kalyan,Khopoli.
New Railway track : Dhule(MH)-Amalner(MH)., Jalna-Khamgaon,Ramtek-Sivni,
Survey for Nasik-Dahanu Road Track,Desaiganj-Gadchiroli,Garhchandur-Alidabad,Belgaon-Savantwadi.


Daily train for Ahmedabad-Pune, Ahmedabad-Mumbai.
Kachiguda-Nanded express will be extended upto Akola.
Special Train in West Bengal in the memories of Rabindranath Tagore on his 150th Birth Anniversary.
Will start new train to connect Banglades.New local train for ladies on Thane-Nerul-Panvel track.
Will plan Double track for Daund-Manmad.
MUTP 1 will be completed at the end of this year.
New Trains announced : Mumbai-Darrbhanga and Mumbai-Guwahati, Mumbai-Pune-Tirupathi-Kanchipuram, Kanyakumari-Pune, Pune-Jaipur, Sultanpur-Mumbai(Duranto Express), Tirupati-Secunderabad, Pune-Haridwar, Bhuwaneshwar-Pune, Kolhapur-Solapur, Kolhapur-Hyderabad, Mumba-Shirdi Intercity, Miraj-Pandharpur passenger
Cancer patients will travel through A/c or Non A/c for free.
E-Ticket will become cheaper.
Disclaimer : This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.E&OE.


Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000