Tuesday 26 February 2013

Railway Budget 2013 Announced





*. No Direct increase in passenger fares, Surcharges Will Apply in two times of Year.
* Railways will absorb Rs 850 crore on account of no hike in passenger fare
*. Marginal increase in reservation charges, cancellation charge
*. Supplementary charges for superfast trains and tatkal booking 
* 26 new passenger trains to be launched and 67 express trains to be launched
*. 500-km new lines to be completed in 2013-14
*. Concessional fare for sports persons
*. 5 per cent average increase in freight
*. Diesel price hike added R 3,300 crore to fuelbill of Railways
*. Railways hopes to end 2013-14 with a balance of R 12,506 crore
*. 5.2 per cent growth in passenger traffic expected in 2013-14
*. Railways’ freight loading traffic scaled down by 100 million tonnes from 1025 million tonnes because of economic slowdown
*. Railways to set up a Debt Service Fund

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