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Highlights of interim Rail Budget 2009-10
February 13, 2009
Review of financial performance during the year 2008-09
Freight loading target retained at 850 mt; number of passengers likely to grow by around 7% over previous year.
Implementation of recommendations of VI Central Pay Commission (CPC) likely to cost the Railways Rs 9,000 cr more on staff costs and Rs 4,500 cr more on pensionary charges as compared with previous year.
Hence, Ordinary Working Expenses (OWE) increased to Rs 55,000 cr in the R.E and the appropriation to Pension Fund to Rs 10,500 cr.
Appropriation to DRF retained at Rs 7,000 cr.
Dividend payable to General Revenues kept at Rs 4,711 cr.
Cash surplus before dividend projected at Rs 19,320 cr and the Operating Ratio at 88.3% despite implementation of the VI CPC.
Revised plan outlay kept at Rs 36,773 cr.
Performance review
The number of consequential accidents came down to 194 in 2007-08.
Agartala, the capital of the Tripura, connected by railway line. First train service in Kashmir valley commenced between Anantnag and Rajwansher. To be followed by Baramulla and Qazigund.
Successful trials completed for running electric locomotives with OHE at a height of about 7.5 mts in preparation for running double stack containers on electrified Western Dedicated Freight Corridor
Work on Eastern Dedicated Freight Corridor commenced near Dehri-on–Son on 10th February,2009. Work on Western DFC to commence this month.
Image: Passenger's geting down at Churchgate station in Mumbai. | Photograph: Arun Patil
Also read: Why India's top cities matter
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