Railway Minister Suresh Prabhu Presents the Rail Budget 2015

Railway Minister Suresh Prabhu Presents the Rail Budget 2015

1) No increase in Rail fares

2) Mumbai mai AC local Train chalaye Jayengi

Ticket Booking 120 din Pehle hongi

3) Unreserved ticket purchase made simplier through smart phones; debit cards

4) 17000 more toilets to be replaced by Bio-Toilets

5)120 crore provided for lifts and escalators to facilitate movements

6)Train ke travel time mai 20% Kami layee jayengee in 2 yrs

7)All India 24 X 7 helpline
Toll free
138  from 1/3/15 ;
182 for Security Complaint

8) SMS alert service about arrival and departure time

9) Wi-Fi will be installed at 400 Stn

10) Making efforts to get noise levels of locos to international standards
Moneycontrol Bureau
Live Market Commentary

12:58pm Railway Minister Suresh Prabhu says speed of 9 rail corridors will increase up to 160 km per hour. "Railway will make wagon-leasing scheme attractive for private players. Railway proposed to install train warning protection systems and also proposed to install train collision avoidance systems," he adds.

12:55pm Review of private freight terminal (PFT) schemes has been underway, says Prabhu, adding feasibility study for Mumbai-Ahmadabad hi-speed service is in advanced stage. "Railway will construct road overbridges for unmanned level crossings and will spend Rs 6,581 crore on level crossing safety."

12:53pm Railway is planning DFC feeder routes with help of private participation. "Focus will be to improve freight handling capacity. 750km of civil contracts will be awarded on DFC in FY16 and 1,300 km system contracts will be awarded on DFC in FY16," Prabhu says.

12:50pm The Sensex lost 156.49 points to 28851.50 and the Nifty declined 44.95 points to 8722.30. About 954 shares have advanced, 1565 shares declined, and 188 shares are unchanged on the BSE.

12:45pm Prabhu says 10 stations will be taken up for satellite stations. "We will to spend Rs 96,182 crore on capacity expansion in FY16. We are committed to providing rail connectivity to north east," he adds.

12:40pm Railway Minister Suresh Prabhu says newly manufactured coaches will be Braille-enabled. "We will be increasing number of advanced booking days to 120 days," he adds.

12:39pm Railway will have Wi-fi in all category A & B stations. "Senior citizens will be able to book wheelchairs online. More general class coaches will be added in select trains. Middle berth will be reserved for women & senior citizens. Railway provided Rs 120 crore for lifts, escalators at major stations."

12:37pm The Sensex shed 109.01 points to 28898.98 and the Nifty fell 30.65 points to 8736.60 amid Railway Budget Speech. About 1010 shares have advanced, 1489 shares declined, and 182 shares are unchanged on the BSE.

12:36pm Suresh Prabhu says Railway will move towards paperless ticketing. "We proposed integrated customer portal for passengers and proposed SMS alert services for train arrival, departure times. We will have Wi-fi in all category B stations. Phone charging facilities will be provided in trains," he adds.

12:33pm "We will have a 138 as a national helpline for railway-related issues and 182 will be toll number for security-related calls. Passengers without reservations can book tickets in 5 minutes. We will create a multilingual e-ticketing system," says Prabhu.

"We will issue unreserved tickets on smartphones via applications. Passengers will be able to book food options from IRCTC website," he adds..

12:30pm Prabhu proposed operating ratio of 88.5 percent for FY16 against 91.8 percent FY15. "We will have 11 areas of thrust for railways. We will have toilets in 650 stations; replace 17000 toilets. And will have a thrust for cleanliness in railways," he adds.

12:25pm There is no increase in passenger fares, says Suresh Prabhu.

12:23pm Railway Minister envisages Rs 8.5 lakh crore investment over five years.

12:20pm Railway will increase annual passenger capacity to 30 million from 21 million. "We will focus on adopting a medium-term perspective. We will increase annual freight capacity to 1.5 billion tonne from 1 billion tonne," says Prabhu.

12:18pm Railway Minister Prabhu says trains will become more punctual in next 5 years. "Focus will be on improving speed of railways and major focus will be on gauge conversion & electrification," he adds.

12:17pm Railway ministry will increase investment in railways to create more jobs.

12:15pm Investment in Railways will have a multiplier effect on economy. Priority to improve capacity on high density networks, he says.

12:13pm Railway Minister says Railway will play a major role in development of India. "Rail facilities have not improved much over last 2 decades," he adds.

12:10pm RBI deputy says: India is likely to meet the central bank's inflation target of 6 percent by January 2016, while economic growth is expected to gradually pick up, Reserve Bank of India Deputy Governor SS Mundra said.

"Inflation should be as indicated by Reserve Bank of India. By January 2016 it should be meeting with our glide path of 6 percent," Mundra told reporters on the sidelines of an industry event.

"Some global uncertainty will always be with us and the system should be prepared to deal with them."

India's consumer prices inflation accelerated to 5.11 percent in January, after shifting to a new base year for calculating prices, but stayed well below the central bank's target, bolstering prospects for further interest rate cuts.

12:00pm Market Check

The market remained under pressure today with the Sensex struggling at 29000 level ahead of Railway Budget. The index fell 66.82 points to 28941.17 and the Nifty declined 20.30 points to 8746.95.

Railway Minister Suresh Prabhu will present its Railway Budget 2015-16 in parliament today. ICICIdirect believes the Budget 2015-16 will focus on enhancing safety and services by driving better internal generation of resources (fare hike in June 2014 is a step in that direction).

"The hike in railway fares would provide a buffer to the Railway Minister through which he would be able to spend on better amenities for passengers and somewhat enhance IR capacity through capex to improve the operational efficiency of existing network," the report.

Titagarh Wagons, Kernex Microsystem and Container Corporation gained 1-3 percent while Kalindee Rail Nirman and Texmaco Rail declined.

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Railway Minister Suresh Prabhu Presents the Rail Budget 2015

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