Live: Rail Budget 2015

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Suresh Prabhu proposes no increase in passenger fares

ALSO READ: 10 facts why India has a separate Rail Budget

Prabhu proposed no increase in passenger fares. The government had hiked passenger fare by 14.2 per cent and fright price by 6.5 per cent before the Budget last year.

ALSO READ: Economy class train ‘Bharat Gaurav' to be announced

Below are the live updates of the Rail Budget:

• 'Take up 1 idea, make that idea of life-think of it, dream of it, live on that idea' with these words Suresh Prabhu concludes his Rail Budget 2015 speech
• We will fulfill PM's vision for Railways, 'Ek Bharat Shrestha Bharat': Suresh Prabhu
• Skill development and self employment to be encouraged on Konkan Ralways model: Suresh Prabhu
• A mechanism for making regulations, setting performance standards and tariffs to be setup: Suresh Prabhu
• Investment in Indian Railways is an investment in our future, sustainability and posterity: Suresh Prabhu
• 100 DEMUs to be converted to dual fuels
• Land and on Railways Building at own cost: Suresh Prabhu
• Corruption at all levels is affecting common man, we are working on solution to address this menace: Suresh Prabhu
• We have launched a mission for water conservation, expansion of water harvesting systems will continue: Suresh Prabhu
• Full fledged university during 2015-16
• We have set up an environment directive in Railway Board: Suresh Prabhu
• We are launching a coastal connectivity programme this year. Rs 2000 cr for Coastal Connectivity Program; Rs 2500 cr through BOT/Annuity route. 1000 MWSolar plant; 100DEMUs to dual fuel: Suresh Prabhu: Suresh Prabhu
• Encroachment on Railway land a serious issue, digitized mapping of land has been initiated to counter this: Suresh Prabhu
• We will monetize our assets rather than selling them: Suresh Prabhu
• Plan size increased by 52%; 41.6% GBS; 17.8% internal generation: Suresh Prabhu
• We propose to get a system audit conducted for all Railways in next 2 months: Suresh Prabhu
• Process & procedures simplified to prevent delays; internal audit of Railway systems
• Decentralise, deregulate and delegate to make freight business simpler
• We propose to launch foreign Rail technology cooperation scheme: Suresh Prabhu
• Joint venture with major public sector companies for meeting requirements of new lines
• Framework to facilitate pvt investment has been readied; MUTP-III, joint venture with states, PSUs
• Malaviya Chair at IIT/BHU for Railway technology
• ‘Kayakalp' to help in Technology Upgradation
• We intend to introduce technology portal to invite innovative technological solutions: Suresh Prabhu
• I offer my deepest condolences to families of all accident victims and railway personnel who lost their lives: Suresh Prabhu
• To prevent fire in coaches,we'll install train protection warning system and train collision avoiding system: Suresh Prabhu
• Rs 6,750 crore allocated for eliminating 3438 level crossings; 970 road-underbridge and road-overbridge to be constructed
• Feasibility report of high speed train between Mumbai and Ahmedabad expected by mid-2015
• Four dedicated freight corridors to be completed this year; 6608 kms of track to be electrified
• Projects worth Rs 96,182 crore to expand capacity of 9,420 km rail lines
• Rail-cum-road ticket to be extended to many stations; more trains to be added under scheme for ordering food while booking tickets
• A new helpline number 182 for passengers to provide urgent help in case they face any danger
• Railway helpline number 138 will become operational 24x7
• Safety is of paramount importance: Suresh Prabhu
• For high-speed trains on other routes on the diamond quadrilateral studies being commisioned, are working on it
• The transformation of Railways have huge opportunities for 'Make In India' campaign: Suresh Prabhu
• The average speed of freight trains both in empty and filled condition will be enhanced
• Construction of long loop lines will be expedited
• Speedier Railway - 9 hi-speed corridors, high speed trains
• The advance booking period for train tickets will be four months
• Private freight terminals reviewing of WLS, SFTO, PFT schemes under process; automatic freight rebate system launched and to be expanded
• State of the art perishable cargo center under completion for farmers
• 1330 pc increase in railway electrification over previous year
• Railway connectivity for North Eastern State and J&K - ongoing process major thrust
• Debottlenecking – traffic facility works - 100 pc more funds allocated