The Railways Budget for 2015-16 has been presented in Parliament by the Honourable Union Minister for Railways, Suresh Prabhu, wherein the Government has proposed a five-year investment outlay of Rs 8.5 trillion.
This document gives a summary analysis of the Railway Budget.
The Railway Budget signifies the priority accorded to the development of the railways as an engine of India’s growth and development. The Operating Ratio (proportion of revenues that Railways spends on operations) has been targeted at 88.5% for 2015-16, which has been consistently above 90% for the past five years. According to Budget Estimates, Plan Outlay for 2015-16 has been proposed at Rs 1.1 trillion, an increase of 52% over 2014-15. The budget also described its plan to procure money from debt raised by new holding companies or by railways-owned companies.
The Minister also presented a White Paper on Indian Railways before tabling the Rail Budget and he is likely to release a vision 2030 document soon. These documents and the government’s bid to become more consumer-focused, both towards passengers and freight customers is being seen as a step away from politics and towards reform.
Indian Railway, Asia's second largest rail network, puts forward its budget annually. This presentation will provide an overview of Interim Rail Budget put forward by Mr Kharge.
Highlights: Indian Railway Budget 2014-15Jhunjhunwalas
#India's #RailBudget2014 : Highlights
First Railway Budget by Newly formed Government presented on 8th July 2014 Lok Sabha by Railway Minister Shri D V Sadanada Gowda.
#IndianRailways #RailBudget
The Cabinet Committee on Economic Affairs on Wednesday approved construction of six rail lines and a railway bridge at an estimated cost of Rs. 10,700 crore to cater to increased passenger and freight needs.
Indian Railway, Asia's second largest rail network, puts forward its budget annually. This presentation will provide an overview of Interim Rail Budget put forward by Mr Kharge.
Highlights: Indian Railway Budget 2014-15Jhunjhunwalas
#India's #RailBudget2014 : Highlights
First Railway Budget by Newly formed Government presented on 8th July 2014 Lok Sabha by Railway Minister Shri D V Sadanada Gowda.
#IndianRailways #RailBudget
The Cabinet Committee on Economic Affairs on Wednesday approved construction of six rail lines and a railway bridge at an estimated cost of Rs. 10,700 crore to cater to increased passenger and freight needs.
Expect saving of Rs 8,720 crore this year. Operating ratio at 92% FY17 as against 90% in current year. Traffic revenue target at Rs1.85 lakh crore.Capital plan of Rs 1.21 lakh crore.
A REPORT ON RAILWAY BUDGET -2016
What is railway budget?
Theme of the Budget
Vision
Investments and Resources
Financial Performance
Investments and Resources
Achievements of 2015-16
THE WAY TO IMPROVE
Customer interface
CAPACITY BUILDING FOR FUTURE THROUGH
FINANCIAL PERFORMANCE 2015
Budget estimation 2016-17
Full Speech of the Minister for Railways 2016-17News Nation
The Railway Budget for 2016-17 today spared passengers and goods movement from any increase in tariffs while it announced introduction of three new superfast trains and creation of dedicated north-south, east-west and east coast freight corridors by 2019.
Indian Railways has a total route network of about 64,600 kilometers (km) spread across 7,146 stations and operates more than 19,000 trains every day. Over 30 million passengers travel by trains on a daily basis in India and around 975.2 million tonnes (MT) of freight was transported via trains in FY12.
The revenues of Indian Railways are expected to expand at a compounded annual growth rate (CAGR) of 12.1 per cent during FY07-14. Freight is the major revenue earning segment for the railways, accounting for 70.6 per cent of the total revenues in FY12.
Passenger traffic went up by more than 15 times over FY1951-FY12. Increasing incomes, both urban and rural, have made rail travel affordable to a large number of Indians. Urban population in India increased from 17.3 per cent of the total population in 1951 to 31.2 per cent in 2011; this has led to increase in traffic between urban and rural areas in the country.
With rapid economic growth and increasing industrialisation, freight traffic is expected to grow at a CAGR of 7.6 per cent during FY12-17 to touch 1,405 million metric tonnes (MMT) by FY17. Indian Railways has set a target of having a freight market share of 50 per cent by 2030 from 30 per cent in 2010.
The Government of India is investing heavily in building rail infrastructure in the country and plans to invest US$ 153 billion during the 12th Five Year Plan.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
Expect saving of Rs 8,720 crore this year. Operating ratio at 92% FY17 as against 90% in current year. Traffic revenue target at Rs1.85 lakh crore.Capital plan of Rs 1.21 lakh crore.
A REPORT ON RAILWAY BUDGET -2016
What is railway budget?
Theme of the Budget
Vision
Investments and Resources
Financial Performance
Investments and Resources
Achievements of 2015-16
THE WAY TO IMPROVE
Customer interface
CAPACITY BUILDING FOR FUTURE THROUGH
FINANCIAL PERFORMANCE 2015
Budget estimation 2016-17
Full Speech of the Minister for Railways 2016-17News Nation
The Railway Budget for 2016-17 today spared passengers and goods movement from any increase in tariffs while it announced introduction of three new superfast trains and creation of dedicated north-south, east-west and east coast freight corridors by 2019.
Indian Railways has a total route network of about 64,600 kilometers (km) spread across 7,146 stations and operates more than 19,000 trains every day. Over 30 million passengers travel by trains on a daily basis in India and around 975.2 million tonnes (MT) of freight was transported via trains in FY12.
The revenues of Indian Railways are expected to expand at a compounded annual growth rate (CAGR) of 12.1 per cent during FY07-14. Freight is the major revenue earning segment for the railways, accounting for 70.6 per cent of the total revenues in FY12.
Passenger traffic went up by more than 15 times over FY1951-FY12. Increasing incomes, both urban and rural, have made rail travel affordable to a large number of Indians. Urban population in India increased from 17.3 per cent of the total population in 1951 to 31.2 per cent in 2011; this has led to increase in traffic between urban and rural areas in the country.
With rapid economic growth and increasing industrialisation, freight traffic is expected to grow at a CAGR of 7.6 per cent during FY12-17 to touch 1,405 million metric tonnes (MMT) by FY17. Indian Railways has set a target of having a freight market share of 50 per cent by 2030 from 30 per cent in 2010.
The Government of India is investing heavily in building rail infrastructure in the country and plans to invest US$ 153 billion during the 12th Five Year Plan.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
This is the hand book made by Jhansi Division of Indian Railways for the benefit of Railwaymen in particular to the staff involved in C&W maintenance. Excellent effort by the team.
The branch of Civil Engineering which deals with the design, construction and maintenance of the railway tracks for safe and efficient movements of trains is called Railway Engineering
BALLAST
RAILS
SLEEPERS
POINTS OF CROSSINGS
POINTS OF SWITCH
The rolled steel sections laid
end to end in two parallel lines
over sleepers to form a railway
track are known as RAILS The rails used in the construction of railway track can be divided into the following three types :
(1) Double Headed Rails (D.H. Rail)
(2) Flat Footed Rails (F.F. Rail)
(3) Bull Headed Rails (B.H. Rail)
Union Budget: Sector Highlights 2018-19 - Prepared by Edelman IndiaEdelmanIndiaPA
Highlights of key announcements made by Hon'ble Minister of Finance, Shri Arun Jaitley, during this year's Union Budget.
The sectors covered are:
1) Agriculture and Rural Development
2) Banking, Financial Services and Insurance
3) E-commerce and Retail
4) Energy
5) FMCG, Food & Beverages
6) Infrastructure and Housing
7) Manufacturing
8) Railways
9) Social Welfare
10) IT & Telecom
In cooperation with the Research and Evaluation Division of BRAC, Copenhagen Consensus Center organized roundtable discussions with an aim to figure out smarter solutions to the most problematic issues facing Bangladesh.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
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CLICK:- https://firstindia.co.in/
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Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
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In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
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1. Railway Budget
2015-16
Four Goals
To deliver a sustained
and measurable
improvement in
customer experience
To make the railways a
safer means of travel
To expand railway
capacity and modernise
infrastructure
To make the Indian
Railways financially
self-sustainable
Five Drivers
Adopting a
medium-term
perspective
A white paper
on the
railways
placed today,
a Vision-2030
document to
be released
soon
Building
partnerships
Align with
states, public
& private
sector to
access
funding and
technology
Leveraging
additional
resources
Investment of
Rs 8.5 lakh
crore in next
five years,
mobilised
from multiple
sources
Revamping
management
practices
Improved
accountability,
management
information
systems and
personnel
training
Setting
standards for
governance
and
transparency
Ten Focus Areas
Quality of Journeys
Station Redevelopment
• Budget for passenger amenities up by 67%
• New toilets covering 650 additional stations
• 17000 bio-toilets in coaches
• Built-in dustbin facility in non-AC coaches
• All India 24*7 helpline number 138 to be launched
• Toll free number 182 for women safety
• Unreserved ticket purchase through smart phones;
debit cards
• Online booking of retiring rooms & wheelchairs at
select stations
• 120 crore for lifts/escalators at major stations
• Open bid for interested parties for station
redevelopment
• Satellite terminals to decongest cities and provide
services to people in suburbs
Capacity Augmentation
• 84% higher capital allotment for modernization of
1200 kms of tracks at 8686 crore
• 2700% higher sanction for doubling/ tripling/
quadrupling track along with electrifications
• Evaluation studies for introduction of high speed trains
being undertaken
Safety
• Five year safety plan to enhance train safety
• Train protection warning system and train collision
avoidance system to be installed on select routes
• Over bridges and under passes for reducing number of
level crossings
• Development of audio visual warning systems for
unmanned level crossings in collaboration with ISRO
Technology Upgradation
• Innovation council to promote technology
development and manufacturing
• Railways research centres in select universities
• Bar codes/RFID for tracking parcel and freight wagons
• Upgradation of equipment for track examination
2. Partnerships for Development
• Focus on Public Private Partnerships (PPP)
• PPP cell in Railway Ministry to be made result oriented
• Projects for railway connectivity to many ports and
mines being developed
Ten Focus Areas
Improvement in Management Processes
• Improvement in management processes to further
delegate, de-centralise and de-regulate
• Expand paperless working in material management
system
• Improve existing appraisal mechanism for selection of
projects
• Identification of global benchmarks for key operating &
maintenance activities
Resource Mobilisation
• Tap long term funds such as insurance and pension
funds, multi-lateral and bi-lateral agencies, to finance
remunerative projects
• Launch projects worth 2500 crore through
BOT/annuity route
Human Resources
• Systematic human resources audit to be initiated
• Special training in soft skills for frontline staff
• To set up full-fledged university in 2015-16
Energy and Sustainability
• Setting up environment directorate for focus on
environment management
• Savings of 3000 crore through bidding process and
bilateral arrangement for power procurement
• 1000 MW solar plants funded by Ministry of New and
Renewable Energy to reduce dependence on fossil
fuels
What’s in it for Industry?
In his first Railway Budget speech Minister Suresh Prabhu
departed from the usual practice of announcing new trains and
instead focused on increasing long-term investments. The budget
is being seen as a statement of intent of the Modi government to
kickstart growth through higher public investment. The Minister
flagged the lack of adequate investments in railways leading to
bottlenecks in capacity augmentation. In order to make Indian
Railways the prime mover of the economy, he emphasised the
need for collaborating with foreign partners to gain access to
cutting-edge technology and finance. The Minister also
attempted to weave his budget around Prime Minister Modi’s
flagship projects like Digital India, Make in India, Skill India and
Swachch Bharat (Clean India). These measures will heavily depend
on the use of technology to improve passenger amenities,
increase safety and squeeze more efficiency from the
organizational behemoth.
Intent for reforms
In his erstwhile position as the Minister of Power during the
Vajpayee government, he was hailed for reforming the Power
sector. Keeping in mind these credentials, PM Modi brought in
the Minister with the precise mandate to reform the complex
Railway Ministry. The minister is also known to be pro-industry
and he is likely to leverage the private sector more extensively.
Public Private Partnership focus
For the private sector, the Minister announced that the PPP
(public-private partnership) cell of the Railways Ministry will be
revamped to make it more result oriented. JVs will be set up with
States for focused project development, resource mobilisation,
land acquisition, project implementation and monitoring of critical
rail projects. In order to meet the requirements of new lines, JVs
will also be set up with major public sector customers. The
government has announced its intention to interact with Industry
and take further steps to attract investment under PPP through
the BOT and Annuity routes.
Modernisation of the railways and infrastructure
The budget’s focus on modernisation is likely to cheer both the
consumer and the industry, especially the technology sector. The
private sector is likely to benefit from the government’s focus on
infrastructure improvement. The Budget has also proposed
constituting an innovation council called “Kayakalp” for business
re-engineering and introducing a spirit of innovation in Railways
besides setting up of Technology portal to invite innovative
technological solutions. The government is likely to invite
partnerships in activities like station improvements, wagon
purchases, catering, wi-fi, and logistics. Steel, power and infra-
related sectors are likely to be spurred by the intent to improve
freight corridors, track renewal, bridge works and electrification.
The increased focus on improving technology driven ticketing,
signalling, etc. is likely to benefit the IT sector.
Hike in Freight rates
While the budget intends to hike freight capacity to 1.5 billion
tonnes, the Minister has proposed to hike freight rates for 12
commodities in the range of 0.8 per cent to 10 per cent including
urea, cement, coal, iron and steel. The Railways Minister has also
raised the base freight rate by up to 10 per cent. These
announcements are likely to push up prices for commodities in
the near future as well as for cement, steel and power.
What comes next
The railway budget shall now require approval from parliament.
However, plans to reconfigure the Railway Board and to find
solutions to mobilise resources for big-ticket projects are already
under way.
Contact Edelman India Public Affairs
Peter Bellini
Associate Director & Head of Public Affairs
Peter.Bellini@Edelman.com
@EdelmanIndiaPA