Indian Railway Budget 2019

Indian Railway Budget 2019

Rail Budget of India was the Annual Financial Statement of the state-owned Indian Railways, which handles rail transport in India. It was presented every year by the Minister of Railways, representing the Ministry of Railways, in the Parliament.

The Railway Budget was presented every year, a few days before the Union budget, till 2016. Modi government on 21 September 2016 approved merger of the Rail and General budgets from next year, ending a 92-year-old practice of a separate budget for the nation’s largest transporter.

Enhanced Safety, Elimination of Level Crossings, New Initiatives In Track Maintenance

NL, GC and Doubling Commissioning : During 2004-14, average commissioning of 4.1 km per day (1496 km per year). 2014 to 18, average commissioning of 6.53 km per day (2382 km per year).

Expenditure:

Average Expenditure per year in New line/Gauge Conversion/Doubling Projects in 2009-14 was Rs 11,527cr.
Average Expenditure per year in New line/Gauge Conversion/Doubling Projects in 2014-18 is Rs 24,461 cr. which is 112% higher than average of 2009-2014.
Expenditure in first 7 months ( upto Oct.’18) is Rs 15,090 cr which is much more than the expenditure of whole year in the past.
Further, Budget allotment of Rs 34,835 cr (NL/GC/ DL) has been planned for 2018-19.

Make In India

Induction of semi-high speed Train-sets to European standard: ICF took up manufacturing of Semi High Speed (160 Kmph) Self Propelled Train-set with indigenous efforts, termed Train-18, with contemporary features as per global standards. The first trainset has been rolled out by ICF in October 2018 and will shortly be ready for service after testing & trials.

Railway Electrification

During year 2017-18, 4,087 RKM of BG routes have been commissioned on electric traction against target of 4,000 RKM. During previous (2016-17), achievement on electrification was 1,646 RKM, thereby increase of 148%. For period 2014-18, routes of 8,411 RKM have been commissioned on electric traction against 3,038 RKM commissioned during 2009-14, thereby increase of 177%. For the current financial year (2018-19) target for electrification has been set as 6,000 RKMs. Up to 15.12.18, 1,667 RKMs has been commissioned on electric traction in 2018-19. Achievement on electrification during corresponding period of 2017-18 was 1,648 RKM.