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You are here : IndiaNotes >> Research & Analysis >> Economy Watch >> Budgets

Railway Budget 2012-13: The Minister bites the bullet

Reliance Securities | Published: 15 Mar, 2012  | Source : ValueNotes.com | Follow Author | Add to my Favourites


Key Points:

12th Plan highlights (2012-17)


- Proposed an investment of Rs7.35 lakh crore for the 12th Plan vis-à-vis Rs1.92 lakh crore made during the 11th Plan

- Additional funding assistance required under the Pradhan Mantri Rail Vikas Yojna assessed at Rs5 lakh crore

- Broad aim of increasing railways’ contribution to GDP from less than 1% currently to 2.5%

- Bring down the operating ratio from 95% to 84.9% in FY2013 and to 74% by 2017

Budget Estimates (2012-13)

- Increased the loading target from the revised 970 MT for FY2012 to 1 025 MT for FY2013 to 1,025

- Freight earnings target for FY2013 at Rs89,339cr, up 30.2% yoy

- Passengers increase target for FY2013 at 5.4% yoy

- Passenger earnings target for FY2013 at Rs36,073cr, up 25.3% yoy

- Gross Traffic Receipts target for FY2013 at Rs1,32,552cr, up 27.6% yoy

- Ordinary Working Expenses for FY2013 at Rs84,400cr, up 11.6%

Passenger Fares

- 50% concession in fare in AC2, AC3, Chair Car and Sleeper Class to patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’

- Passenger fares increased by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC3 tier and First Class; 15 paise per km for AC2 tier and 30 paise per km for AC1

- Minimum fare and platform tickets to cost Rs5

  Read full report Click here to read the full report

About Reliance Securities

Reliance Securities comes from the house of Reliance Capital, one of India’s leading & prominent financial houses. Founded in 1986, Reliance Capital has come a long way from being into steady annuity yielding businesses such as leasing, bill discounting, and inter-corporate deposits to diversifying its activities in the areas of asset management and mutual fund; life and general insurance; consumer finance and industrial finance; stock broking; depository services; private equity and proprietary investments; exchanges, asset reconstruction; distribution of financial products and other activities in financial services.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 



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