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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

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Nilesh Soman
CFP - Keynotes Financial Opiniery

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