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Wednesday, July 9, 2014



Wednesday, July 9, 2014



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Here are the main Highlights of Railway Budget 2014-15 presented by Union Railway minister Sadananda Gowda in Lok Sabha today(08 July 2014) at 12.00Hrs.

* Rail budget seeks course correction, avoids populism
* No increase in rail fare
* Stress on resource mobilization through PSU surplus, FDI and PPP
* Bullet train on Ahmedabad-Mumbai corridor proposed, Speed of trains to be increased in nine sectors
* More thrust on passenger amenities, cleanliness & efficient station management
* Multi pronged approach for improving safety & security, 4000 women RPF constables to be recruited
* Revamping railway reservation system into next generation e-ticketing, Wi-fi services in major stations & in select trains, mobile based wakeup calls for passengers
* 58 new trains introduced; 11 existing trains extended
* Railway university and innovation incubation centre to be set up
* Top priority to transparency, e-procurement to be made
* Compulsory in higher purchase, online registration for wagons in next two months
* Highest ever plan outlay of ­ 65,445 crore with higher allocation for safety measures
Railway Reservation System will be revamped into Next Generation e-Ticketing System. Ticket booking through mobile phones and through Post Offices will be popularized. 


Full Highlights (English): Click Here
Full Highlights (Hindi): Click Here
Full Railway Budget English : Click Here
Full Railway Budget Hindi : Click Here

Postal Services beat revenue target third year in a row
                                                       

http://articles.economictimes.indiatimes.com/images/pixel.gif
http://articles.economictimes.indiatimes.com/images/pixel.gif
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NEW DELHI: Postal Services in the country has beaten its revenue target three years in a row, exceeding the target by 9.5 per cent in fiscal 2013-14, Parliament was informed today. 
The
 government had set a revenue target of Rs 7,522.02 crore for the Postal Services in 2011-12, while the Department registered revenue of Rs 7,899.40 crore.
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"The revenue generation of Postal Services is increasing every year and the targets for each coming year are raised by the Government," Minister of Communications and IT Ravi Shankar Prasad today said in a written reply to the Lok Sabha.
In the year 2012-13, the revenue stood at Rs 9,366.50 crore against a target of Rs 8,762.75 crore, he added.
In 2013-14, the revenue stood at Rs 10,720.94 crore as against the target of Rs 9,787.52 crore, he said.
Responding to a separate query, the Minister said 1,735 post offices were modernised under Project Arrowagainst the target of 1,759 post offices during the 11th Plan.
"During the 12th Plan, 2,500 post offices are proposed to be modernised under Project Arrow with an outlay of Rs 284 crore," Prasad said.
During the first two years of the 12th Plan, 880 post offices have been modernised and so far, 2,615 post offices have been modernised under the 11th and 12th Plan, he added.

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