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February 26, 2001                                       Feedback  

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Highlights of the Union Railway Budget 2001-2002

Following are the highlights of the Union Railway Budget 2001-2002 tabled in Parliament today:

  • No increases in passenger fares of any class or category of trains. Passenger traffic to grow by nine per cent, coaches by 8.8 per cent.
  • Freight rates go up by 3 per cent.
  • Essential commodities like sugar, salt, grains and pulses, edible oils, kerosene, fruits and vegetables, LPG have been exempted.
  • Freight rates for coal, iron and steel have been hiked by 2 per cent, while that on furnace oil to increase by one per cent.
  • No increase in rates of parcel and luggage.
  • This hike is likely to generate additional revenue of Rs 5 billion during fiscal 2001-02.
  • Items like newspaper, magazine and medicine to be exempted from any kind of hike.
  • Freight traffic target fixed at 500 million tonne during 2001-2002.
  • While concessional monthly seasonal ticket (MST) for people below poverty line will continue, concessions available to orthopaedically handicapped and paraplegic persons will be extended to visually and mentally handicapped.
  • Plans to raise Rs 10 billion through non-traditional sources, of which Rs 7 billion by way of leasing of 'right of No fresh new line project included in the budget.
  • Automatic teller machines (ATMs) to be used for ticketing at important stations.
  • way' of optic fibre cables, Rs 2 billion from commercial exploitation of land and Rs 1 billion through commercial publicity.
  • Gross traffic receipts estimated at Rs 394.39 billion in 2001-2002.
  • Net Railway revenue projected at Rs 16.83 billion.
  • Dividend to government estimated at Rs 23.52 billion in the next fiscal.
  • Pensionary liability to increase eight folds to Rs 58 billion during 2001-2002 from Rs 6.33 billion in the current financial year.
  • Total working expenses estimated at Rs 386.84 billion.
  • Passenger services between Petrapole in India and Benapole in Bangladesh likely to begin; goods traffic opened recently.
  • Surveys for 26 new lines to be taken up in 2001-2002.
  • 425 kms of rail track to be electrified in the next financial year.
  • 24 new trains including New Delhi-Raipur-Bilaspur weekly Rajdhani Express and New Delhi-Ranchi-Hatia weekly Rajdhani Express to be introduced.
  • Matribhumi Express trains to run during peak seasons on seven routes including Delhi-Jammu, Howrah-Delhi, Bombay-Gorakhpur, Hyderabad-Bangalore and Bombay-Varanasi.
  • To reduce congestion on ticket counters, propose to use Internet kiosks for ticketing.
  • Marginal increases of 2 per cent in coal, iron and steel and 1 per cent in furnace oil are proposed. However, there will be no increase in the rates of coal for household consumption.
  • Furnace Oil will be suitably reclassified.
  • Freight rates of all other commodities, except above are proposed to be increased by 3 per cent.
  • Congestion premium: Developmental charges to be levied on certain routes which are heavily congested to movement of additional freight traffic.
  • Annual plan of 2001-2002 kept at Rs 110.90 billion.
  • Budgetary support at Rs 35.40 billion; market borrowings placed at Rs 40 billion and Rs 35.50 billion to be met through a combination of internal accruals, non-traditional revenues and contribution from General Revenues for Railway Safety Works.
  • Allocation for new lines increased to Rs 10.15 billion during 2001-2002.
  • Changes in rates and classifications to be effective from April 1, 2001.


The Railway Budget 2001-2002
The Budget 2001-2002 Special
The Y2K Railway Budget

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