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Railway
Budget 2001-02 Highlights
Highlights
of the Union Railway Budget 2001-2002 tabled in Parliament
on Monday
 No
increase in passenger fares.
- Freight hike to generate additional revenue of Rs
500 crore during fiscal 2001-02. Freight traffic
target fixed at 500 million tonne during 2001-2002.
The changes in rates and classifications will be
effective from April 1 this year.
- Freight rates go up by 3 per cent (excepting
essential commodities and a few select items).
- No increase in freight rates for essential
commodities like sugar, salt, grains and pulses,
edible oils, kerosene, fruits and vegetables, LPG
- 2 per cent increase in freight rates for coal and
iron and steel
- Freight on furnace oil to increase by 1 per cent
- No increase in rates of parcel and luggage
- Concessional monthly seasonal ticket for people
below poverty line to continue
- Concessions that are available to orthopaedically
handicapped and paraplegic persons are to be extended
to visually handicapped and mentally handicapped
- Plans to raise Rs 1,000 crore through
non-traditional sources, of which Rs 700 crore by way
of leasing of 'right of way' of optic fibre cables, Rs
200 crore from commercial exploitation of land and Rs
100 crore through commercial publicity
- Passenger traffic to grow by 9 per cent, coaching by
8.8 per cent
- Gross traffic receipts estimated at Rs 39,439 crore
in 2001-2002
- Total working expenses estimated at Rs 38,684 crore
- Net railway revenue projected at Rs 1,683 crore
- Dividend to government estimated at Rs 2,352 crore
in the next fiscal year
- Pensionary liability to increase eightfold from Rs
633 crore in the current financial year to Rs 5,800
crore during 2001-2002.
- Surveys for 26 new lines to be taken up in 2001-2002
- Passenger services between Petrapole in India and
Benapole in Bangladesh likely to begin. (goods traffic
opened recently)
- 425 kms of rail track to be electrified in the next
financial year
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