Rail Budget: What's in it for you ?

15 things common man can cheer about "We are directing our efforts to make travel on Indian Railways a happy experience with a mix of various initiatives," said Prabhu. Freight rates to be hiked from April 1 Rates for coal transport will rise by 6.3%, while those for iron ore and steel will increase 0.8%. Charges for transport of urea and grains will also go up 10%. No increase in rail fares Prabhu said over the next five years, Railways envisage an investment of Rs 8.5 lakh crore for which a broad indicative investment plan has been prepared.

Featured Suresh Prabhu's 5-point execution strategy to transform Railways Talking about revamping management practices, Prabhu said that Indian Railways will speed up decision making and tighten accountability. read more

More Stories Rail Budget 2015: Highlights "We want to work on goals to deliver a sustained improvement in customer experience; make railways a safer means of travel," said Prabhu. 77 new railway projects worth Rs 96,182 crore sanctioned Stating that Railways will go through transformation in five years, Prabhu in his budget speech said, "We will increase track capacity by 10 per cent to 1.38 lakh km." Blog: A sound beginning but commercial transformation of the Railways remains a long way off The Modi government's first Rail budget is down to earth, rather than larger than life. At the same time, it has ambition, has a clear idea on how to reach that aim, avoids populist give-aways and grandiose projects. Blog: Suresh Prabhu's vision collides with reality The only obstacles to those visions are the harsh realities of Indian realpolitik and organisations. No new trains introduced by Suresh Prabhu "The review will be completed soon so that we can announce new trains and increase frequency in this session," Prabhu said in his maiden rail budget speech. Rs 8.5 lakh crore to be invested in Railways over 5 years Stating that his government can ensure the 're-birth of Indian Railways', Prabhu said, "I am convinced we can deliver. I believe we can ensure the rebirth of Indian Railways." Freight rate hike may push up commodity prices Minister of State for Railways, Manoj Sinha, said that there will not be any increase in urea prices for farmers. Rail Budget aims operating ratio of 88.5% in 2015-16 The operating ratio, a key measure of efficiency, was at 91.8 per cent in 2014-15 after touching a high of 93.6 per cent in the previous financial year. Suresh Prabhu outlines 4-point goal for Indian Railways Ahead of the Railway Budget, Suresh Prabhu had said that it will signal the direction of long-term reforms needed to revamp the world's fourth-largest rail network. Suresh Prabhu identifies nine thrust areas Rail Minister Suresh Prabhu also said that project delivery and resource mobilisation are key to ensuring better productivity of Railways.

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