Share Market Rejects Rail Budget

Indian share markets have rejectted the rail budget presented by Mamta Banerjee for the year
2010-11. The market was expecting that the government would double its order for railway
wagons this year to around 40,000, to be executed by companies such as Texmaco and Kalindee
Rail Nirman. The sentiment turned negative as Railway Minister Mamta Banerjee kept the order
for new railway wagons static at last year’s level of 18,000. The share prices of companies
catering to the railways, which had witnessed a sharp rise during the past couple of weeks, fell
sharply after the railway budget failed to meet market expectations.

Large number of new trains

In view of the increasing demand, Railway Minister Mamata Banerjee has announced a large
number of long distance new trains and everal suburban trains. As many as 52 new long-distance
trains have been proposed in addition to 16 trains that are to be run on the routes having places
of tourist importance, and six new non-stop t'Durantos', introduced last year. Besides, four more
new Duranto trains would run during the day time.

Railways strives for sports

Railway Minister Mamata Banerjee announced that Railways are the proud recipient of first
Rashtriya Khel Protsahan Puraskar. Continuing the good work, she announced that five sports
academies will be set up at at Delhi, Secunderabad, Chennai, Kolkata and Mumbai. Along with
this some other major steps include astro-turf to be provided at more places for hockey, lead
partnership of railways at Common Wealth Games and run of an exhibition train for
Commonwealth games.

Indian Railways to introduce double-decker trains

Railway Minister Mamata Banerjee announced that to keep pace with modernization, the Indian
Railways would introduce double-decker train-sets as a pilot project. Presenting the Railway
Budget for the year 2010-2011 in the parliament, Mamata said "Double-decker train-sets
matching the best in global standards will be introduced in two trains each from Delhi and Kolkata
as a pilot project."

Flurry of concessions in Rail Budget

Railway Minister Mamata Banerjee announced a series of concessions including carriage of
foodgrains, kerosene and fertiliser. There would be a reduction of Rs 100 per wagon in freight
charges for these products.
Concessions for technicians of the regional film industry includes 75 per cent concession in
second class sleeper and 50 per cent in higher classes in all trains while travelling for film
production-related work.
Cancer patients travelling for treatment would get 100 per cent concession in third AC and
sleeper classes.
There will be a reduction in Service charges on e-tickets reduced to Rs 10 for sleeper class and
Rs 20 for AC classes from Rs 15 and Rs 40, respectively.
The benefit of 50 per cent concession to the spouse of accredited journalists has been extended
to the companions of those who do not have a spouse. Their dependent children of up to 18
years of age would also get 50 per cent concession once a year.

No hike in fares, freight tariff

Union railway minister Mamta Banerjee announced no hikes in passenger fares and freight tariff.
TReiterating the Government's commitment to provide efficient railway network within the reach
of common man, Mamata said that there would be a cut in service charges on sleeper class and
AC class fares, which has been cut to Rs 10 and Rs 20...............
Presenting the Union Rail Budget 2010, Mamata Banerjee put an end on all speculations
regarding privatisation of Indian railways

# No hike in passenger fares

# Relief for cancer patients in sleeper class
# Press concessions extended to family and dependents upto 20 years
# Concessions for film industry, technicians
# Railways to employ ex-servicemen for railway security
# National High Speed rail authority to be set up
# Bharat Teerth train in memory of Tagore to connect 16 destinations in India
# FY11 total gross earnings Rs 88,281 Crs
# Karma Bhoomi trains introduced for unorganised sector workers
# Metro Railway to be expanded in Kolkata on priority
# Rs 4,411 cr allocated for new rail lines
# No forcible acquisition of land, one member of land losing family to get a job
# Rail link to Bangladesh proposed
# Railways to borrow Rs 9120 Crs this fiscal
# FY11 working spend Rs 87100 Crs
# 54 new trains to be introduced in FY11
# FY11 Gross Budgetary Support Rs 15,800 Crs
# FY11 dividend liability Rs 6600 Crs
# FY11 Plan Outlay at Rs 41,426 Crs
# Tourist trains to be launched on 16 routes
# Pension appropriation to account for Rs. 14,500 Crs
# Funding for Metro Rail projects increased by 55%.........

# FY11 Gross traffic receipts Rs 94,800 Crs

# Impact of 6th Pay Commission at Rs 55,000 Crs
# Non-core business revenue estimated at Rs 1000 Crs
# Double-decker trains to be launched on pilot basis
# Have save Rs 2000 Crs because of austerity drive
# To start door to door service for freight movement
# Premium Tatkal sevice for parcel, freight movements
# Dedicated passenger corridors planned
# 10 more Duronto trains to be introduced
# Freight on food grain and kerosene cut by Rs 100 per wagon
# Railways profit at Rs 1328 Crs
# Routes of 21 trains to be extended
# Railway exam fees to be withdrawn for minorities, women and OBCs
# Private operators can run special freight trains
# Dividend to exchequer at Rs 6608 Crs
# 2 freight corridors planned in Maharashtra
# 5 wagon factories planned
# 101 new suburban trains for Mumbai
# Service charge on sleeper class cut to Rs.10