Railway Budget 2012-13 - Highest Ever Plan Outlay of Rs.60,000 crore for Railways

The Railway Budget presented by Minister of Railways Shri Dinesh Trivedi in Parliament today sought to raise investment in modernization and upgradation of rail infrastructure. It gives very high priority to rail safety and security. Passenger fares have been increased marginally.

Presenting the Railway Budget 2012-13 in Parliament today, Shri Trivedi proposed a Budget with highest ever plan outlay of Rs. 60,100 crore which provides Rs. 6,872 crore for new railway lines and significant funds for passengers safety, security and amenities.

In this Budget, the Railway Minister has focused on five important fields, which are: Safety; Consolidation; Decongestion & Capacity Augmentation; Modernization; and to bring down the Operating Ratio from 95% to 84.9% in 2012-13.

Proposing highest ever plan outlay for the Railway Budget, the Railway Minister said that it will be financed through Gross Budgetary Support (GBS) of Rs 24,000 crore; Railway Safety Fund of Rs 2,000 crore; internal resources of Rs 18,050 crore; and Extra Budgetary Resources of Rs 16,050 crore, which includes market borrowing of Rs 15,000 crore through IRFC.

Source : Equity Bulls

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