Home > News > India News

Outlay of Rs. 63,363 cr proposed in Rail Budget

Posted on Feb 26, 03:42PM | IBNS

New Delhi, Feb 26 : An outlay Rs. 63,363 crore has been proposed for 2013-14 rail budget which will be financed through Gross Budgetary Support of Rs. 26,000 crore, Railway's Share in Road Safety Fund of Rs. 2,000 crore and internal resources of Rs. 14,260 crore.

Highlighting the importance of financially sustainability of Indian Railways for its efficient upkeep, operation and maintenance, Railway Minister Pawan Kumar Bansal said that we must be realistic in setting targets.

He said that during the year the Railways shall have to borrow Rs. 15,103 crore from market and shall have to mobilize Rs. 6,000 crore through Public Private Partnership (PPP) route for its operations proposed in the Budget.

Expecting more revenue through freight and passenger tariff, the Railway Minister said that freight earning is expected to Rs. 93,554 crore, 9% higher than the previous budget year. Similarly passengers tariff earning is expected to increase to Rs. 42,210 crore.

Bansal said that in view of expected growth of 11% and 10% in Other Coaching and Sundry earnings respectively, the Gross Tariff Receipts are expected to be Rs. 1,43,742 crore . While Ordinary Working Expenses for the year are expected to Rs. 96,500 crore.

He said that the appropriation to the Pension Fund is estimated to Rs. 22,000 crore and the appropriation to Depreciation Reserve Fund has been kept at Rs. 7,500 crore.

Bansal expressed the hope that Operating Ratio during the budget year will improve to 87.8% from the Revised Estimate of Rs. 88.8% and Railway would be able to close the financial year with the balance of Rs. 12,506 crore to Railway Funds.