first_img“We need to look beyond the current approach to expand “We need to look beyond the current approach to expand the basket (of freight commodities). We will make sure we recapture the traffic,” Prabhu said adding railways need to “reorganise, restructure and rejuvenate.” The three new superfast trains announced by him include Humsafar which will be a fully air-conditioned 3AC service with option of meals. Tejas will showcase the future of train travel in India with speeds up to 130 km per hour with onboard services such as entertainment, local cuisine and wifi. The two trains will ensure cost recovery through tariff and non-tariff measures while Uday will be an overnight double-decker along with Utkrishit double-decker air-conditioned yatri express on the busiest routes. For improving quality of travel for unreserved passenger, a superfast Antyodya express service would be introduced. Deen Dayalu unreserved coaches with portable water and higher number of mobile charging points would also be introduced. He also announced setting up of a Rail Development Authority to enable fair pricing of services, promote competition, protect customer interest and determine efficiency standards. The draft Bill in this regard will be ready after holding extensive stakeholder consultations. India Railways have a saving of Rs 8,720 crore from previous budget estimates, Prabhu said. This year, “we hope to generate revenues to the order of Rs 1,84,820 crores.” The focus will be on capital expenditure with a mix of various sources of funding in order to ensure the projects are given assured funding. “Dignity of passengers, speed of trains and progress of nation are main themes of this budget,” he added. Reorganize, Restructure and Rejuvenate are the three pillars of the Rail Budget. MORE PTI TEAM ANZ VSCadvertisementlast_img

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