Key Highlights of the Indian Railway Budget
Indian Railway Minister Mamata Banerjee presented the second Railway Budget for the financial year 2011 in Parliament on 24th February, 2010. Banerjee promised to introduce a 10-year plan "Vision 2020" and also chalked out an ambitious plan with an aim to raise Rs 10,000-20,000 crore in FY11.
Key highlights:
- To come out with a 10-year plan 'Vision 2020'
- Limited funds available constraint for line addition
- See 890 million tonne freight loading during FY10
- To beat FY10 freight target by 8 million tonne
- FY10 revised estimate on gross earning at Rs 88,200 crore
- Rs 6,490 crore net revenue revised estimate for FY10
- Non-core business revenue seen at Rs 1,000 crore
- Impact of 6th Pay Commission at Rs 55,000 crore
- Plan to raise Rs 10,000-20,000 crore in FY11
- FY11 freight loading aim at 944 million tonne
- FY11 gross traffic receipts at Rs 94,800 crore
- FY11 plan outlay seen at Rs 41,426 crore
- FY11 working spend seen at Rs 87,100 crore
- See FY11 dividend liability at Rs 6,600 crore
- FY11 operating ratio seen at 93.2%
- FY11 new line allocation cost at Rs 4,400 crore
- FY11 gross budgetary support seen at Rs 15,800 crore
- To borrow Rs 9,120 crore this fiscal
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