Rs 94,765 crore Gross Traffic Receipts, Rs 87,100 crore Working Expenses Projected for 2010-11
HIGHEST EVER PLAN INVESTMENT OF RS. 41,426 CRORE IN THE ANNUAL PLAN OUTLAY
RAILWAY BUDGET 2010-11
The Annual Plan outlay for the year 2010-11 has been proposed at Rs. 41,426 crore, which is the highest even plan investment. Presenting the Railway Budget for the year 2010-11 in the Lok Sabha today, the Minister of Railways, Kumari Mamata Banerjee said that the plan would be finance through Gross Budgetary Support of Rs.15,875 crore, Diesel Cess of Rs. 877 crore, internal resources of Rs. 14,523 crore and Extra Budgetary Resources (EBR) of Rs. 10,151 crore including market borrowing through Indian Railway Finance Corporation (IRFC) of Rs. 9,120 crore.
The Railway Minister said that within the limited resources available, thrust is being given to expansion of the network. She said that to achieve the target of 1,000 kms of new line set for year, the allocation has been increased substantially from Rs. 2,848 crore to Rs. 4,411 crore. Kumari Mamata Banerjee made an allocation of Rs. 1,302 crore for improving passenger amenities as compared to Rs. 923 crore in the previous Railway Budget.
Presenting the Budget Estimates for 2010-11, the Railway Minister said that the target for freight loading for the ensuing financial year has been kept at 944 MT, an increase of 54 MT over RE 2009-10. She said that Budget Estimates for freight, passenger, sundry other earnings and other coaching earnings have been kept at Rs. 62,489 crore, Rs. 26,127 crore, Rs. 3,171 crore and Rs. 2,778 crore respectively. A sum of Rs. 200 crore has been kept apart for clearing the outstanding dues of the Railways with an intention to initiate special efforts to clear such dues. The Gross Traffic Receipts have been projected at Rs. 94,765 crore by the Railway Miister.
The provision for Ordinary Working Expenses for 2010-11 has been kept at Rs. 65,000 crore which is Rs. 500 crore lower than the Revised Estimates for the previous year. Appropriation to Depreciation Reserve Fund has been kept at Rs. 7,600 crore and Appropriation to Pension Fund at Rs. 14,500 crore in 2010-11. The Total Working Expenses will be Rs. 87,100 crore and Net Revenue Rs. 9,782 crore.
After meeting the estimated Dividend liability of Rs. 6,609 crore, the projected ‘Excess’ is Rs. 3,173 crore with the targeted Operating Ratio of 92.3% and the Excess is proposed to be appropriated to Development Fund (Rs. 2,800 crore) and Capital Fund (Rs. 373 crore).
HIGHEST EVER PLAN INVESTMENT OF RS. 41,426 CRORE IN THE ANNUAL PLAN OUTLAY
RAILWAY BUDGET 2010-11
The Annual Plan outlay for the year 2010-11 has been proposed at Rs. 41,426 crore, which is the highest even plan investment. Presenting the Railway Budget for the year 2010-11 in the Lok Sabha today, the Minister of Railways, Kumari Mamata Banerjee said that the plan would be finance through Gross Budgetary Support of Rs.15,875 crore, Diesel Cess of Rs. 877 crore, internal resources of Rs. 14,523 crore and Extra Budgetary Resources (EBR) of Rs. 10,151 crore including market borrowing through Indian Railway Finance Corporation (IRFC) of Rs. 9,120 crore.
The Railway Minister said that within the limited resources available, thrust is being given to expansion of the network. She said that to achieve the target of 1,000 kms of new line set for year, the allocation has been increased substantially from Rs. 2,848 crore to Rs. 4,411 crore. Kumari Mamata Banerjee made an allocation of Rs. 1,302 crore for improving passenger amenities as compared to Rs. 923 crore in the previous Railway Budget.
Presenting the Budget Estimates for 2010-11, the Railway Minister said that the target for freight loading for the ensuing financial year has been kept at 944 MT, an increase of 54 MT over RE 2009-10. She said that Budget Estimates for freight, passenger, sundry other earnings and other coaching earnings have been kept at Rs. 62,489 crore, Rs. 26,127 crore, Rs. 3,171 crore and Rs. 2,778 crore respectively. A sum of Rs. 200 crore has been kept apart for clearing the outstanding dues of the Railways with an intention to initiate special efforts to clear such dues. The Gross Traffic Receipts have been projected at Rs. 94,765 crore by the Railway Miister.
The provision for Ordinary Working Expenses for 2010-11 has been kept at Rs. 65,000 crore which is Rs. 500 crore lower than the Revised Estimates for the previous year. Appropriation to Depreciation Reserve Fund has been kept at Rs. 7,600 crore and Appropriation to Pension Fund at Rs. 14,500 crore in 2010-11. The Total Working Expenses will be Rs. 87,100 crore and Net Revenue Rs. 9,782 crore.
After meeting the estimated Dividend liability of Rs. 6,609 crore, the projected ‘Excess’ is Rs. 3,173 crore with the targeted Operating Ratio of 92.3% and the Excess is proposed to be appropriated to Development Fund (Rs. 2,800 crore) and Capital Fund (Rs. 373 crore).
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