The railway budget has started to come up with the inaugral speech by the honourable Railway Minister, Mr. Suresh Prabhu. As said, it will be the budget for the common man in India, to make him feel the Modi’s Moto of Ache Din.
Here are 10 important numbers that will help you understand the Rail Budget:
- 23 million: It is the number of passengers commuting through railways every day which is equal to the entire population of the Australia. The total number of passenger trains is 12,617 every day connecting 7172 stations across the country.
- Rs. 26,000 Cr: The amount of losses railways incurs every year on subsidizing passenger fares.
- $100 billion: or Rs. 6 lac Cr is the funding railways need in next 3-4 years.
- Rs. 50,000 Cr: is what railways is likely to get from the Central government as Budgetary support.
- 200 km: The average number of kilometers added per year to rail route since independence. In the last 67 years, just 13,000 kilometers of rail route has been added for a total route of 64,460 kilometers, which is the fourth-largest in the world, but much lower than China’s over 1 lakh kilometers.
- 67 per cent: The contribution of freight in railways earnings. The share of freight carried by railways among total freight carried by all means has declined from 89 per cent in 1950-51 to 31 per cent because successive governments have cross-subsidized passenger fares with freight fares. The railways carry 2.65 million tons of freight every day.
- Rs. 1.40 lakh Cr or $23 billion: is the annual revenue of railways every year. Seems a good number, right? But no this is less than the revenue of state-run companies such as Indian Oil Corp and ONGC.
- Rs. 1.82 lakh Cr: is the amount required for completion of 359 pending projects. In the past 30 years, only 317 of the 676 sanctioned projects have been completed and others require huge funds for completion.
- 94 per cent: is the railways’ operating ratio i.e. railways save only 6 paisa on every 1 rupee it earns from operations. This leaves very little money for expansion.
- 13.1 lakh: is the number of railways employees, making it the country’s single biggest employer.
Know the live updates of Indian Railway Budget-2015. Get knowledge live on the gifts for you from the Railway Minister, Mr. Suresh Prabhu. The Railway Budget-2015 has come up centrally targetting the common man to attract the Modi’s moto of AcheDin. It has bring many gifts for the common man and as Suresh Prabhu, the Railway Minister opened his urn of gifts the people are seeking to meet their expectations. Know the live updates of railway budget-2015
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