Analysis And Highlights of Indian Railway Budget 2010-11

24 Feb

Posted by Shyam as Market News

Ms.Mamata Banerjee presented the Indian Railway Budget 2010-11 today in the parliament. It was a much quieter railway budget as expected by many. Railway budget 2010-11 was welcomed by a part of Indian Inc while some day it was directionless. Lets analyze and see some of the highlights of Indian Railway budget 2010-11.

Highlights of Indian Railway Budget 2010-11 :–

1. Indian railways has decided to introduce double decker trains soon.
2. There was no fare hike announcement from railway minister in Railway budget 2010-11 presented today.
3. Railways has appealed the private sector of India to join hands with Indian railways for partnership so as to execute many projects in coming days. A special task force will be created to analyze this.
4. Railway has taken a major decision of starting 6 bottling plants which will help in providing cheap drinking water to passengers.
5. It is planning to add another 25,000 KM of rail network by the end of 2020.Currently it has about 64,000 KM of network.
6. Railway plans to start 10 more Duronto express trains in this fiscal as it got good response from this train in last 1 year.

7.Railways are planning to introduce high speed dedicated passenger corridors which will benefit many passengers.
8. Railways will run special trains during the high traffic Common Wealth games period to assist traffic from various part of the country.
9. In a major decision it has agreed to give houses to all railway employees by the next 10 years time frame. 14 lakh strong railway employees will be benefitted by this.