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Railway Budget 2011

Highlights of Railway Budget 2011-12:

 Railway Budget for 2011-12 spared the passengers of any increase in fares and proposed no hike in freight rates while introducing 56 new trains, including nine non-stop Duronto trains and three Shatabdis.
 Railway has introduced 56 new trains, including nine non-stop Duronto trains and three Shatabdis.
 The booking charges for A/C as well as non A/C seats have been slashed by 50 per cent and online ticketing is all set to get cheaper. 
The lower age limit for female senior citizens will be reduced from 60 to 58.
 Concession for male senior citizens has been increased by 10% to 40%. As many as 47 additional trains will be introduced for the Mumbai suburban section and nine for Chennai, Banerjeee said. Also, trolleys will be introduced at railway stations, said the minister.
 The ‘Go India’ smart card ticket project will be launched this year. Pan-India multi-purpose smart card “Go India” to be introduced. 236 more stations to be upgraded as Adarsh Stations.
 47 additional suburban services in Mumbai and 50 new suburban services proposed for Kolkata. 
The Indian railways has chalked out its highest ever investment expenditure amounting Rs 57630cr for FY12, with the target to add 700km new lines.
 Focus on building strong infrastructure with next year’s budget provides Rs 9,583cr for new lines.
 A target of 1,300 kms for new lines, 867 kms for doubling lines and 1,017 kms for guage conversion has been set for FY12.
 The financial performance for the period under review was sluggish as the freight volume remains lower coupled with financial burden on the back of high employee cost.
 Operating ratio stood at 72.1% despite of 7.3% growth in gross traffic receipts which came in at Rs 94840cr. 
Gross traffic receipts has been estimated at Rs 1,06,239cr, exceeding Rs 1 lakh crore mark for the first time in FY12, despite of pressure on finances due to Pay Commission payout.
 Anti Collision Devise (ACD) sanctioned to cover 8 zonal railways. GPS Based ‘Fog Safe’ Device to be deployed. All unmanned level crossing upto 3000 to be eliminated. 
All India Security Help line on a single number set up.
 Medical facilities extended to dependent parents of the Railway employees.
 Scholarship for Girl child of Group-D railway employees increased to Rs.1200 per month. 20 additional hostels for children of railway employees to be set up.