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Sep 21 2016 (22:35)  Understanding the economics of budgets merger (www.thehindu.com)
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Rail Budget

News Entry# 280815   Blog Entry# 1998455     
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Posted by: rdb*^  124811 news posts
What prompted the government to take the decision now? How does an early budget help? Here are the answers.
Ending a 92-year-old tradition, the Union Cabinet on Wednesday decided to merge the Railway budget with the General budget and agreed in principle to advance the date of its presentation in Parliament.
Why is the Rail budget presented separately in the first place?
Railway historians
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say that it was during the British rule — in the early 1920s — that on the basis of the report of the Acworth Committee, railway finances (those of government-owned railway companies) were separated from the general finances.
The first Railway budget, under the system, can be traced to 1924.
Why change now?
The move to discard the Rail budget is said to be part of the Modi government’s reform agenda. The NITI Aayog had suggested this merger as the Railway budget was being used to dole out favours by way of new trains and projects.
This merger is also a part of the government advancing the budgetary exercise so as to complete it before March 31 and facilitate the beginning of expenditure on public-funded schemes from April 1.
How is it beneficial?
The merger will help the Railways get rid of the annual dividend they has to pay for gross budgetary support from the government every year. Sources say that the merger will help the cash-strapped Railways save about Rs 10,000 crore annually.
Railway Minister Suresh Prabhu said the merger of rail and general budgets will not impact the functional autonomy of the railways but help in enhancing capital expenditure. It would help the Railways raise extra capital expenditure that would allow them to enhance connectivity in the country and boost economic growth.
How does an early budget help?
An early presentation of budget will ensure that all legislative works are completed before the beginning of the new fiscal, from April, and help in funds allocated to various ministries flowing in from the first quarter.
Sources said the government planned to convene the Budget Session of Parliament before January 25, 2017, present the pre-Budget Economic Survey a day or two before the Finance Minister reads out the budget on February 1.
The advance estimates for the GDP will now be made on January 7, instead of February 7, and mid-year review of expenditure by various ministries is proposed to be completed by November 15.
The idea is to get the budget passed by Parliament, along with the Appropriation Bill and the Finance Bill, before March 24, so as to ensure the implementation of the budget proposals from April 1.
Keywords: General budget, Railway budget, Suresh Prabhu, budget merger

  
1297 views
Sep 22 2016 (00:07)
For Better Managed Indian Railways~   1859 blog posts
Re# 1998455-1            Tags   Past Edits
(1) Advancement of the budget timing with a motive to start implementation of budget proposals from day-1 i.e. April 1 is a highly commendable action. How can we expect budget proposals to be timely implemented throughout the year if the beginning itself is delayed? This action truly reflects the PMs statement that days of "Chalega" "Dekhna hai" attitude are over and now Govt means timely action.
(2) Actual benefit of Rs 10000 crores for IR is at the mercy of finance minister, who can increase or decrease the gross budgetary support to IR at his will.
(3)If
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"Presentation of railway budget means doling out favors by way of new trains" (more to favoured state and less to others). Then does "abolishing of Railway budget" means doling of new regular (normal fare) trains to favoured states and Suvidha/ special fare train for the others? There are no norms where to run a "regular train with normal fare" and where to run the dreaded "suvidha/special fare" ones.
(4) Merger of Rail budget into General budget shall be beneficial only if the de-politicisation actually takes place. Merger is no guarantee of depoliticisation. Now RM can easily do away without giving anything to a particular state and even MPs of the particular state shall be helpless as there will no need to discuss and pass any rail budget in the parliament.

  
1377 views
Sep 22 2016 (00:13)
Merry Christmas~   3977 blog posts   37 correct pred (62% accurate)
Re# 1998455-2            Tags   Past Edits
/blog/post/1998169
IR can very soon privatise its premier trains or these will be completely called off.

  
1387 views
Sep 22 2016 (00:17)
For Better Managed Indian Railways~   1859 blog posts
Re# 1998455-3            Tags   Past Edits
Privatisation is essential at his juncture to bring in efficiency in railway operations.

  
872 views
Sep 22 2016 (11:17)
Merry Christmas~   3977 blog posts   37 correct pred (62% accurate)
Re# 1998455-4            Tags   Past Edits
All the so called subsidies will be rolled back and it will hit the lower middle class and BPL class the most..

  
734 views
Sep 22 2016 (15:16)
For Better Managed Indian Railways~   1859 blog posts
Re# 1998455-5            Tags   Past Edits
“Subsidy” gives a wrong impression in context of IR passenger fares. Even Niti Ayog has concluded that Fares of AC2,ACC,ACI,EC are much morehigher than the equivalent Luxury Bus fares. Still IR is losing on these classes. The loss is because of excessive resources used by IR (i.e. internal inefficiencies) and not due to low fare as IR claims. Similarly the so called under recovery or subsidy say 50 Rs. per 100 Rs. spent by IR in second class is made up of two components. (1) Extra input by way of inefficiency or financially imprudent ways of working of IR (which may be 25Rs) and (2) lower fare than the reasonable economic value (which then shall be 25Rs).
If inefficiencies in IR can
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be clipped down, the costing itself shall come down to Rs 75 instead of 100. The above ac classes shall be profitable at present fares.The subsidy burden shall actually be halved even without increasing fare. The general class fares which had not been increased for a decade are today reduced to a ridiculously low level needs correction, but can be managed with reasonable escalation for coming few years without much troubling the people.
If done properly, privatisation in Rly sector can bring in efficiency as has been observed in road and airline sectors, the costing of a seat is likely to be drastically reduced mainly through efficient use of huge resources which IR deploys for conducting its business, rather than increase of fares.
(1) Privatisation has to be brought to bring in competition and improve the efficiency rather than to eliminate the govt role altogether. Nothing should be left totally in the hands of govt. or pvt. Players, else the results will be disastrous. Best way out is to let pvt. Players and govt owned companies compete with each other and customer have a choice to select the best suited service. Presence of govt ensure elimination of looting of consumers through formation of cartel amongst pvt. Companies.
(2) Telecom sector is the best example where govt. owned BSNL is competing with plethora of pvt sector companies and public is benefitted through reasonable price of the services availed. Take the case of airlines, bus operators, taxi operators where intense competition between pvt. & govt. players result in very high efficiency of operation and passengers are reaping the benefit.
(3) In case of railway transport in India, there is monopoly of govt. owned IRlys, hence there had been little improvement in working practices. We see trains running with astonishingly low occupancies even below 10% running for months and years causing huge financial losses which adds to the costing of IR. If we start enumerating inefficient operations in IR, the list will run into several pages. All these adds drastically to the losses or increase the cost of seat/ berth offered
(4) Huge advantages that monopolistic IR enjoy over road & air transporters
- Energy is supposed to be the main cost component in transportation, rail transport consume one sixth the energy consumed in road transport, and even lesser than air transport.
- Economies of scale- One truck usually carry 15-20T as against about 4000-5000T by railways. One bus carry about 40-50 passengers as against about 1000-2000 passengers by train.
(5) Even after the above advantages, employee cost of IR is huge 68% of total IR revenue. Whereas road operators in spite of inherent disadvantages are making handsome profits and expanding their business at rapid pace.
The solution lies mostly in adopting innovation and out-of-box thinking and critical evaluation of every activity of IR and eliminating activities which are redundant today due to automation/ technological development. There are two aspects,
-1- IR is using too many resources than it should be. Cost control is required by actions like
o Elimination of the unnecessary posts, activities
o Transferring resource consuming and unrelated entities like schools, colleges, hospitals, Metro trains etc to respective deptts. Like Education, Health, Urban Development/State Govts and many more.
o Identification of loss making entities like trains, stations, projects & Rationalisation of the same to reduce/ eliminate losses.
o Study of the facilities provided to passengers, employees, vendors, coolies etc. The facilities enhancing productivity has to be encouraged, the unnecessary ones need to be rationalised.
-2- IR is not generating sufficient revenue because the resources are not put to optimum use. Introducing trains without adequate market survey many a times on the routes with very low demand. Investing the scarce resources on financially unjustified lines with very low or negative rate of return.
  
The Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to (i) the merger of Railway budget with the General budget, (ii) the advancement of the date of Budget presentation from the last day of February and (iii) the merger of the Plan and the Non-Plan classification in the Budget and Accounts. All these changes will be put into effect simultaneously from the Budget 2017-18.
Merger of Railway Budget with the General Budget:
The arrangements for merger of Railway budget with the General budget have been
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approved by the Cabinet with the following administrative and financial arrangements-
(i) The Railways will continue to maintain its distinct entity -as a departmentally run commercial undertaking as at present;
(ii) Railways will retain their functional autonomy and delegation of financial powers etc. as per the existing guidelines;
(iii)The existing financial arrangements will continue wherein Railways will meet all their revenue expenditure, including ordinary working expenses, pay and allowances and pensions etc. from their revenue receipts;
(iv)The Capital at charge of the Railways estimated at Rs.2.27 lakh crore on which annual dividend is paid by the Railways will be wiped off. Consequently, there will be no dividend liability for Railways from 2017-18 and Ministry of Railways will get Gross Budgetary support. This will also save Railways from the liability of payment of approximately Rs.9,700 crore annual dividend to the Government of India;
The presentation of separate Railway budget started in the year 1924, and has continued after independence as a convention rather than under Constitutional provisions.
The merger would help in the following ways:
· The presentation of a unified budget will bring the affairs of the Railways to centre stage and present a holistic picture of the financial position of the Government.
· The merger is also expected to reduce the procedural requirements and instead bring into focus, the aspects of delivery and good governance.
· Consequent to the merger, the appropriations for Railways will form part of the main Appropriation Bill.
Advancement of the Budget presentation:
The Cabinet has also approved, in principle, another reform relating to budgetary process, for advancement of the date of Budget presentation from the last day of February to a suitable date. The exact date of presentation of Budget for 2017-18 would be decided keeping in view the date of assembly elections to be held in States.
This would help in following ways:
· The advancement of budget presentation by a month and completion of Budget related legislative business before 31st March would pave the way for early completion of Budget cycle and enable Ministries and Departments to ensure better planning and execution of schemes from the beginning of the financial year and utilization of the full working seasons including the first quarter.
· This will also preclude the need for seeking appropriation through 'Vote on Account' and enable implementation of the legislative changes in tax; laws for new taxation measures from the beginning of the financial year.
Merger of Plan and Non Plan classification in Budget and Accounts:
The third proposal approved by the Cabinet relates to the merger of Plan and Non Plan classification in Budget and Accounts from 2017-18, with continuance of earmarking of funds for Scheduled Castes Sub-Plan/Tribal Sub-Plan. Similarly, the allocations for North Eastern States will also continue.
This would help in resolving the following issues:
· The Plan/Non-Plan bifurcation of expenditure has led to a fragmented view of resource allocation to various schemes, making it difficult not only to ascertain cost of delivering a service but also to link outlays to outcomes.
· The bias in favour of Plan expenditure by Centre as well as the State Governments has led to a neglect of essential expenditures on maintenance of assets and other establishment related expenditures for providing essential social services.
· The merger of plan and non-plan in the budget is expected
to provide appropriate budgetary framework having focus on the revenue, and capital expenditure.
*****
AKT/VBA/SH

(Release ID :150987)

  
1370 views
Sep 21 2016 (22:28)
Kishor*^~   4484 blog posts   123 correct pred (62% accurate)
Re# 1998382-1            Tags   Past Edits
1-after this step of merging General Budget and IR budget,
2- second step will be to streamline the Budget period with World Budgets. and hence
3- The next budget may have 9 months period from April to Dec.
  
Sep 21 2016 (15:11)  Railway budget derailed: Five facts you probably didn’t know (indianexpress.com)
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Rail Budget

News Entry# 280788   Blog Entry# 1998002     
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Posted by: SRG*^~  742 news posts
Railway budget derailed: Five facts you probably didn’t know
A 92-year-old tradition of the railway budget has been broken.
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Finance Minister Arun Jaitley and Railway Minister Suresh Prabhu on Wednesday addressed the media and informed that the general budget and railway budget will be merged and presented as a single budget from 2017. However, the functional autonomy of the railway budget will be
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maintained, Jaitley confirmed. The budget’s date has not been announced for 2017 as it depends on the Assembly session.
Jaitley, while briefing the media, said that the practice was adopted because railway budget used to be higher that general budget but things have changed with time. “Now there are several departments whose budget is higher than that of railway budget, namely defence,” Jaitley said.
The practice of presenting the railway budget separately is more than seven decades old and this decision by the BJP government will now put an end to it. The rail budget used to be presented every year by railway minister few days prior to the presentation of the general budget.
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FACTS:
When was the first railway budget presented?
After the recommendations of 10 member-Acworth Committee in 1920-21, the railway budget was separated from general budget in 1924. Since then the budget was presented independently.
When was the first live telecast of the railway budget?
It took 70 years for the first live telecast of the railway budget to take place on March 24, 1994.
Who was the first railway minister in independent India?
After India attained Independence on August 15, 1947, John Mathai became the first railway minister.
Who was the first woman railway minister?
Mamata Banerjee, current chief minister of West Bengal and chief of the Trinamool Congress, became the first woman railway minister in 2000.
Which minister presented the railway budget most times?
Jagjivan Ram, father of former Lok Sabha speaker Meira Kumar, presented the railway budget seven times.

  
Sep 21 2016 (15:17)
erpankajkashyap   110 blog posts
Re# 1998002-1            Tags   Past Edits
Too bad
  
Sep 21 2016 (15:07)  Railway budget scrapped, merged with general budget (timesofindia.indiatimes.com)
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Rail Budget

News Entry# 280787   Blog Entry# 1997998     
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Posted by: SRG*^~  742 news posts
Railway budget scrapped, merged with general budget
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HIGHLIGHTS
There will be no rail budget from the next year.
The Union Cabinet gave its nod to merge rail budget with general budget.
The
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practice of rail budget was started in 1924.
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NEW DELHI: There will be no separate railway budget+ from the next financial year. The Union Cabinet on Wednesday gave its nod to merge the railway budget with the general budget from next year, putting an end to a practice that started in 1924.
"Rail budget and general budget will be amalgamated from now, there will only be one budget," finance minister Arun Jaitley said after the Cabinet meeting.
"However, the functional autonomy of railways will be maintained," Jaitley said.
The decision to merge the railway budget with the general budget is significant as in recent years, particularly since coalition governments post-1996, political heavyweights have used the railway budget to hand out goodies and for their own image building. With the railway portfolio often held by regional biggies, the budget reflected political priorities of the incumbent. The railway bureaucracy has also dug in its heels in the past.
Railway minister Suresh Prabhu's readiness to give up the limelight is a break from the past as BJP seems in a position to dump the railway budget as its solid majority in Lok Sabha enabled it to retain the portfolio rather than handing it to an ally.
The move to discard the British-era practice of a separate rail budget by the Modi government comes after a two-member committee comprising Niti Aayog member Bibek Debroy and Kishore Desai recommended the exercise be scrapped.
With a view to get all the legislative approvals for the annual spending and tax proposals before the beginning of the new financial year on April 1, the Cabinet headed by Prime Minister Narendra Modi approved advancing date for presentation of the general budget by a month instead of present practice of unveiling it at the end of February.
To facilitate this, the budget session of Parliament will be called sometime before January 25, a month ahead of the current practice.
Accordingly, the beginning of budget preparation will be advanced to early October and GDP estimates made available on January 7 instead of February 7 now.
Till now budget was presented on the last day of February and it is not until mid-May that the Parliament approves it in two parts. And with the monsoon arriving in June, most of the schemes and spendings by states do not take off until October, leaving just half a year for their implementation.
Early presentation of budget would mean that the entire exercise is over by March 31, and expenditure as well as tax proposals come into effect right from the beginning of new fiscal, thereby ensuring better implementation.

  
1545 views
Sep 21 2016 (15:08)
SRG*^~   34918 blog posts   151221 correct pred (75% accurate)
Re# 1997998-1            Tags   Past Edits
End of the road err rail for Rail budget...It has hit a buffer come to dead end.

  
Sep 21 2016 (15:22)
Rail Fanning~   2519 blog posts
Re# 1997998-2            Tags   Past Edits
For obvious reasons, the regional parties are not happy with this decision. It was always seen from previous budgets that these parties used this as a tool for political appeasement by introducing more and more trains in their respective regions.
But good in a way as some of the article mention that Rs 10,000 crore will be saved annually if both budgets are combined

  
1671 views
Sep 21 2016 (15:41)
Fan of 12479^~   77331 blog posts   5080 correct pred (77% accurate)
Re# 1997998-3            Tags   Past Edits
best thing in last line
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Early presentation of budget would mean that the entire exercise is over by March 31, and expenditure as well as tax proposals come into effect right from the beginning of new fiscal, thereby ensuring better implementation.

  
1639 views
Sep 21 2016 (15:47)
SRG*^~   34918 blog posts   151221 correct pred (75% accurate)
Re# 1997998-4            Tags   Past Edits
Yes price hike ka jatka pehlehi maalum padega..

  
1302 views
Sep 21 2016 (17:53)
For Better Managed Indian Railways~   1859 blog posts
Re# 1997998-5            Tags   Past Edits
Rly budget merger is done with an intention that it will be an important step to depoliticize IR, but the way new trains are being introduced since last few months, casts doubt whether the depoliticization will really happen? If it happens then well and good. But if it does not happen, then it will results will be more disastrous
(1) It will result in even more lopsided resource allocation and development of railways in our country. At present due to debate and passage of Rly budget in parliament, RM is forced to give at-least something to all the states including his non-preferred ones.
(2) The
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data released/ discussed during budget sessions may not be released before the public. IR shall lose whatever transparency it have now.
(3) Rail budget Parliamentary discussion puts pressure on IR to perform & fulfil developmental aspirations of different regions. After budget merger, If the RM is not dynamic, vigilant and task oriented, there will not be enough pressure on IR to perform and IRlys may die its natural death (gradually loose almost all of its traffic to competitors) much like the inland Water ways prevalent decades ago in major rivers like Ganga had. In that case the efficiently managed Roadways, airline operators shall be the biggest gainers and public/ nation the loser.

  
893 views
Sep 21 2016 (21:34)
srinivasvasanthi   3560 blog posts   13 correct pred (50% accurate)
Re# 1997998-6            Tags   Past Edits
Parrot of IndianRailway wings are shortened and is gaged .So the gaged Parrot have to be ensured with proper feed of funds .IR has been announced new projects /allot to the held up projects for Rs 10000 crores ( Dividend need not paid to FM ) which is saved after merging
  
Sep 21 2016 (14:50)  Single budget will save Railways Rs. 10,000 crore (googleweblight.com)
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Rail Budget

News Entry# 280786     
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Sep 21 2016 (3:26PM)
Station Tag: Hatia/HTE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (3:26PM)
Station Tag: Pune Junction/PUNE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (3:26PM)
Station Tag: Secunderabad Junction/SC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:57PM)
Station Tag: Hatia/HTE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:57PM)
Station Tag: Pune Junction/PUNE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:57PM)
Station Tag: Secunderabad Junction/SC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Mumbai Chhatrapati Shivaji Terminus/CSTM added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Howrah Junction/HWH added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Chennai Central/MAS added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Ranchi Junction/RNC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: Yesvantpur Junction/YPR added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Station Tag: KSR Bengaluru City Junction (Bangalore)/SBC added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Deekshabhoomi Express/11046 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Gaya - Anand Vihar Garib Rath Express/22409 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Gaya - Howrah Express/13024 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Gaya - Kamakhya Weekly Express/15619 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Mahabodhi SF Express/12397 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:54PM)
Train Tag: Gaya - Chennai Egmore Weekly SF Express/12389 added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: Anand Vihar Terminal/ANVT added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: New Delhi/NDLS added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: Old Delhi Junction/DLI added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: Patna Junction/PNBE added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Sep 21 2016 (2:50PM)
Station Tag: Gaya Junction/GAYA added by Gaya Bhopal JBP TatkalFare Pitrapaksha Mela Spec/182720

Posted by: Mahaparinirwan Express DSJ Gaya Monthly~  82 news posts
The cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, which is likely to happen from next fiscal.
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A joint committee set up to finalise the modalities for the merger of Rail Budget with the General Budget has submitted its report to the Finance Ministry recommending various changes including waiving off of payment of dividend by railways though the practice of getting gross budgetary support (GBS) from the exchequer will continue.
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Railways pays about Rs 10,000 crore as dividend a year after getting about Rs 40,000 crore.The General Budget to be presented by the Finance Minister will also have a separate annexure with details of plan and non-plan expenditures to be incurred by the national transporter, according to the recommendations of the joint committee comprising senior officials from the Railways and Finance ministries.
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The recommendations will be placed before the Cabinet for a final decision, the sources said.
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The report on the merger of the Rail Budget and General Budget, was to be submitted by August 31 but was delayed and finally submitted on September 8, official sources in the Railways said.
  
Sep 21 2016 (13:05)  Cabinet approves proposal to merge Railway and General Budget (m.businesstoday.in)
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Rail Budget

News Entry# 280767     
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Posted by: Pratap 😀😀 KJM WDP4D 40387 😀😀 प्रताप~  366 news posts
The Union Cabinet on Wednesday approved the merger of the Railway Budget with the General Budget. This puts an end to the separate Railways Budget that gets present in the parliament.
The Finance Ministry had made the proposal to merge the two budgets apart from advancing the date of Budget presentation.
Once the rail and general Budgets are merged and the date of presentation is advanced, there will be no requirement of separate Appropriation Bills as well as Vote on Account, as is the current practice.
Even
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after the separate railway budget is scrapped and its proposals clubbed in the general Budget, the Railways would continue to maintain its distinct entity status as a departmentally-run commercial undertaking as at present.
Also, the Railways would be allowed to retain its functional autonomy with delegation of financial power rules to continue as is the case now, sources said.
After the merger, the Railways would not have to pay dividend to the central government and its capital at charge would stand to be wiped off.
Like for other departments, the ministry of finance will provide gross budgetary support to the Railways for incurring its capital expenditure.
According to the proposal, to ensure better targeting of benefits, all concessional railway passes provided to various categories of concessionaires will be linked to Aadhar number.
Also, the Railway Convention Committee, which reviews the rate of dividend payable by the railways to the government, will be disbanded. Currently, the panel also suggests the level of appropriation to various funds of the railways such as depreciation reserve funds, development fund and pension fund.
After the merger of railway budget with the general budget, one single Appropriation Bill will be presented to Parliament for consideration and voting on or before March 24, 2017.
  
Sep 21 2016 (06:47)  Cabinet to decide on rail, general budgets merger (www.thehindu.com)
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Rail Budget

News Entry# 280728     
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Posted by: rdb*^  124811 news posts
The Union Cabinet will take a call on advancing the Union Budget date in its meeting on Wednesday and consider the merger of the general and the rail budgets.
The tentative new date for the presentation of the Budget will also be discussed, although the final decision on it will be taken by the Cabinet Committee on Parliamentary Affairs. Advancing the Budget presentation date will in turn require the Budget Session to be called a few weeks earlier for which Parliament is generally convened around the third week of February.The Union Budget is presented each year on the last working day of February by the Finance Minister to Parliament.
The
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proposal was moved by the Finance Ministry after it received from several States and some ministries demands that the annual budget exercise be completed before the new fiscal year begins on April 1 for streamlined allocation of funds. The Budget is presented in two parts i.e. the Railway Budget pertaining to Railway Finance and General Budget which gives an overall picture of the financial position of the Centre.
Railway Ministry officials said that even after the merger, Indian Railways may continue to pay dividends to the Ministry of Finance and also bear the social obligation cost it now incurs. It may also continue paying pension to retired employees.Social service obligation costs in 2015-16 added up to Rs.34,030 crore from its coach services, including passenger traffic, luggage and parcel services, while pension outgo for 2016-17 is budgeted at Rs.45,500 crore.
  
Sep 19 2016 (20:11)  अर्थात्: बजट बंद होने से दौड़ेगी रेल? (aajtak.intoday.in)
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Rail Budget

News Entry# 280601     
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Posted by:   1 news posts
Hindi News इंडिया टुडे अर्थात
अर्थात्: बजट बंद होने...
अअअ अर्थात्: बजट बंद होने से दौड़ेगी रेल? अंशुमान तिवारी नई दिल्ली, 19 सितम्बर 2016 | अपडेटेड: 12:11 IST twittermore
रेल बजट के आम बजट में विलय से क्या रेलवे को फायदा होगा?
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दिल्ली में रेल भवन के गलियारे रहस्यमय हो चले हैं. असमंजस तो रेल भवन से महज आधा किलोमीटर दूर रायसीना हिल्स की उत्तरी इमारत में भी कम नहीं है जो वित्त मंत्रालय के नाम से जानी जाती है. अगर सरकार की बतकही पर भरोसा किया जाए तो 93 साल पुराना रेल बजट, 2017 से वित्त मंत्री अरुण जेटली का सिरदर्द हो जाएगा. रेल मंत्री सुरेश प्रभु बेचैन हैं, वे रेल बजट के आम बजट में विलय के सवालों पर खीझ उठते हैं. अलबत्ता उनके स्टाफ से लेकर सुदूर इलाकों तक फैले रेल नेटवर्क का हर छोटा-बड़ा कारिंदा दो बजटों के मिलन की हर आहट पर कान लगाए है, क्योंकि रेल बजट का आम बजट में विलय आजादी के बाद रेलवे के सबसे बड़े पुनर्गठन का रास्ता खोल सकता है.
सुरेश प्रभु की बेचैनी लाजिमी है. तमाम कोशिशों के बावजूद वे रेलवे की माली हालत सुधार नहीं पाए हैं. बीते एक माह में उन्होंने रेलवे की दो सबसे फायदेमंद सेवाओं को निचोड़ लिया. पहले कोयले पर माल भाड़ा बढ़ा. रेलवे का लगभग 50 फीसदी ढुलाई राजस्व कोयले से आता है. फिर प्रीमियम ट्रेनों में सर्ज प्राइसिंग यानी मांग के हिसाब से महंगे किराये बढ़ाने की नीति लागू हो गई. गहरे वित्तीय संकट में फंसी रेलवे अपनी प्रतिस्पर्धात्मकता खत्म करने पर मजबूर है. रेलवे अपना माल और यात्री कारोबार अन्य क्षेत्रों को सौंपना चाहती है ताकि घाटा कम किया जा सके. रेल मंत्री ने भाड़ा और किराये बढ़ाकर, वित्त मंत्री की तकलीफें कम करने की कोशिश की है, जो रेलवे का बोझ अपनी पीठ पर उठाएंगे.
रेलवे और वित्त मंत्रालय के रिश्ते पेचीदा हैं. रेलवे कोई कंपनी नहीं है, फिर भी सरकार को लाभांश देती है. रेलवे घाटे में है, इसलिए यह लाभांश नहीं बल्कि बजट से मिलने वाले कर्ज पर ब्याज है. एक हाथ से रेलवे सरकार को ''लाभांश" देती है तो दूसरे हाथ से आम बजट से मदद लेती है. यह मदद रेलवे नेटवर्क के विस्तार और आधुनिकीकरण के लिए है, क्योंकि दैनिक खर्चों, वेतन, पेंशन और ब्याज चुकाने के बाद रेलवे के पास नेटवर्क विस्तार के लिए संसाधन नहीं बचते. रेलवे के तहत कई कंपनियां हैं, जिन्हें अलग से केंद्रीय खजाने से वित्तीय मदद मिलती है.
बजट से मदद के अलावा रेलवे को भारी कर्ज लेना पड़ता है, जिसके लिए इंडियन रेलवे फाइनेंस कॉर्पोरेशन है. भारत में रेलवे अकेला सरकारी विभाग है जिसके पास कर्ज उगाहने वाली कंपनी है, जो रेलवे को वैगन-डिब्बा आदि के लिए कर्ज संसाधन देती है. प्रभु के नेतृत्व में रेलवे ने जीवन बीमा निगम से भी कर्ज लिया है, जो खासा महंगा है.
रेलवे सिर्फ परियोजनाओं के लिए ही आम बजट की मोहताज नहीं है, बल्कि उसके मौजूदा संचालन भी भारी घाटे वाले हैं. यह घाटा सस्ते यात्री किराये (34,000 करोड़ रु.) और उन परियोजनाओं का नतीजा है जो रणनीतिक या सामाजिक जरूरतों से जुड़ी हैं. इसके अलावा रेलवे को लंबित परियोजनाओं के लिए 4.83 लाख करोड़ रु. और वेतन आयोग के लिए 30,000 करोड़ रु. चाहिए.
रेल बजट के आम बजट में विलय के साथ यह सारा घाटा, देनदारी, कर्ज आदि आदर्श तौर पर अरुण जेटली की जिम्मेदारी बन जाएगा. रेल मंत्री रेलवे के राजनैतिक दबावों से मुक्त हो जाएंगे और रेल मंत्रालय दरअसल डाक विभाग जैसा हो जाएगा, जिसका घाटा और खर्चे केंद्रीय बजट का हिस्सा हैं. अलबत्ता रेलवे डाक विभाग नहीं है. भारत के सबसे बड़े ट्रांसपोर्टर की जिम्मेदारियां, देनदारियां और वित्तीय मुसीबतें भीमकाय हैं. उसका घाटा, देनदारियां, पेंशन, वेतन खर्चे अपनाने के बाद बजट का कचूमर निकल जाएगा, राजकोषीय घाटे को पंख लग जाएंगे. सो बजटों के विलय के बाद रेलवे का पुनर्गठन अपरिहार्य है. यह बात अलग है कि सरकार इस अनिवार्यता को स्वीकारने से डर रही है.
बजट-विलय के बाद रेलवे के पुनर्गठन के चार आयाम होने चाहिएः
पहलाः अकाउंटिंग सुधारों के जरिए रेलवे की सामाजिक जिम्मेदारियों और वाणिज्यिक कारोबार को अलग-अलग करना होगा और चुनिंदा सामाजिक सेवाओं और प्रोजेक्ट के लिए बजट से सब्सिडी निर्धारित करनी होगी. शेष रेलवे को माल भाड़ा और किराया बढ़ाकर वाणिज्यिक तौर पर मुनाफे में लाना होगा. किराये तय करने के लिए स्वतंत्र नियामक का गठन इस सुधार का हिस्सा होगा.
दूसराः रेलवे के अस्पताल और स्कूल जैसे कामों को बंद किया जाए या बेच दिया जाए ताकि खर्च बच सकें.
तीसराः देबरॉय समिति की सिफारिशों के आधार पर रेलवे के ट्रांसपोर्ट संचालन और बुनियादी ढांचे को अलग कंपनियों में बदला जाए और रेलवे के सार्वजनिक उपक्रमों के लिए एक होल्डिंग कंपनी बनाई जाए.
चौथाः रेलवे की नई कंपनियों में निजी निवेश आमंत्रित किया जाए या उन्हें विनिवेश के जरिए शेयर बाजार में सूचीबद्ध कराया जाए जैसा कि दूरसंचार सेवा विभाग को बीएसएनएल में बदल कर किया गया था.
बजटों के विलय के साथ रेलवे अपने सौ साल पुराने इतिहास की तरफ लौटती दिख रही है. 1880 से पहले लगभग आधा दर्जन निजी कंपनियां रेल सेवा चलाती थीं. ब्रिटिश सरकार ने अगले 40 साल तक इनका अधिग्रहण किया और रेलवे को विशाल सरकारी ट्रांसपोर्टर में बदल दिया. इस पुनर्गठन के बाद 1921 में एकवर्थ समिति की सिफारिश के आधार पर स्वतंत्र रेलवे बजट की परंपरा प्रारंभ हुई, जिसमें रेलवे का वाणिज्यिक स्वरूप बनाए रखने के लिए केंद्र सरकार की ओर से ''रेलवे की लाभांश व्यवस्था" तय की गई थी. अब बजट मिलन के बाद रेलवे को समग्र कंपनीकरण की तरफ लौटना होगा ताकि इसे वाणिज्यिक और सामाजिक रूप से लाभप्रद और सक्षम बनाया जा सके. डिब्बा पहिया, इंजन, कैटरिंग, रिजर्वेशन के लिए अलग-अलग कंपनियां पहले से हैं, सबसे बड़े संचालनों यानी परिवहन और बुनियादी ढांचे के लिए कंपनियों का गठन अगला कदम होना चाहिए.
पर अंदेशा है कि राजनैतिक चुनौतियों के डर से सरकार रेल बजट की परंपरा बंद करने तक सीमित न रह जाए. रेल बजट का आम बजट में विलय भारतीय रेल को बदलने का आखिरी मौका है. अब सियासी नेतृत्व को रेलवे के पुनर्गठन की कड़वी गोली चबानी ही पड़ेगी वरना रेलवे का बोझ जेटली की वित्तीय सफलताओं को ध्वस्त कर देगा.
  
Sep 16 2016 (21:31)  10K m-tickets sold daily in Southern Rly's Chennai div (epaperbeta.timesofindia.com)
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Rail BudgetSR/Southern  -  

News Entry# 280324     
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Sep 16 2016 (9:31PM)
Station Tag: Chennai Central/MAS added by Karthik Iyer ^~/248735

Posted by: Karthik Iyer^~  590 news posts
The sale of mobile tickets for travel on suburban trains in Chennai division of Southern Railway has touched another milestone.The number of mtickets sold per day in August crossed 10,000 or 3 lakh a month, official figures say.
This is more than a 10-fold increase from August 2015, when only 938 mtickets were sold daily. Officials say the jump came through sustained awareness campaigns at suburban stations and on social media till a few months ago.
Introduced in April 2015, the facility was envisaged to eliminate long queu es at ticket counters.Suburban commuters
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could download the Unreserved Ticketing System (UTS) app on their android devices and buy tickets through it. The R-wallet, to be used for making payment for the tickets, can now be recharged online as opposed to counter payment earlier.
The breakthrough came when the facility was provided to sell season tickets as well.
  
Sep 14 2016 (15:45)  Single budget will save Railways Rs. 10,000 cr. (www.thehindu.com)
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Rail Budget

News Entry# 280024     
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Posted by: rdb*^  124811 news posts
The cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, which is likely to happen from next fiscal.
A joint committee set up to finalise the modalities for the merger of Rail Budget with the General Budget has submitted its report to the Finance Ministry recommending various changes including waiving off of payment of dividend by railways though the practice of getting gross budgetary support (GBS) from the exchequer will continue.
Railways pays about Rs 10,000 crore
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as dividend a year after getting about Rs 40,000 crore.The General Budget to be presented by the Finance Minister will also have a separate annexure with details of plan and non-plan expenditures to be incurred by the national transporter, according to the recommendations of the joint committee comprising senior officials from the Railways and Finance ministries.
The recommendations will be placed before the Cabinet for a final decision, the sources said.
The report on the merger of the Rail Budget and General Budget, was to be submitted by August 31 but was delayed and finally submitted on September 8, official sources in the Railways said. — PTI
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