Railway Budget 2009 Highlights India Budget Live

Railway Minister Mamata Banerjee announced a slew of measures including the development of fifty world class stations and introducing double decker coaches for inter-city travel.

Apart from that other measures which have been announced include introducing of Girl child scholarship for Group B employees.

Railway Budget 2009 Highlights

• New scheme called 'Ijjat' for low income monthly travel
• Freight loading fell short of target
• Unrealistically high targets of Interim Budget not sustainable
• Railways to develop cold storages for farmers to store vegetables and fruits
• Unrealistically high targets of Interim Budget not sustainable
• Railways making efforts with Department of Heavy Industries for takeover of ailing wagon manufacturing units like Burn Standards
• 18,000 wagons to be acquired during the current year
• Better representation to be given to minorities, women and the economically backward in railway recruitment
• Superfast parcel express trains to be started on a pilot basis between Delhi and Chennai and Delhi and Mumbai.
• Launch of premium parcel service between 3 stations
• Railways to lease out more land for commercial purposes
• Special recruitment drive to fill up physically challenged posts
• Metro Rail Hopsital in Tollygunj to be upgraded
• Hospitals to be developed for railway staff
• Women commandos in key routes to be increased
• Girl child scholarship for Group B employees
• Mobile ticketing vans to be introduced
• Ramps, special bogeys for physically challenged passengers
• To introduce double-decker coaches for inter-city travel
• Unreserved ticketing terminals to be expanded from 5000 to 800

reports

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Railway stocks pick up steam

At 10:15 am, shares of Kalindee Rail Nirman climbed 2 per cent to Rs 228, Titagarh Wagons advanced 1.75 per cent to Rs 447 and Texmaco gained 1.66 per cent to Rs 122.45. rail budget;rail budget 2009, budget india, rail budget live, lok sabha tv, budget 2009;

KK Birla Group company Texmaco, which is in the business of wagon manufacturing, gained 2.53 per cent to hit a high of Rs 123.50 within minutes of opening trade. Kalindee Rail Nirman rose by 2.80 per cent to Rs 229.30. Titagarh Wagons gained 2.62 per cent to Rs 450.80. Bharat Earth Movers Ltd (BEML) gained 2.15 per cent at Rs 1,105, Hind Rectifiers, the manufacturer of rectifier equipment and semi-conductor devices, rose by 5.27 per cent to Rs 64.95.

Railway Minister Mamata Banerjee in the budget for 2009-10 is likely to put the dedicated freight corridor on fast track and is expected to carry out some revision in passenger fares and remove superfast charges that has come in for flak. source.