10 THINGS YOU MUST KNOW BEFORE THE RAILWAY BUDGET

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RAILWAY BUDGET

Everybody today is looking forward to hearing the Railway Budget. All eyes are on the Railway Minister, Suresh Prabhu. Suresh Prabhu, a CA turned politician is going to present a very good number. But do you know the numbers related to Railway Budget? 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 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 the next 3-4 years.

RAILWAY BUDGET

  • 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 percent: 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 percent in 1950-51 to 31 percent 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 

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