Page 3 - MASTER IN BUDGET
P. 3
The freight trafic is pegged at an incremental tariff of 50 million tons, anticipating a healthier growth in the core sector
of the economy.
Goods earning is accordingly proposed at Rs 1.17 lakh crore. Earnings on account of other coaching and sundries have
been projected at Rs 6,185 crore and Rs 9,590 crore respectively.
Pension outgo has been budgeted at Rs 45,500 crore in the coming year. Revenue generation has been targeted at Rs
1.84 lakh crore.
Financial performance for the current year has relected a savings of Rs 8,720 crore, neutralising most of the revenue
shortfall.
Operating ratio has been targeted at 92 per cent for the coming year as against 90 per cent in 2015-16, restricting the
growth of ordinary expenses by 11.16 per cent after building in impact of 7th Pay Commission recommendation,
planned reduction in diesel and electricity consumption.
The three new freight corridors of North-South will connect Delhi and Chennai, East-West connecting Kharagpur to
Mumbai and East Coast from Kharagpur to Vijawada.
"It is proposed to put these three projects on high priority to ensure structuring, award and implementation in a time-
bound manner through innovative inancing schemes including PPP," Prabhu said in his more than hour long speech.
Before the current inancial year ends on March 31, almost all contracts for civil engineering work would have been
awarded.
Contracts worth Rs 24,000 crore have been awarded since he assumed ofice against Rs 13,000 crore worth of contracts
in the last six years.
Presenting his "vision", Prabhu promised that by 2020 long-felt desires of the common man will be fulilled.
The objectives include reserved accommodation on trains on demand, time-tabled freight trains, high-end technology
to improve safety record, elimination of all unmanned level crossings, improved punctuality and higher speed of freight
@Mahendra’s 3 MASTER IN BUDGET 2016-17
of the economy.
Goods earning is accordingly proposed at Rs 1.17 lakh crore. Earnings on account of other coaching and sundries have
been projected at Rs 6,185 crore and Rs 9,590 crore respectively.
Pension outgo has been budgeted at Rs 45,500 crore in the coming year. Revenue generation has been targeted at Rs
1.84 lakh crore.
Financial performance for the current year has relected a savings of Rs 8,720 crore, neutralising most of the revenue
shortfall.
Operating ratio has been targeted at 92 per cent for the coming year as against 90 per cent in 2015-16, restricting the
growth of ordinary expenses by 11.16 per cent after building in impact of 7th Pay Commission recommendation,
planned reduction in diesel and electricity consumption.
The three new freight corridors of North-South will connect Delhi and Chennai, East-West connecting Kharagpur to
Mumbai and East Coast from Kharagpur to Vijawada.
"It is proposed to put these three projects on high priority to ensure structuring, award and implementation in a time-
bound manner through innovative inancing schemes including PPP," Prabhu said in his more than hour long speech.
Before the current inancial year ends on March 31, almost all contracts for civil engineering work would have been
awarded.
Contracts worth Rs 24,000 crore have been awarded since he assumed ofice against Rs 13,000 crore worth of contracts
in the last six years.
Presenting his "vision", Prabhu promised that by 2020 long-felt desires of the common man will be fulilled.
The objectives include reserved accommodation on trains on demand, time-tabled freight trains, high-end technology
to improve safety record, elimination of all unmanned level crossings, improved punctuality and higher speed of freight
@Mahendra’s 3 MASTER IN BUDGET 2016-17
