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News Entry# 288306
  
Dec 11 2016 (16:00)  Finance Minister Rejects Prabhu’s Rs 1,19,183 Cr ‘Safety Fund’ For Railways (dailymagaz.in)
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News Entry# 288306   Blog Entry# 2087623     
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Posted by: MCPNBR~  403 news posts
Finance Minister Rejects Prabhu’s Rs 1,19,183 Cr ‘Safety Fund’ For Railways
New Delhi: Train passengers may have to shell out more as Railways is mulling increasing fares in a bid to raise resources after the Finance Ministry rejected its proposal of a special safety fund.
According to the proposal, a safety cess will be levied to generate funds for strengthening track and upgrading signalling system and elimination of unmanned level crossings among other safety-related works to prevent mishaps.
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Railway Minister Suresh Prabhu had written a letter to Finance Minister Arun Jaitley seeking Rs 1,19,183 crore to create the special Rashtriya Rail Sanraksha Kosh for undertaking various safety works.
However, the proposal did not find much favour with the Finance Ministry and it asked the Railways to raise resources on its own by raising fares.

“Though the Railway Minister is not in favour of raising fares at this juncture when passenger bookings are falling and fares of AC-2 and AC-1 are already on higher side, the reluctance of Finance Ministry to provide a bail-out package has left the minister with no option,” a source said.
According to the plan, the cess on Sleeper, Second Class and AC-3 will be higher while it will be marginal for AC-2 and AC-1.
Railways is witnessing train derailments on almost regular basis – two in quick succession in the recent past causing heavy casualties. Experts say these mishaps have taken place due to the lack of upgrading and proper maintenance of track and signalling system.
The basic thrust in the Rashtriya Rail Sanraksha Kosh proposal is to go for modern signalling system and elimination of all vulnerable unmanned level crossings to prevent accidents. Since majority of accidents happen at unmanned level crossings it is essential to eliminate those level crossings through construction of road over bridges and under bridges.
Since Railways has decided to increase the average speed of trains, it is important that rail track and rail bridges are also strengthened along with signalling upgrade.
Apart from increasing speed of passenger service, Railways has also decided to run freight trains with 25 tonne axle load for which strengthening of track and rail bridge is essential.

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Dec 28 2016 (09:34)
Aditya*^~   4426 blog posts   2416 correct pred (69% accurate)
Re# 2087623-19            Tags   Past Edits
The Ajmer - Sealdah Express is gift by Finance Minister of India. he rejected Safety fund.
Only interested in BULLET TRAIN
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