Suresh Prabhu unveils freight action plan, envisages better revenue

The business plan 2017-18 comprises 50 actionable initiatives covering passenger and freight sectors as well as new avenues in parcel and non-fare business

GN Bureau | March 3, 2017


#railway budget   #Freight and Passenger Business Action Plan   #Indian Railways   #freight   #ministry of railways   #Suresh Prabhu  


Suresh Prabhakar Prabhu, minister of railways, on Thursday, unveiled – what he called the ‘mini budget’ – a freight policy called the ‘Freight and Passenger Business Action Plan 2017-18’.
 
The business plan entails 50 initiatives including the policy on ‘long term contracts’ with major customers, trial of double stack dwarf container train and demonstration run of Ro-Ro (Roll on – Roll off) service. 
 
The railways saw a dip in freight earnings in the current fiscal due to sluggish coal transportation. The minister announced the business plan to increase revenue and ensure easier travel for passengers. Prabhu accepted that over the years the Indian Railways’ share in the country’s total traffic has slashed substantially. He said that the ministry is addressing its transportation policy in a holistic manner.
 
“Railways earns its two-third revenue from freight only and from the transportation of eight commodities. Due to global slowdown, transportation sector is the biggest sufferer leading to reduction in freight earnings. However, despite these challenges, the railways has done well to improve its freight loading,” he said. 
 
The railways has been constantly changing its freight policies and rationalising them in consultation with stakeholders to attract more freight. Besides, the Railways has adopted market oriented approach to make traffic policies. 
 
The business plan 2017-18 envisages upgradation of delivery system by revamping railway goodsheds through partnerships with stakeholders, new delivery models like Ro-Ro, dwarf containers, road-railers (between Palwal and Melpakkam) and new terminals. 
The Ro-Ro is a pilot project for ‘green transportation’ to bring down road congestion and ensure clean environment. It will be useful for reducing pollution and for speedy transportation.
 
Prabhu lauded the concept of double stack dwarf container train which would save time and will be cost effective. “Of late the Railways has initiated measures in the field of non-fare revenue and in saving fuel cost. We have fixed a target of savings Rs 41,000 crore in the next ten years on energy,” Prabhu said.
 
The plan includes inititaives for better freight services and rationalised tariffs to expand the freight basket (commodities like bulk cement, steel products etc. to be taken out of restricted list for containerisation), long term contracts with freight customers, end-to-end solutions, rationalisation of weighment policy, Timetabled trains with premium on assured transit time (50 paths to be carved out in 2017-18) and procurement of specialised rolling stock for sectors like automobiles.
 
Some of the major plans of the railways include international freight services under which a demo train run between Bangladesh and India, and a meeting of CEOs of railways of the concerned countries to strengthen intermodal regional connectivity.
 
The strategy aims at enhancing throughput like procurement of 3,000 25T BOXNS wagons in 2017-18, leveraging IT and improving asset utilisation.
The minister said that with the improvement in freight loading, everybody will be benefiting, be it the railways, the consumers or the entire ecosystem. The Railways is working in line with the prime minister’s broader development agenda. 
 
Chairman, railway board, AK Mital said that enhancing more traffic share is a big task for the Railways and all stakeholders must work together to achieve this dream.

Features of passenger segment
  • Migrating towards cashless, paperless, ticketing (6000 PoS machines and 1000 ticket vending machines in 2017-18). Aadhaar-based ticketing and a ticketing app by May 2017.
  • Providing comfortable journey by introducing new LHB rakes (about 2,300 coaches in 2017-18), improvement in catering and converting 25 stations to Digipay mode in 2017-18 by digitising station transactions
  • New train products like Humsafar (7 new services by 2017), Antyodaya (7 new services by June 2017), Tejas (3 new services by June 2017) and a new policy for rail tourism including development of hill Railways through partnerships besides several new tourist-friendly packages.

Comments

 

Other News

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter