Will Rs 1.48 lakh crore Capex help railways to become safer?

The railways plan massive infrastructure development works for 2018 fiscal, however, at the same time it struggles to bring down fatal accidents

vishwas

Vishwas Dass | February 1, 2018 | New Delhi


#Budget 2018   #Arun Jaitley   #Indian Railways   #Railways  


As the government allocates Rs 1.48 lakh crore for the railways for 2018-19, it is expected that this would improve safety and create better infrastructure.

The railways got the Capex of Rs 1.31 lakh crore with the gross budgetary support of Rs 55,000 crore in the last budget.

However, despite the creation Rashtriya Rail Sanraksha Kosh (RRSK), having corpus of Rs 1 lakh crore by the centre in 2017 budget, number of accidents remain a major cause of worry for the railways.  Around nine major train accidents happened in 2017 in which 70 people lost their lives.

Though the railways vehemently claims that it has been successful in reducing accidents, the last year’s several mishaps expose the hollowness of the railways’ claim.

According to the railways’ February, 2015 white paper, as much as 40 per cent of 1,219 line sections are utilised beyond 100 percent. It itself shows that traffic on certain sections has increased massively and the railways is slow to expedite doubling of tracks.

The railways need more funds despite the fact that it is able to spend only around 50-55 percent of its planned capital expenditure in the last fiscal.

A former railway official says the only major thing that happened in the last three years is removal of the then chairman of the railway board AK Mital and railway minister Suresh Prabhu after a string of accidents in August, 2017 in which several people were killed.

The railways need around Rs 40,000 crore for elimination of unmanned level crossings (ULCs), construction of road over bridge, road under bridge and low height subways to prevent accidents at level crossings. For track works including maintenance, the railways require Rs 30,032 crore from the government. The said works are needed to be carried out to ensure no major accident takes place.

Finance minister Arun Jaitley on Thursday said that 4,267 ULCs to be eliminated by the railways within two years which seems to be an uphill task for the railways. It is still unknown how much funds would be given to the railways for this work.

In order to reduce congestion on its network, the railways commissioned 1,528 km of broad gauge lines in 2009-14, 2,828 km in 2015-16 and 2857 in 2016-17. It has planned to commission 3,500 km of broad gauge lines in the current fiscal.

Besides, to ensure cleaner environment, the national transporter has also planned electrification of 4,000 kms in 2017 FY, the biggest ever electrification target so far.

Infrastructure works like redevelopment of 600 stations, commercial development around stations, high speed and semi-high speed trains, installation of CCTVs in trains, manufacturing German technology LHB coaches and production of train sets and locomotives are some of the other highlights of the 2018 Budget.

An official said that railways need to lay new tracks, strengthen maintenance of old tracks and focus on doubling the tracks to prevent major accidents.

Comments

 

Other News

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f

BMC commissioner Chahal conferred with hon. doctorate

BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab

Sebi to have two-track approach on ESG

Securities and Exchange Board of India (Sebi) aims to use a two-track approach on environmental social and corporate governance (ESG). Addressing a conference on ‘ESG for Atmanirbhar Bharat` in Mumbai, Sebi chairperson Madhabi Puri Buch said that that there should not be a single carbo

Accuracy more important than speed in news: Anurag Thakur

Presenting authentic information is the prime responsibility of media and that facts should be properly checked before they are put in the public domain, union minister of information and broadcasting Anurag Thakur has said. “While speed with which the information is transmitted is imp

FM concludes pre-budget consultations

Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch

Coal production rises by 18% to 448 MT

The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. The ministry of coal said

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter