57 new trains introduced in Railway Budget

57 new trains service are proposed in the Railway Budget for 2009-10. This was announced by the Minister of Railway, Mamata Banerjee in Parliament today.

1. Vishakhapatnam-Secunderabad-Mumbai Superfast (Bi-weekly).

2. Sriganga Nagar-Delhi-Nanded Superfast (Weekly)

3. New Jalpaiguri-Sealdah Superfast (Tri-weekly)

4. Bangalore-Hubli-Solapur Superfast (Tri-weekly)

5. Howrah-Bangalore Superfast (weekly)

6. Pune-Daund-Solapur Superfast (Daily)

7. Ranchi-Howrah (3 days via Ghatshila-Kharagpur and 3 days via Asansol) Intercity (6 days a week)

8. Kamakhya-Puri Express (Weekly)

9. Jabalpur-Ambikapur Express (Tri-weekly)

10. Gandhidham-Howrah Superfast (Weekly)

11. Delhi-Sadulpur Express (Tri-weekly)

12. Ajmer-Bhopal Express (by intergration of 9655/56 Ajmer-Ratlam and 9303/04 Ratlam- Bhopal express trains) (Daily)

13. Bilaspur-Tirunelveli Jn. (Thiruvananthapuram) Superfast (Weekly)

14. Mumbai-Karwar Superfast (Tri-weekly)

15. Durg-Jaipur Express (Weekly)

16. Dibrugarh Town-Chandigarh Express (Weekly)

17. Delhi-Farakka Express (Bi-weekly)

18. Hazrat Nizmmudin-Bangalore Rajdhani Express (Tri-weekly) via Kacheguda

19. New Jalpaiguri-Delhi Express (Bi-weekly) via Barauni

20. Mumbai-Varanasi Superfast (Daily)

21. Mysore-Yesvantpur Express (Daily)

22. Koraput-Rourkela Express (Daily) via Rayagada

23. Agra-Ajmer Intercity Superfast (Daily)

24. Mumbai-Jodhpur-Bikaner Superfast (Bi-weekly)

25. Agra-Lucknow Junction Intercity (Daily)

26. Hapa-Tirunelveli Jn. Superfast (Bi-weekly) via Thiruananthapuram

27. Gwalior-Bhopal Intercity Express (5 days a week) via Guna

28. Kanyakumari-Rameshwaram Express (Tri-weekly) via Madurai

29. Howrah-Haridwar Superfast (5 days a week)

30. Varanasi-Jammu Tawi Superfast (Daily)

31. Gorakhpur-Mumbai Superfast (Daily)

32. New Delh-Guwahati Rajdhani Express (Weekly) via Muzaffarpur

33. Veraval-Mumbai Link Service (Daily)

34. Ranchi-Patna Jan Shatabadi Express (Daily)

35. Jhansi-Chhindwara Express (Bi-weekly) via Bina-Bhopal

36. Mumbai-Jodhpur Express (Weekly)

37. Jamalpur-Gaya Passenger (Daily)

38. Jhajha-Patna MEMU (Daily)

39. Kanpur-New Delhi Shatabdi Express (6 days a week)

40. Bhopal-Lucknow-Pratapgarh Superfast (Weekly)

41. Lucknow-Rae Bareli-Bangalore Superfast (Weekly)

42. Shimoga-Bangalore Intercity Express (Daily)

43. Mdurai-Chennai Express (Bi-weekly)

44. Guwahati-New Cooch Behar Express Intercity (Daily)

45. Balurghat-New Jalpaiguri Express (Daily) via Kishanganj

46. Alipurduar-New Delhi Jalpaiguri Express Intercity (Daily) via Siliguri

47. Dharmanagar-Agartala Fast Passenger (Daily)

48. Rewari-Phulera Passenger (Daily) via Ringus

49. Shoranur-Nilambur Road Passenger (Daily)

50. Coimbator-Shoranur Passenger (Daily)

51. Mathura-Kasganj Passenger (Daily)

52. Farakka-Katwa-Azimganj-Nawadwip Dham Express (Daily)

53. Bangalore-Kochuveli Superfast (Weekly)

54. Kolkata-Rampurhat Express (Daily)

55. New Jalpaiguri-Digha Express (Weekly)

56. Purulia-Howrah Express (Bi-weekly)

57. Kolkata-Bikaner Express (Weekly) via Nagore

Railway Budget -2009 Highlights

Railway Budget -2009 Highlights:

Non-stop AC sleeper Turanto trains to be introduced
Superfast parcel express trains on pilot basis
Ladies special trains in Chennai, Mumbai and Kolkata
AC Yuva trains @ Rs. 299 and Rs. 339
12 new point-to-point AC sleeper trains
Turant trains to connect major Metrosc

Railways to pay higher dividend despite dip in cash surplus

Indian Railways will be paying a higher dividend of Rs 5,479 crore during the current fiscal despite over Rs 3,000 crore dip in cash surplus on account of higher wage bill following implementation of the Sixth Pay Commission award.

Railway Minister Mamata Banerjee said, “The Railways paid their full dividend liability of Rs 4,717 crore in 2008-09 and will pay an even higher dividend of Rs 5,479 crore in 2009-10.”

The Railways will be paying higher dividend despite the adverse “impact of increase in Working Expenses due to the sixth Pay Commission and sluggishness in earnings due to the economic slowdown”.

The cash surplus of the Railways during the current fiscal is expected to dip to Rs 14,201 crore from Rs 17,400 crore in the previous fiscal, mainly on account of higher wage bill during the year.

58 mn jobs to be created in 2007-12

Nearly 58 million jobs are expected to be created in the five years from 2007 to 2012 with the non-agriculture sector boosting employment during that period, the Economic Survey tabled in Parliament today said.

In the Eleventh Five-Year Plan period (2007-12), employment opportunities would surpass the projection of about 45 million, in turn helping to bring down unemployment in the country to below five per cent, according to the Pre-Budget Economic Survey tabled in Parliament today.

$500 bn infrastructure spending difficult

The government’s $500 billion infrastructure spending plan by 2012 is a tough one to achieve as fund availability is proving a problem, the Economic Survey .

“The Eleventh Five-Year Plan has estimated an investment requirement of $500 billion in infrastructure for broad- based and inclusive growth. The foregoing analysis indicates that achieving this is a challenging task,” it said.

Public initiatives of mobilising private investment is constrained by factors like inadequate shelf of bankable projects and shortage of long-term finance for projects.

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