DYNAMIC PRICING: The railways will be using the long waiting list to its advantage by putting in place demand management through dynamic pricing. A premium AC special train was introduced in the Delhi-Mumbai sector, with shorter advance reservation period and varying premium over Tatkal fare
ENHANCING MARKET SHARE: Upgradation of rolling stock ; increasing length of trains ; rates and incentive schemes to encourage traffic to rail and minimising empty running
MODERNISATION AND TECHNOLOGY INDUCTION: A joint feasibility study for high-speed trains by India and Japan for Mumbai- Ahmedabad corridor to be co-financed by Japan International Cooperation Agency. Besides, a business development study by SNCF for the Mumbai-Ahmedabad corridor would be conducted. There will also be semi-high speed projects exploring the low cost option of speeds in the range of 160-200 kmph on select routes
ELEVENTH FIVE-YEAR PLAN: Target already exceeded in new lines (2,207 km), doubling (2,758 km) and electrification (4,556 km), production of diesel (1,288) & electrical (1,218), locos and acquisition of wagons (64,875)
NEW TRAINS AND SERVICES: Seventeen premium trains, 38 express trains, 10 passenger trains and four MEMU and three DEMU
ANNUAL PLAN OUTLAY 2014-15: Plan size fixed at Rs 64,305 crore, with a gross budgetary support of Rs 30,223 crore, internal resources generating Rs 10,418 crore and extra budgetary resources of Rs 19,805 crore, including Rs 6,000 crore in PPP initiatives
FINANCIAL PERFORMANCE 2013-14: Freight loading expected at 1,052 million tonne (mt) beating the target of 1,047 mt. Freight earnings, therefore, expected to rise to Rs 94,000 crore from the Budget estimates of Rs 93,554 crore, despite fall in leads
SURPLUS DOWN: The excess of receipts over expenditure for 2013-14 stands at Rs 7,942.95 crore against Rs 8,266.25 crore last year
TARGETS FOR 2014-15: Operating ratio is estimated at 89.8 per cent. Freight loading of 1,101 mt. Gross traffic receipts targeted at Rs 1,60,775 crore with passenger earnings (Rs 45,255 crore), goods (Rs 1,05,770 crore), other coaching & sundry earnings (Rs 9,700 crore)
RAIL INFRASTRUCTURE: By cost sharing arrangement with state governments; Karnataka, Jharkhand, Maharashtra, Andhra Pradesh and Haryana agreed to several projects
INFORMATION TECHNOLOGY INITIATIVES: Include proliferation of cash-accepting Automatic Ticket Vending Machines ; ticketing on mobile phones in unreserved segments ; system update on PNR status; online booking of retiring rooms at important stations ; online booking of meals for selected en-route stations ; introduction of e-forwarding note and electronic transmission of railway receipts for freight customers
