Indian Railway Budget 2010 | Indian Rail Budget 2010
Indian Railway Budget 2010-11 will Present on Feb 24, 2010 (Wednesday) by our Union Minister for Railways Mamata Banerjee. Railway Budget 2010-11 is her second Rail Budget.
Railway Minister Mamta Banerjee at present might be in dilemma regarding the Indian railway Budget 2010. Whether the budget will be in favor of Common man or will it go more for revenue purpose.
Major expectations from Railway Minister is to keep passenger fares untouched so that it will be under reach of a common man.
While the Budget is unlikely to increase passenger fares, there could be a selective increase in freight rates.
Freight rates of foodgrains and fertilisers are likely to stay the same as the Centre has been facing a lot of flak on the price rise issue.
But rates of iron ore, coal and cement could rise
Mamata is likely to have more Durantos — her brainchild — connecting two major cities.
Sources say the Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC.
For 2009-10, the Budget estimates 5.8% freight growth at 882 million tonne. Sources say gross traffic receipts growth may be pegged higher. Total earnings projection is expected to be better in FY11.
The Railways may also project double-digit freight growth in FY11.
FY10 Budget estimates earnings from goods and passengers at Rs 58,525 crore and Rs 24,309 crore, respectively.
The Duranto (non-stop) train services connecting bi-cities, introduced by the minister in the last budget, are expected to increase in number this year.
Also, Banerjee is likely to bring in a special railway security fund this Budget