Railway Budget Highlights 2016-2017

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Railway minister Mr. Suresh Prabhu announced Rail Budget 2016. 
    1. Railways to get Rs 40,000 crore budgetary support from the government
    2. Rs 8.5 lakh crore to be spent over 5 years for modernization of railway infrastructure
    3. Railway electrification increased by 50%; 2,000km route to be electrified next fiscal
    4. Completely paperless contract system in 2016-17
    5. WiFi in 100 stations this year and 400 other stations next year
    6. To have CCTV surveillance at all stations, 300 major stations covered this year
Enhanced capacity of e-ticketing system – from 2000 tickets a minute to 7200 a minute
  • 44 new projects valued at Rs 92,714 crore to be implemented this year
  • 2 locomotive factories at the cost of Rs 40,000 crore to be set up
  • 400 stations to be re-developed through PPP
  • Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be increased 40% more
  • Lower berth quota for senior citizens to be increased by 50%
  • Will introduce sub-quota of 33% for women in each of the reserved categories in catering
  • 17,000 additional bio-toilets to be provided by the end of current fiscal
  • 2,800km of broad gauge track conversion envisaged
  • 7km of broad gauge lines to be commissioned every day during 2016-17
  • Three direct services, fully air-conditioned Humsafar, to travel at 130km per hour
  • To introduce 20,000 screen rail display network for passing info to passengers and huge advertising potential
  • 17 states agree to form JVs with Indian Railways for construction of rail-over-bridges
  • Direct procurement of diesel to help save Rs 1,500 crore in 2016-17
  • LIC to fund Rs 1.5 lakh crore over five years on favourable terms
  • Rs 50 crore to be provided for startups by railway employees
  • Commission 2,800km of new tracks in next year, almost 30% higher than last year