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Ten things that will definitely form a part of upcoming Rail Budget by RailEnquiry Admin on 16 January, 2017 - 10:15 PM
RailEnquiry Admin	Ten things that will definitely form a part of upcoming Rail Budget on 16 January, 2017 - 10:15 PM
View Current redevelopment of railway stations, addition of facilities, modernization and renovation of railway workshops indicates that Indian Railways is gearing up for a policy that will invite huge amount of private investments. Recent train accidents has led railways to take desperate safety measures swiftly. A new revamped safety structure will form a part of this budget. Investment in Indian railways is not an easy process due to complex financial system of state owned public transport system. Railway will implement accounting reforms within the system to make it more transparent. To promote cashless transaction and digital payments railway will move towards adopting 100% cashless transaction facilities throughout the country. 65% of rail sections are running at 100% or way above from their capacity. Railway will come up with a plan to extend its resources by doubling the lines and commissioning of new lines. More electrification of tracks and lines will be done. Last year 1600km of rail lines got electrified, this year expect not less than 2000kms. Non – core business such as hospitality services inside the trains will be outsourced so that railway can focus more on its core business. Carrying capacity of freight trains will be increased by introducing high axle load wagons. In the next 2 years atleast 100 sidings will be made with help of private partnerships. Enhancement and improvement in services offered by the railways will be done.