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HIGHLIGHTS OF RAILWAY BUDGET,
1998-99
[ Part - I | Part - II ]
 | Budget Estimates 1998-99
 | Freight loading of 450 million tonnes |
| Passenger traffic estimated to grow by 5% over 1997-98 |
| Gross Traffic Receipts, at current fare and freight rates,
estimated at Rs 31,022 cr |
| Ordinary Working Expenses estimated at Rs 23,720 cr - up by Rs 350
cr from interim Budget level |
| Due to enhancement of retirement age from 58 to 60
years,appropriation to Pension Fund reduced from Rs 4,000 cr in interim Budget to Rs 2,218
cr. |
| Appropriation to DRF increased to Rs 2,473 cr as against Rs 1,500
cr in interim Budget |
| Total Working Expenses estimated at Rs 28,411 cr. |
| Net Traffic Receipts at Rs 2,611 cr. |
| Net Miscellaneous Receipts at Rs 372 cr. |
| Net Railway Revenue projected at Rs 2,983 cr. |
| Dividend payable to General Revenue increased to Rs 1,777 cr from
Rs 1,756 cr in interim Budget |
| 'Excess' works out to Rs 1,206 cr - falls short of
plan requirement by Rs 450 cr.
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| Tariff Proposals to be effective from 20.6.1998
| Fares of Second class (ordinary) increased by:-
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| Fares for First Class (ordinary) and Sleeper class (ordinary)
increased by
 | Rs 5 for distances upto 750 km |
| Rs 10 for distances from 751 km to 1500 km |
| Rs 20 for beyond 1500 km |
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| Increase of Rs 5 to 15 in monthly season tickets |
| Second Class Mail/Express fares increased from Rs 5 to Rs 25 |
| Sleeper class Mail/Express fares increased from Rs 10 to Rs 45 |
| Fares of higher classes also increased
| Rs 20 to 60 in First class Mail/Express AC Chair Car |
| Rs 42 to 120 in AC 3 tier |
| Rs 60 to 180 in AC 2 tier |
| Rs 180 to 540 in AC First class |
| 20% increase in Rajdhani and Shatabdi Express |
| Bed rolls to be supplied free in AC 3 tier |
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| Fares in Metro Rail Calcutta, increased by Rs 1 to Rs 3 |
| Surcharge in MRTS Chennai increased to Re 1 in Second Class and Rs
2 in First class |
| Computerised reservation charges increased by Rs 5 |
| Supplementary charge for super fast trains also revised to Rs 10 to
Rs 50 |
| Platform tickets to cost Rs 3 |
| Parcel rates for magazines increased by 20% |
| Newspapers spared |
| Parcel and luggage rates of all other commodities increased by 5% |
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| Proposals in regard to freight rates
| No general increase in freight tariffs |
| Freight rates for coal adjusted marginally in shorter distances |
| Classification for iron ore, manganese, and other ores, timber and
caustic soda, soda ash and rubber crude moved up by one step |
| Taper of rates for coal, cement, iron ore, steel adjusted by 1 to
2% |
| Classification of limestone, dolomite and gypsum reduced by one
step |
| Foodgrains, edible salt, urea, edible oils, kerosene, liquid
petroleum gas etc. continue to enjoy exemption |
| Above proposals to yield Rs 450 cr. |
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