Speaking to reporters in Chennai, he said that once the budgets merged, the responsibility of raising funds for the Railways will be with the central government. This would also help its functioning, he added.
The centre has decided to merge the Railway budget with the Union Budget from 2017, and constituted a five-member committeed to take the merger plans forward, according to reports.
Read our full coverage on Union Budget 2016
The Ministry has set up its new targets and is evolving its organisational structure to suit the changing times, he said. It is also creating new organizations and changing its process of delivery to bring in more transparency. It is also bringing in new organisations such as Railway Planning and Investment Organisation, Speacial Unit for Transportation Research and Analytics(SUTRA) for data analytics and Special Railway Establishment for Strategic Technology & Holistic Advancement (SRESTHA) for R&D.
Indian Railways is introducing new services and upgrading existing ones and will be providing long distance services: Hurnsafar - three tier air conditioned, Antodaya- Completely Unreserved and Tejas- a premium travel experience on Indian Railways.
The Passenger Earnings of Southern Railway during April- August 2016 was Rs 2022.31 crore compared to Rs 1,986.66 crore during the corresponding period last year.
By aggressive marketing and sustained campaign, the sale of tickets through UTS Mobile App has gone up to 2000 tickets per day recording a revenue of Rs 1.16 crore till August 2016, he added.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)