Railways Minister Suresh Prabhu is presenting the Railway Budget for fiscal 2015-16 in Parliament.
The highlights are as follows:
. Safety is of paramount importance.
. To prevent fire in coaches, Railways will install train protection warning and train collision avoiding systems.
.Railways to introduce a technology portal to invite innovative technological solutions.
. Railways proposes to move from preventive to predictive maintenance.
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. Railways to launch foreign rail technology cooperation scheme.
. Railways to set up 'Kayakalp' to help in technology upgradation.
. Railways to decentralise, deregulate and delegate to make freight business simpler.
. Railways to get a system audit conducted within next two months
.Railways Plan size increased by 52%; 41.6% GBS; 17.8% internal generation.