You are here: Home » Budget » Railway Budget » Top Stories
Business Standard

Railway Budget 2015: No new trains, no hike in passenger fares, freight hiked

This is the first time in many years that the Railways Minister has not announced any new trains

Sanjeeb Mukherjee  |  New Delhi 

In a radical departure from his predecessors, Railway Minister Suresh Prabhu did not announce a single new train or extension of services in his for 2015-16. However, in a move that will likely go down well with passengers, he also did not increase passenger fares.

This is perhaps the first time in many years that an incumbent railway minister has not announced any new train.

The minister however assured his colleagues in Parliament that he will take requests from all MPs over the next few days and review them before announcing any new train.

Read our full coverage on Union Budget

Annual passenger capacity of Indian railways is projected to increase from 8.35 billion in 2014-15 to 8.60 billion in 2015-16 and freight capacity is expected to increase from 1.10 to 1.18 billion tonnes during the same period.

Prabhu also announced a slew of passenger facilities including mobile application for complaints, water vending machines in major stations, CCTVs cameras in some long-distance trains and EMUs.

Freight rates were however hiked in general barring high-speed diesel which was lowered by 1%. Rates were hiked by 0.8% for LPG, kerosene, 0.8% for iron & steel; 2.7% for cement, 10% for urea and 6.3% for coal.

The railway minister also announced that surplus coaches from trains which are running on low capacity, will be rationalised and added on lines which have high density.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 26 2015. 13:33 IST
RECOMMENDED FOR YOU