Railway Budget 2012-13, Railway budget 2012-13 india, Indian railway budget 2012

Approval received for Rs 25,000 crore as GPS for 2012-13:

The cash-strapped railways is understood to have got an approval of Rs 25,000 crore as gross budgetary support (GBS) from Finance Ministry for the fiscal 2012-13.

The national transporter, facing financial crisis due to various reasons, had asked for Rs 50,000 crore as GBS to over out several rail infrastructure projects. Last year, it had got Rs twenty,000 crore as the GBS for 2011-12.

The increase of Rs 5000 crore from last year in GBS is being regarded as a dampner as Railway Minister Dinesh Trivedi had pitched for higher fund allocation to undertake huge modernisation work.

"The approval for Rs 25,000 crore, an increase of Rs 5000 crore from the last year as GBS from Finance Ministry came yesterday," sources in the railways said. The Railway Budget will be introduced in Lok Sabha on March 14 followed by the General Budget on March 16.

This may lead to extreme cutting in expenditure for infrastructure projects like laying new lines, new rolling stock acquisition & electrification, among others, they said.

Trivedi has maintained that the railways require huge overhaul to take the transporter to the next generation.

The installation of train protection warning system to prevent accidents, replacement of conventional coaches with LHB coaches, high speed train set, elimination of level crossings & improving amenties at trains & stations are a number of the priorities of the railways in the 2012-13 budget.

Recently professional committees - Kakodkar Committee & Pitroda Committee - appointed to recommend safety & modernisation measures, recommended for atleast Rs 70,000 crore in a year to over out upgradation work.
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