ICICIdirect.com has come out with its report on Rail Budget 2012-13.
- The Rail Minister finally bit the bullet and presented a fair and practical Rail Budget 2012-13. For the first time in nine years, passenger fares were hiked in the range of 2 paisa per kilometre to 30 paisa per kilometre (~16%) in various categories of trains. The Budget estimates for FY13 set a target of | 1,32,552 crore (assuming freight loading target of 1025 MT and passenger growth of 5.4% as per Budget Estimates) for gross traffic, which is ~27.6% higher than FY12 (RE)
- The target for operating ratio for FY13 (BE) has been set at 84.9% on account of passengers fare hike and freight rate hike (announced on March 6, 2012 by ~20%)
- We believe this budget presents a realistic picture compared to the previous years
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