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Monday Feb 06, 2023

Union Budget 2023 | Indian Railways will now be superfast, Nirmala Sitharaman announced to give Rs 2.4 lakh crore


Nirmala

Pic:ANI

Delhi: Indian Railways is now going to be more superfast. 2.4 lakh crore rupees will be given to Indian Railways. Along with this, Union Finance Minister Nirmala Sitharaman has announced that 75000 new employees will be recruited in Indian Railways. Sitharaman presented the Union Budget 2023 in Parliament today. During this, he made big relief announcements.

75 thousand crores for new schemes

75 thousand crore rupees will be given for new schemes of railways. Nirmala Sitharaman also informed that Rs 75000 crore will be invested for transport infrastructure. Finance Minister Nirmala Sitharaman has announced Rs 2.4 lakh crore in the Union Budget 2023-24 for Railways, the highest in almost a decade and four times of last year’s budget. This is almost nine times of the budget presented in 2013-14.

Central Railway's special preparation for summer holidays, 96 special trains will run on these routes;  Know details
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Railway will also build 100 speed power cargo terminal

The budget has given special attention to linking food grains and ports. 50 additional airports, helipads, water aerodromes will be renovated to boost regional connectivity. This budget will also focus on the operation of Vande Bharat Express trains, which can run at a maximum speed of 180 kilometers per hour. It may be mentioned that in the pre-budget meeting, the Railway Board had demanded 25-30 per cent more funds in the budget allocation of the Finance Ministry. Presenting the general and railway budget for the financial year 2022-23, Finance Minister Nirmala Sitharaman had announced the PM Gatishakti Master Plan. He had said that the Railways would also build a 100 speed Shakti cargo terminal. They will be built in the next three years. In the last budget, the Finance Minister had announced to develop transport infrastructure for railways, small farmers and small and medium enterprises.



Indian Railways | With the help of Artificial Intelligence in Railways, you will get confirmed ticket, railway’s worry reduced, read details


Indian Railways

File pic

Delhi: In India, Indian Railways has always been doing something new regarding the safety and pleasant journey of its passengers and now Indian Railways has been able to improve its services and now with the help of Artificial Intelligence, more number of confirmed tickets Have found a way to give. Recently, Railways has developed an artificial intelligence module ‘Ideal Train Profile’. This module, developed by the Center for Railway Information System (CRIS), the in-house software arm of the Indian Railways, is capable of reducing the waiting list by 5 to 6 per cent. With the successful completion of the testing of this module, railway officials are hopeful that with its help, more confirmed tickets can be made available to the passengers, while the earnings of long distance trains can increase up to Rs 1 crore in a year. Every year lakhs of people travel by rail in India. But, due to the large number of passengers, not every passenger gets a confirmed ticket.

Artificial intelligence helps to keep passengers together

Railway officials also believe that a large number of users turn away from the railways simply because they do not get confirmed tickets. Because of this, long distance high class passengers are going towards airlines and choosing buses for short distance travel. This has increased the concern of the Railways. It has now taken the help of artificial intelligence to give more number of confirmed tickets to retain the passengers. According to a report, waiting list is such a system which always remains. A waiting list is created when the demand for passengers in a train exceeds the number of berths or seats available. To reduce the waiting list, the Center for Railway Information Systems (CRIS), the in-house software arm of the Railways, created an AI module named ‘Ideal Train Profile’. It was fed with the information of about 200 long distance trains including Rajdhani.

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Additional revenue of Rs 1 crore per train every year

During the trial several travel patterns were detected with the help of AI. Such as how the passengers booked the tickets, how far the stations were chosen and for which stations the demand for tickets was low or high. Along with this, it was also seen that in what part of the journey period, which seats remained vacant and at which time of the year the demand for seats was high. Trials of the Ideal Train Profile module revealed that this module increased the number of confirmed tickets by 5 to 6 per cent. The module worked out possible ticket combinations by dividing a single journey into number of halts and knowing the passenger behaviour. If a long-distance train has 60 halts, the AI ​​suggested 1,800 possible ticket combinations. Normally, the current system of railways suggests only 240 ticket combinations for a journey of 10 halts. According to the information received, with the help of AI, railways can get additional revenue of one crore rupees per train every year. This is because it increases the number of confirmed tickets. Passengers increase due to this. The more you update the AI ​​over time, the more accurate it becomes.



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