The state is trying hard to improve ease of doing business by several notches.
The amount constitutes 45 per cent of the railways' total wage bill.
Experts say Prabhu displays a clear intent of reforms but has not been able to fully shake-up the mammoth railway system.
The price of the Indian basket of crude oil jumped as much as 78 per cent to cross $50 a barrel last week, from a multi-year low of $28 in January.
China tops the list with 3.5 million, followed by Brazil with 918,000.
Despite these successes, Railway Minister Prabhu has had his share of criticism.
US-based $40-billion industrial goods giant Honeywell has just launched its 16th plant, a hydrocracker unit with application in oil refining, in India. The two years of Modi government have been full of optimism and energy, Anant Maheshwari, president, Honeywell India, and Steve Gimre, managing director, UOP India, tell Sudheer Pal Singh.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
The Railways plans to float an independent fund.
The prohibition has freed up as much as 60 million litres of ethanol
Grand plan: 10% GDP growth; 175 million jobs; $10-trillion economy
Talgo's Series 9 locomotive to cut Delhi-Mumbai travel time to 12 hours
Mayank Ashar, managing director and chief executive officer, Cair India, says the reform momentum should continue and the industry should do its part too.
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
Officials said the oil marketing companies had provided data to the Income Tax department.
The move is expected to bolster India's energy security.
The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
Locally manufactured coaches can achieve similar speeds as Talgo trains.
At present, less than one per cent of manufacturing GDP comes from automation in India.
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