The minister said a premium service for container movement with assured transit time was under consideration for time sensitive cargo.
The Indian Railways lost about 40 per cent of its business due to disturbance including Maoist violence and agitations.
The net revenue of the Indian Railways is likely to grow by 32.93 per cent to Rs 11,993.13 crore (Rs 119.93 billion) in 2011-12 compared to revised estimated income for this fiscal, Railway Minister Mamata Banerjee said on Friday.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
The NSE Nifty closed at 4861, lower by eight points. The mid-cap and small-cap indices ended marginally lower.
Deputy leader of BJP in the Rajya Sabha, S S Ahluwalia, maintained that both Houses of Parliament had to be adjourned on Tuesday as the government did not agree to put to vote the discussion on price rise in the Upper House and did not accept adjournment motion in the Lok Sabha.
The Budget Session of Parliament will commence on February 22 and the General Budget for 2010-11 will be presented on February 26.
Train running information system will be installed at rail premises to facilitate dissemination of information about trains on real time basis.
In the Railway Budget presented on February 24, the Railways had revised downwards the revenue excess estimate by nearly 65 per cent to Rs 951 crore from the earlier projection of Rs 2,642 crore.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Lalu handled the obstacle of 'departmentalism' with ease.
"This budget is most directionless budget presented by the Union railway minister Lalu Prasad...it's nothing but jugglery of words," BJP spokesperson Shahnawaj Hussain said. "Railway minister should also present an outcome and performance budget after each railway budget so that people could know which of promises made during his rail budgets were actually implemented," party general secretary Ananth Kumar said.
In his interim Railway Budget for 2009-10, Lalu announced the extension of 2187/2188 Jabalpur-Mumbai-Jabalpur biweekly Garib Rath Express to Allahabad. The trouble, however, is that the Jabalpur-Mumbai-Jabalpur Garib Rath does not exist!
Railways minister Mamata Banerjee announced the proposal to construct 6,560 staff quarters during the year 2009-10. A thrust would be given under the Corporate Welfare Plan for improvement of staff quarters and colonies. The Budget also proposes to set up indoor stadia in major railway divisions and zones to promote sports and cultural activities among the railway employees.
'Duronto' trains, a non-stop service connecting metros and major state capitals, was announced on Friday by Railway Minister Mamata Banerjee.
Passengers can now buy reserved tickets from 5,000 post offices, Railway Minister Mamata Banerjee said presenting the Railway Budget on Friday.
negotiations are on with FIs for funding these projects
If the Indian Railways, therefore, wishes to implement its expenditure plans as outlined in the Interim Railway Budget, it has to look for alternative sources of funding. One option under study is to adopt the PPP route to implement new projects. Mamata Banerjee's first Railway Budget in the United Progressive Alliance government, therefore, may outline major PPP initiatives for several new projects, say railway officials.
At the helm of India's most enterprising ministry, Mamata Banerjee promises the best service from the Indian Railways.
BJP termed the Rail Budget as disappointing and the concessions it gives an eyewash.
Ministers may come and ministers may go but the attitude of the RB remains the same forever, and it is this group that really calls the shots in Indian Railways, says S Pushpavanam.
"Dada and Didi have failed the people. Both are concerned only about West Bengal. The county had seen Didi a few days back. Today it also saw Dada."
The Indian Railways will invest Rs 41,426 crore (Rs 414.26 billion) in 2010-11 for sprucing up its network, and over a third of the planned outlay would go towards manufacturing coaches.
A Trinamool Congress member on Wednesday used the debate on price rise in the Lok Sabha to attack BJP over Tuesday's incident in the House where members came to the verge of a clash.
Passengers can now look forward to enjoying home cooked local food supplied by self-help groups during their train journey.
For example, railways, roads and highways, and shipping could form a section within the Budget as an omnibus transport sector
The Railways on Monday announced that Tatkal reservation on trains will open only two days before the journey, instead of the past practice of when Tatkal tickets were available five days in advance.
The Railway Budget was on Thursday passed by the Lok Sabha with Minister Mamata Banerjee announcing a slew of measures to tone up the functioning of the Railways in terms of amenities and safety and deciding to set up an expert committee to prepare a blueprint for future.
Railway Minister Lalu Prasad speaks on how he achieved the railways' turnaround.
Railway Minister Lalu Prasad was at his humourous best while presenting the Interim Railway Budget in the Lok Sabha on Friday, with a fair sprinkling of quotable quotes, couplets and witty replies to interventions.
Presenting the Interim Railway Budget 2009-2010 in the Lok Sabha on Friday, the minister said that Palej, Panoli, Kosamba and Kim in the districts of Surat and Bharuch in Gujarat, Roshanara Garden and Sultanpuri in Delhi, Shastrinagar and Model Town of Ludhiana in Punjab and Vasarpadi in Tamil Nadu will be considered on priority for construction of ROBs and RUBs.
They may be on the same side of political power, but that did not stop Railway Minister Mamata Banerjee and her predecessor Lalu Prasad from taking pot-shots at each other during the presentation of Railway Budget in the Lok Sabha.
PSUs under the railways ministry include Ircon International, a turnkey infrastructure construction company; Railtel (telecom); Indian Railway Catering and Tourism Company; and Rites, a consultancy, engineering and project management firm.
In a move to increase safety measures, Railway Minister Mamata Banerjee said she plans to increase the number of women commandoes, and women RPF squads, especially in stations where women come in large numbers regularly.
The period of advance booking under the Tatkal Scheme is being reduced from the current 5 days to 2 days. Tatkal tickets will be made available destination-wise instead of from end to end thereby reducing the financial burden on passengers.
Railway Minister Mamata Banerjee has announced Yuva air-conditioned (AC) trains to be introduced for the youth whereby one would have to pay Rs 299 for distances upto 1,500 km and Rs 399 for distances upto 2,500 km. The Railways will also start non-stop trains, Turonta for the first time in history. The 12 trains include - Howrah-Mumbai, Chennai-Delhi, Delhi-Pune, Howrah-Delhi, Kolkata-Amritsar, Mumbai-Ahmedabad, Delhi-Jammu, Delhi-Allahabad.
Presenting the Railway Budget on Friday in the Parliament, Railway Minister Mamata Banerjee proposed an outlay of Rs 40,745 crore for 2009-2010, which is 2,840 crore more than the allocation proposed in the interim budget.
The Lok Sabha will apply guillotine on discussions on demands for grants by the third week so as to complete the entire budgetary process in Parliament by July 27.
As per convention, Railways releases the new time table -- Trains at a glance -- every year on July one across the country. Sources said this year the Railway Time Table Committee, comprising senior officials from various zones, will sit after the Railway Budget is tabled in Parliament.
With finance ministry officials working overtime to give final touches to the country's biggest fiscal exercise, here's a look at the key people who make the Budget.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances