Suresh Prabhu presented the Rail Budget on Thursday.
Budget is likely to focus on infrastructure creation in the N-E
Deviating from past practice, the Railway Budget for 2003-04 will be presented at 1100 IST instead of 12 noon on February 26, official sources said on Friday.\n\n\n\n
It has been another lost year for the Railways despite the intra-year measures to compensate for the rise in fuel costs.
Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2005-06 in Parliament on Saturday.
For the seventh year in a row, passenger fares are unlikely to be revised in the Railway Budget to be presented on Wednesday Mamata Banerjee is once again set to reach out to the common man with populist measures.
The Railway Budget was a mixed bag for India Inc with industry bodies cautioning that the hike in freight charges will fuel inflation, while other chambers said some proposals if implemented could set the growth multiplier in motion.
Passenger amenities, safety and security will have priorities in the next Railway budget which is likely to be presented on July 1, Railway minister Mamata Banerjee has said.
The decision to cut development expenditure does not bode well for safety and amenities.
Shares of engineering and wagon manufacturing firms surged by up to 4 per cent on the Bombay Stock Exchange in early trade on Friday ahead of the Railway Budget 2009-10. KK Birla Group company Texmaco, which is in the business of wagon manufacturing, gained 2.53 per cent to hit a high of Rs 123.50 within minutes of opening trade. Kalindee Rail Nirman rose by 2.80 per cent to Rs 229.30.
Railway Minister Suresh Prabhu announced new initiatives.
The proposed construction of 100 railway budget hotels across India to meet the Commonwealth Games tourist rush has hit a road block with no clear signal as to which authority will execute them.
We have here a list of a dozen of her proposals in random order. Please take the poll at the end of the slide show to select the one which you feel is the best thing about this year's Railway Budget.
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Suresh Prabhu presented the Railway Budget on Thursday.
A total of 5,400 unmanned level crossings were eliminated in the last one year.
The Rail Budget will announce introduction of AC suburban trains in Mumbai.
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
The best way for the railways to become more professional will be to get corporatised.
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
For 2017-18, the plan size has been pegged by the Railways at Rs 1,31,000 crore.
He said the budget is a watershed moment for Railways.
Railway Board Chairman JP Batra, Railway Board Financial Commissioner R Sivadasan and Officer on Special Duty Sudhir Kumar burn midnight oil and help in giving shape to Lalu's vision.
India's luxury trains are among the world's best.
Union Railway Minister Dinesh Trivedi said the new Express Trains would include 9 AC Express Trains including double Decker Express Trains between Chennai-Bangalore and Habibganj-Indore.
There will be provision for a few new trains including premium and services connecting various pilgrim centres in the Rail Budget 2014-15.
The freight earning's accounts for two-third of the total earnings of IR.
Mamata appealed to business houses to join hands for building partnership with the Railways.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
The high-speed free Wi-Fi internet facility is now available at 6,100 railway stations across the country, RailTel said on Tuesday. "The milestone of 6,100 stations with Wi-Fi coverage was reached today (Tuesday) with the commissioning of Wi-Fi facility at Ubarni railway station (Rae Bareli district, UP) in Lucknow Division of Northern Railway," the statement by RailTel noted.
Train fares have been hiked by 5 paise per km for Sleeper Class, Union Railway Minister Dinesh Trivedi announced on Wednesday.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
"Earlier, governments were busy in vote bank appeasement but we are busy satisfying people," the prime minister said.
Presenting the Interim Railway Budget for 2014-15, Railway Minister Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
Faced with revenue shortfall, Railway Minister Mallikarjun Kharge is likely to refrain from announcing many populist measures in the interim budget on February 12.
Union Railway Minister Dinesh Trivedi in his maiden Budget announced passenger amenities worth Rs Rs 1,112 crore in 2012-13 as against Rs 762 crore in current year.
In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.
The time is opportune for doing away with the practice of a separate rail budget, and for replacing the railway ministry with an umbrella ministry of transport.
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