This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
Rail Budget caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter
The amount constitutes 45 per cent of the railways' total wage bill.
Freight rates for 12 commodities hiked.
In July last, fares were increased by 14.2%.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Indian Railways has plans to decongest network and become more self dependent.
Disclosing details of his assets, he said the reports about the rise in his wealth had been done without checking facts.
The aim is to reduce working expense by about 15 per cent.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
The Reserve Bank may cut key interest rates as early as this week.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Attacking the government for a provision of a mere Rs 500 (Rs 5 billion).
Speaking at a programme at Kolaghat in West Midnapore district, the chief minister said, "We are against forceful acquisition of land. In West Midnapore district the Haldia Development Authority and West Bengal Industrial Development Corporation have land banks. "We will allot land for projects from there."
Former Railway Ministers were not on the same track as incumbent Sadananda Gowda, calling the Rail budget "pro-rich" and a " Modi gadget" which has nothing new to offer.
'The government must understand that the Indian Railways is like a Kamdhenu cow. It can look after your GDP, it can look after the health of the nation. But the Kamdhenu cow also needs nourishment.' 'You have not at all looked after the Indian Railways, you have ill treated the Indian Railways, you have mistreated the Indian Railways and you have given the Indian Railways step motherly treatment.' 'I don't think this government has understood the Indian Railways.'
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
The finance minister's Budget presentation is a sombre affair, yes, but it wasn't as if the Lok Sabha was all serious through the speech.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
The 15th Lok Sabha will go down in the history as the most disrupted in Independent India so far including the pepper spray incident which marked a new low in parliamentary conduct.
Prabhu's maiden Railway budget is high on vision.
Railway Budget will be presented on February 26.
The lawmakers seem as uninterested as those who use the railways.
For its development, India needs a movement akin to the freedom movement, Prime Minister Narendra Modi said on Saturday.
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
Slamming the Bharatiya Janata Party government for spurt in prices of essential commodities during its 45-day rule, Opposition Congress on Monday took potshots at Prime Minister Narendra Modi for riding to power on promise of controlling inflation yet doing nothing on it.
Finance Minister Arun Jaitley will take a final call on whether to break the tradition of presenting a separate Rail Budget, by merging it with the General Budget.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
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Many of the PPPs have not evinced interest, Prabhu said.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
'At the first sign of rain, Mumbai's infrastructure begins crumbling.' 'The monsoon is the true test of the durability and effectiveness of any system.' 'What most don't realise is that the city is dead,' mourns N Suresh.
The Budget decides to take the lead in revving up infrastructure.
"Call it a craze, fever or national interest but HSR is our window to the outside world."
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Prime Minister Narendra Modi on Monday asked the Election Commission to take serious note of Chief Minister Bhupinder Singh Hooda clearing the land deal between Robert Vadra and DLF, alleging that it was done hastily as the Congress faced "certain defeat" in the October 15 Haryana assembly polls.
Suresh Prabhu has announced a slew of measures to improve servcies in trains and railway stations
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