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we are facing a situation of empty coffers but eagerness to expand.
Railway Minister Sadananda Gowda tells Rediff.com's Vicky Nanjappa that FDI in railways would be permitted only in infrastructure and not operations.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
No fare hike was announced in the Railway Budget for 2019.
The Railways will invest Rs 1.21 lakh crore (Rs 1.21 trillion) in 2016-17.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
Gujarat Chief Minister Narendra Modi on Tuesday termed the railway budget as "anti-development" and said that it reflects the "non-performance of the UPA government".
As experts have to say, this year's Railway Budget will by no means a populist one.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
Let's take a look at some behind-the-scene activity before the presentation of the Railway Budget.
The Railway Budget on Tuesday proposed a major revamp of the passenger reservation facility by transforming it into a next generation e-ticketing system, supporting 7,200 tickets per minute and allowing 1.20 lakh users simultaneously.
Travellers can now get read-to-eat-meals on board a train.
Railways is expecting investment through various partnerships.
General Budget is a terminology earlier used to differentiate between the Union Budget with the Railway Budget. Full-fledged budgets are titled "Union Budget", while interim Budgets are titled just that.
He feels that the Budget presents a realistic picture of railway finances.
"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.
Catch all the debates and discussions from the Lok Sabha.
A look into Railway Minister Mamata Banerjee's Duronto trains.
Nationalist Congress Party on Tuesday expressed grave disappointment over the railway budget with its chief Sharad Pawar telling a meeting of the United Progressive Alliance coordination committee that Mumbai has been neglected, which is "not acceptable".
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
Railway Minister Mamata Banerjee presented the Railway Budget on Friday. In her third Railway Budget speech, Banerjee said atleast one doctor will be available on long distance trains.
The S&P BSE Sensex ended down 321 points at 23,089.
The Railway Budget speech underscored the Congress party-led government's focus on inclusive growth, after it was re-elected by\na wider-than-expected margin in May.
Banerjee wants the two top leaders of the United Progressive Alliance to nudge the Planning Commission into including some of her most important initiatives in the Railway Budget.
Two premium new long-distance trains and plan to convert a strategically important metre gauge line into broad gauge were announced on Wednesday for the Northeastern region in the Railway Budget, but opposition BJP and AGP dubbed the sops as "frustrating".
Though a host of pro-public announcements made by her in the last Railway Budget (2010-11) has been implemented, Indian Railways' finances have gone from bad to worse.
Trivedi's resignation came amidst the exodus from Mamata Banerjee's party ahead of the West Bengal assembly poll.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
Much more needs to be done, the minister told the Lok Sabha.
From filling vacancies in government jobs to providing a minimum support income of Rs 72,000 per year for the poor families, the party went all out to woo the voters.
The clarification comes in wake of media reports that Finance Ministry is contemplating to merge the Railway and General budgets and change the financial year.
The Indian Railways will be the lead partner for Commonwealth Games. Special trains will run during the Commonwealth Games.
"Of the structural reforms, the GST has been the most historic in our country. Its chief architect is not with us today. I pay homage to the visionary leader late Arun Jaitely. GST has been gradually maturing into a tax that has integrated the country economically," she said during her budget speech.
CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Thiruvanathapuram, Chennai, Bhopal, Madhura Junction, New Jalpaiguri and Kochi are some of the stations that will be modernised.
The words that appeared more often in the speech included tax, income, lakh and crore.
The Opposition on Wednesday slammed the Railway Budget saying it will promote regional imbalance and criticised its use to promote political ends. Initiating the general discussion on the Railway Budget in the Rajya Sabha, Kalraj Mishra (BJP) said Uttar Pradesh and Bihar have been neglected and most of the projects have gone to West Bengal.
A slew of concessions, including for carriage of foodgrains, kerosene and fertiliser, were announced by Railway Minister Mamata Banerjee in the Railway Budget 2010-11. Cancer patients travelling for treatment would get 100 per cent concession in third AC and sleeper classes.
Mamata Banerjee's Railway Budget evoked mixed reactions. While corporate India welcomed the moves made by the railway minister, opposition political parties flayed the budget calling it a fantasy and opoortunistic. Read on...
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