20 new industrial clusters will be developed in 2014-15.
Railway Minister Suresh Prabhu presented the Railway Budget at the Parliament on Thursday.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
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.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
A strong showing will be vital to Narendra Modi's chances of a second term.
In September 2013, FMC was brought under the Finance Ministry.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
The touch-screen BlackBerry Z10 phone, which goes on sale in India from Tuesday, will compete with iPhones and Galaxy series phones.
The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely on Thursday.
The Union Budget 2016-17 has cheered the NBFC sector
Boost to dairy sector will generate jobs
It is time to take a few macroeconomic risks to kick start the growth.
The words that appeared more often in the speech included tax, income, lakh and crore.
Markets rallied because of huge inflows by overseas investors.
The divestment department has lined up a host of companies.
The minister of state said the requirement of the ministry was more and resources were limited.
The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
Petrol price will go up by Rs 3.18 per litre, diesel by Rs 3.09.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Overall, the populist/ electoral elements in the budget have remained measured with the finance minister being clearly aware of a higher-than-expected rise in oil prices, less-than-planned tax revenues and the wider deficit for FY 17/18, constraining his margin of maneuver, says Claude Claude Smadja.
To begin, the Budget has no doubt attempted to address uncertainty.
The Budget decides to take the lead in revving up infrastructure.
Arun Jaitley will aim for jumps in other revenue streams for the government.
The allocation for health ministry for 2017-18 is Rs 47,352.51 crore in comparison to allocation in 2016-17 of Rs 37,061.55 crore.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Arun Jaitley presented the Union Budget in Parliament on Saturday.
There is a link between objectives and commitments.
For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.
Investors and manufacturers have long advocated the GST.
There is no end to excitement onboard the Seabreacher, a two-seat submersible watercraft, elegantly shaped liked dolphins, whales and sharks.
The party said it is "considering opposing" the proposal for taxing the PF corpus in Parliament.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Budget will get a welcome reception from the international biz.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
Finance Minister Arun Jaitley underlined that defence of every square inch of our mother land comes before anything else.
Budget was a mild disappointment. Yet, the bull run continues.
After several delays, it will be completed by Jan 2017.
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