Presenting the Interim Railway Budget for 2014-15, Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
The Lok Sabha on Tuesday approved the Interim Railway Budget with a vote-on-account for Rs 26,000 crore for expenditure in the first four months of the next financial year.
Former railway minister and Mamata Banerjee described the Interim Railway Budget for 2009-10 as 'election-oriented' and an eyewash to secure votes.
The party's national general secretary, Mukul Roy, said, "This government has no moral or ethical right to place a railway budget."
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 on Friday presented a populist interim Railway Budget in Parliament on Friday. Following is the entire speech of the railway minister:
Railway Minister Mallikarjun Kharge on Wednesday announced a slew of measures for improving the services of Indian Railways.
A total of 5,400 unmanned level crossings were eliminated in the last one year.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
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.
Faced with revenue shortfall, Railway Minister Mallikarjun Kharge is likely to refrain from announcing many populist measures in the interim budget on February 12.
Presenting the Interim Railway Budget for 2014-15, Railway Minister Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
No major announcements or tariff changes for freight or passenger segment likely to be announced.
Presenting the Interim Railway Budget for 2014-15, Mallikarjun Kharge announced that new trains will be introduced.
The Railways have decided to introduce a new series of 17 'Sampark Kranti Express' trains as part of National Democratic Alliance government's connectivity revolution that would provide quicker connectivity from states to New Delhi.
Presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, he informed that the number of consequential accidents came down to 194 in 2007-08, as against 325 in 2003-04.
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.
With an eye on the forthcoming general elections, Railway Minister Lalu Prasad on Friday presented a feel good, populist interim Railway Budget in Parliament, cutting mail and express train fares by 2 per cent and keeping freight rates unchanged.
The minister said that the objective of larger investment is to increase the transport capacity of the Railways and to reduce the unit cost of operations. Railways' investment outlays have been stepped up from Rs 13,394 crore (Rs 133.94 billion) in 2003-04 to Rs 36,773 crore (Rs 367.73 billion) in 2008-09.
Railway Minister Lalu Prasad on Friday presented a populist interim Railway Budget in Parliament.
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The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore (Rs 138 billion) from markets, as per the interim Railway Budget for 2014-15 tabled in February.
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
Presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, the minister said this is in addition to the bullet train proposals between Delhi-Amritsar, Ahmedabad-Mumbai-Pune, Hyderabad-Vijayawada-Chennai, Chennai-Bangalore-Ernakulam and Howrah-Halida which were announced in 2007-08 Railway Budget.
Indian Railways has managed to improve its freight volumes each year since the pandemic. However, its inability to add new industries and goods will pose a challenge for the national transporter in the wake of it setting an ambitious target of 45 per cent share in the national logistics by 2030. According to officials, the ministry of railways achieved 114 million tonnes (mt) of miscellaneous goods (classified as balance and other goods) in 2023-24.
It will run non-stop between Hazrat Nizamuddin and Bangalore.
The Rs 10,807-crore (Rs 108.07 billion) budget for implementation of Sixth Pay Commission recommendations and to fund various ongoing projects was passed by a voice vote. Some members were not satisfied with the budget. The BJD members walked out alleging that Orissa had been ignored.
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!
Anticipating healthier economic growth, the Railways has targeted a record Rs 1.6 lakh crore in revenue for the next financial year, while no increase has been proposed in passenger fares and freight rates.
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".
After presenting his first railway budget, Mallikarjun Kharge on Wednesday said he was not for populism but wanted to be "realistic" to ensure that the national transporter thrives for the people of the country.
The welfare of the common man continues to be the top priority. The minister has reduced fares for the fourth successive year.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
Union Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2004-2005 in the Lok Sabha on Tuesday (July 6, 2004).
The Union Minister of Railways, Lalu Prasad while presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, announced the introduction of 43 new trains which include four Garib Raths.
Train running information system will be installed at rail premises to facilitate dissemination of information about trains on real time basis.
The Railway Minister sanctioned Ganguly's request for utilising the Railway cricket complex in Kolkata for an academy.
Three new non-stop Duronto trains will be launched on Wednesday, the last day of the current financial year. They are the New Delhi-Bhubaneswar, New Delhi-Howrah, and Delhi Sarai Rohilla-Jammu Tawi Duronto expresses.
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