Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
Here's your weekly digest of the craziest stories from around the world.
'Mulk gets a lot of things right, including its vision of the country as a place where underneath the punctilious, forced-secular surface there are volatilities waiting to go off,' says Sreehari Nair.
The loan will be utilised in several developmental projects that Nepal wants to undertake. Nayanima Basu reports.
However, he refrained from speaking on Mexican immigrants and also declined to repeat his frequent promise to force Mexico to pay for the wall.
Modi, who is undertaking his first visit to China as prime minister, will reach the ancient city of Xi'an, the home town of President Xi Jinping, for a summit meeting, an unusual departure from normal protocol and seen as a reciprocal gesture by the Chinese leader who was hosted by Modi in Ahmedabad when he visited India in September last year.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
'Shivaji was among a handful of Indian rulers to realise the importance of sea power... Not much attention is paid to his remarkable achievement: Building a modern navy and the revival of Indian maritime power.'
It is domestic policy distortions and inaction to correct them that lie behind the large CADs.
Exports are slowing and economic growth in major markets for Indian goods has taken a hit.
New Delhi remains a priggish suitor to Washington's overtures, but it has begun appreciating potential tech benefits to ties with the US.
Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry
India Inc has few leaders who are likely to grab headlines in 2015.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
'Chinese leaders rarely receive their foreign guests in cities other than Beijing. Such respect for India!' 'Does it mean that Modi could replicate "the warmth and unconventional way" by sending Indian troops into Tibet, as Xi did in Chumur (Ladakh) when he arrived in India? Of course, Indians are far too polite to do so,' says Claude Arpi.
An inspired performance from Douglas Costa helped Brazil to a 3-0 win over Peru on Tuesday and lifted them into third place in the South American qualifying group for the 2018 World Cup in Russia.
While the state's decision to take the road to Prohibition has been given a communal twist, there are several political imperatives of the move
As India rises, creating niche areas for itself in the Asian landscape, China and India are bound to step on each other's vital areas of importance, says Srikanth Kondapalli.
Customs and excise duty rates have been amended mainly to promote Make in India.
'It is vital we should form an international coalition against ISIS, because their brutality and the use of the Internet for jihadist activities is a reminder that the entire world community has to be in this together,' US Congressman Ed Royce, chairman of the House Foreign Affairs Committee, tells Aziz Haniffa/Rediff.com in an exclusive interview ahead of Prime Minister Modi's visit.
'Live a healthy lifestyle. Like what our parents taught us. Like our parents' parents taught them.' 'We become obese. In obesity the chance of cancer increases.' 'Any new symptom? Please talk to your doctor. Some screening test might need to be done.'
The Long Range Surface to Air Missile jointly being developed by India and Israel is an answer to potential threats from Pakistan's anti-ship missile.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
The euphoria of Ab Ki Baar Modi Sarkar will fade quickly if the Modi government does not raise its game, and focus significant monetary resources and managerial skills on making India's infrastructure truly world-class, says Ram Kelkar.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
Samsung is ready with refreshed Galaxy A handsets for the year 2016, but neither the absence of Marshmallow nor an iffy OS performance of the new Galaxy A5 can be ignored, says Himanshu Juneja
Japan has the capital and needs to pull out of China, which has been its major destination. India, on the other hand, desperately needs capital especially for infrastructure, argues Rajeev Srinivasan.
We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
Muzzling NGOs is unbecoming of a democracy. Self-confident democracies encourage, indeed applaud, the involvement of citizens' associations, including NGOs, in social and political decision-making and development planning. Instead, our paranoid government bullies and terrorises them, says Praful Bidwai.
The government has provided a long-term vision.
Indian economy about to take-off
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
'There is no change in the overall story of economic recovery.'