The opposition National Democratic Alliance stalled the Question Hour in both Houses of Parliament on the Quattrocchi issue and did not allow the Rail Budget to be read out in the Lok Sabha.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.
Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of the Union Budget 2026-27, to be unveiled on February 1 in the Lok Sabha.
The Rail Budget we have prepared is in the interest of the nation and railways.
With the Rail Budget scheduled to be presented in the Lok Sabha on July 3, Railway Minister Mamata Banerjee said on Wednesday that it will be a people's budget.
Biju Janata Dal termed the Budget, which was presented in Parliament by Rail Minister Sadananda Gowda, 'quite shocking' and 'illogical' as it complained that no emphasis had been made in it for the areas that generated more revenue from freight.
Likely to be merged with Union Budget from FY18
With a view to reducing its dependence on conventional sources of energy, Railways is looking to harness solar power in a big way and is likely to include a plan for the same in its upcoming budget.
Railways Minister Sadananda Gowda will present his maiden Rail Budget on July 8 in Parliament.
Railway Budget will be presented on February 26.
The Indian Railways will borrow Rs 15,000 crore (Rs 150 billion) from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, Railway Minister Dinesh Trivedi said on Wednesday.
According to sources close to her, the budget in a way would reflect Mamata's vision for the Railways in the coming years and means of generating resources for key projects.
Prime Minister Manmohan Singh on Friday hailed Railway Minister Mamata Banerjee for doing a 'competent job' at a short notice, saying the Railway Budget will make train travel an "enjoyable experience".
The first Railway Budget of this Bharatiya Janata Party-led National Democratic Alliance government is a cosmetic exercise, high on rhetoric and low in substance, the CPI-M said.
The Railways will invest Rs 1.21 lakh crore (Rs 1.21 trillion) in 2016-17.
"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
Trivedi presented the Railway Budget in the Parliament on Wednesday.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Railway Minister Lalu Prasad on Friday presented a populist interim Railway Budget in Parliament.
Railway Safety Plan for 12th Plan would be Rs 16,842 crore (Rs 168.42 billion), the Railway Minister informed the Lok Sabha.
It was the humble 'jhola' rather than the traditional leather briefcase Railway Minister Mamata Banerjee preferred to bring her budget papers to Parliament on Friday.
Deputy leader of BJP in the Rajya Sabha, S S Ahluwalia, maintained that both Houses of Parliament had to be adjourned on Tuesday as the government did not agree to put to vote the discussion on price rise in the Upper House and did not accept adjournment motion in the Lok Sabha.
All meter gauge, narrow gauge sections to be made broad gauge.
Finance ministers of states demanded an increase in allocation under 50-year interest-free loan scheme, while fiscally stressed states like Punjab and Kerala pitched for a special package and borrowing flexibility, sources said on Friday. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman, states have also urged for higher borrowing limits to support fiscal activities, besides additional funds for Jal Jeevan Mission.
Suresh Prabhu's maiden Railway Budget presentation, peppered with personal references and quotes, turned out to be a smooth affair.
You will see purified drinking water, focus on cleanliness, and ticketing reforms.
India's railway will borrow Rs 151.03 billion ($2.80 billion) from markets for the financial year 2013/2014.
The Indian government has increased the salaries of Members of Parliament (MPs) by 24 percent, effective April 1, 2023. This increase was based on the Cost Inflation Index and brings their monthly salary to Rs 1.24 lakh. The notification also included increases in daily allowances for sitting members, pension, and additional pension for former MPs. While some MPs welcomed the increase, others expressed dissatisfaction and instead advocated for a rise in the MP Local Area Development Fund (MPLADS). The increase has been implemented based on the Salary, Allowances and Pension of Members of Parliament Act and the Cost Inflation Index specified in the Income Tax Act of 1961.
The Rail Budget presented by Railway Minister Mamata Banerjee in Parliament on Wednesday has received mixed reactions from the commuters in Mumbai.
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
The political storm in the United Progressive Alliance government over Railway Minister Dinesh Trivedi issue on Thursday gave an opportunity to the Bharatiya Janata Party to charge that the government is short of number and is shying away from facing the amendments to the President's address in Parliament.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
The long and irritating experiences of booking train ticket through IRCTC website seems to be a thing of past now as the Railways on Wednesday launched the next generation e-ticketing system enhancing the booking capacity to 7200 tickets per minute and making the whole process much faster and easier.
Railway Minister Mamata Banerjee will present the Rail Budget on July 1.
Chaos is expected to return to Parliament on Wednesday with the Opposition prepped to target Education Minister Smriti Irani in both Houses.
Chaos is expected to return to Parliament on Wednesday with the Opposition prepped to target Education Minister Smriti Irani in both Houses.
The Union Budget delayed because of elections in five states will now be presented on March 16, four days after Parliament will begin its Budget session.
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