Rail stocks on Thursday fell by up to 8.6 per cent on the Bombay Stock Exchange (BSE) as cautious investors offloaded shares ahead of the Railway Budget, 2011-2012 to be presented on Friday.
Presenting the Interim Railway Budget for 2014-15, Railway Minister Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
Railway investment in the 12th Plan to be Rs 7.35 lakh crore
"I cannot say anything before I present the Rail Budget in Parliament. But I have alway kept in mind the interest of the poor and the common people," Lalu Prasad Yadav told reporters during an interaction at his residence.
The finance minister may stagger some of the recommendations.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Experts say the state's economy is grappling with hidden debt, rising welfare costs, and lack of transparency.
With people reposing faith in the UPA and voting for stability, this is the government's chance to fulfill its promises, ensure growth and development of the country, check runaway prices, and offer succour to the aam aadmi.
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 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.
Ad rates on regular days are less than half, media planners said.
RJD president Lalu Prasad on Thursday said Railway Budget has cheated people as it has nothing to offer.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
The price stabilisation fund will call for processing capacity for perishables.
Determination of rates will no longer be an exercise behind veils where the Railways and the users could only peep covertly at what was happening on the other side.
The Budget session of the Parliament is likely to begin from February 25 with the Presidential Address to a joint sitting of Lok Sabha and Rajya Sabha followed by presentation of rail budget and general budget on February 26 and 28.
Opposition said saying it lacked vision and road map to execute ideas.
Railway proposes to complete 273 kms of new lines including Chandigarh-Morinda-Ludhiana, Kakinada-Kotipalli and Hassan-Bangalore.
Opposition parties on Friday criticised the government's decision to hike railway fares terming it as "criminal" to burden the people with such an increase and questioned as to why Parliament was not taken into confidence before taking the step.
The Rail Budget is full of hollow promises, the Congress leader said.
Union Minister Ashwini Vaishnaw on Saturday said the Budget 2025-26 maintained the government's continuous push to improve Railways by allocating Rs 2.52 lakh crore to it and approving projects such as manufacturing 17,500 general coaches, 200 Vande Bharat and 100 Amrit Bharat trains, among others.
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
Inviting private sector for the development of railway infrastructure, the Indian Railways on Wednesday said the ambitious target of laying 1000 km of track per year would be financed through its internal resources.
The three-month long Budget session of Parliament will commence on February 23 and the general budget would be presented by Finance Minister P Chidambaram on February 28.
Presenting the Rail Budget for 2010-11 in Parliament on Wednesday, Union Railway Minister Mamata Banerjee said that there will be no increase in the passenger fares of any class or category of trains.
Prime Minister Narendra Modi on Friday said the world has seen the power of India's indigenous weapons during Operation Sindoor, which is 'not over yet'.
The Railways could tie up with technical institutions for introducing railway-oriented subject for graduation and skill development.
Senior citizens (those aged 60 years and above) will get 30 per cent fare concession on all trains, including Rajdhani and Shatabdi from Tuesday.
Mixing humour with political resolve, Chief Minister Omar Abdullah on Friday used the flagging-off ceremony of the first train to Kashmir by Prime Minister Narendra Modi in Katra to subtly but clearly articulate his government's demand for the restoration of statehood to Jammu and Kashmir.
A day after proposing fare hike in the rail budget which has threatened his job, a defiant Railway Minister Dinesh Trivedi on Thursday said he would repeat the same if asked to present the budget again.
Railways to have functional autonomy, bear salary burden
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
The Lok Sabha on Monday approved the Rail budget for 2011-12 after Railway Minister Mamata Banerjee assured the House of effecting measures to ensure availability of adequate coaches and wagons in the coming years.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
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The Railway Budget is likely to be presented in the second week of July.
Shares of engineering and wagon manufacturing firms surged by up to 4 per cent on the Bombay Stock Exchange in early trade on Friday ahead of the Railway Budget 2009-10. KK Birla Group company Texmaco, which is in the business of wagon manufacturing, gained 2.53 per cent to hit a high of Rs 123.50 within minutes of opening trade. Kalindee Rail Nirman rose by 2.80 per cent to Rs 229.30.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
The decision on the fresh round of hike has been taken under the system of fuel adjustment component about which an announcement was made in the 2011-12 rail budget.
The idea behind advancing the Budget date is to ensure that the Finance Bill is passed before the start of the financial year, on April 1, so that all central government departments get their full allocations to work with right from the first day
The high-speed free Wi-Fi internet facility is now available at 6,100 railway stations across the country, RailTel said on Tuesday. "The milestone of 6,100 stations with Wi-Fi coverage was reached today (Tuesday) with the commissioning of Wi-Fi facility at Ubarni railway station (Rae Bareli district, UP) in Lucknow Division of Northern Railway," the statement by RailTel noted.
