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.
Fight the high season and ridiculous prices with these simple and easy travel hacks.
Amid protest over the proposed ambitious semi-highspeed SilverLine rail project, also known as K-Rail, the Kerala government on Saturday published the detailed project report that estimated the cost of project to be Rs 63,941 crore.
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 Delhi government's budget size for 2022-23 was Rs 75,800 crore and Rs 69,000 crore in the preceding year.
Disposable linen in Rajdhani trains, automatic closing doors in Shatabdi and fire suppression system in passenger coaches are some of the proposals set to be announced in the Rail Budget 2014-15.
Private participation in the pilgrim sector will also be encouraged, Railway Minister Sadananda Gowda said while presenting Rail Budget 2014-15.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
The early tabling of the financial Budget ends a 70-year tradition.
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 Minister of Railways, Lalu Prasad has announced reduction in passenger fares for non sub-urban mail/express and ordinary passenger trains by one rupee for fares costing up to fifty rupees per passenger.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
Sitharaman said, public private partnership to be unleased to develop rail infrastructure.
Indicating that the exit of Dinesh Trivedi as railway minister was only a matter of time, the Trinamool Congress on Thursday said its priority was to ensure a "complete rollback" of the fare hike announced in the rail budget. "Our priority is complete rollback of the hike. How the government does it, only they have to decide. They can do it after the discussion on the rail budget or before that. It is only the government which will have to decide," said Sudip Bandopadhyay.
In a Women's Day gift, Railway Minister Mamata Banerjee on Tuesday announced free monthly seasonal tickets -- for local travel -- to girls till their college level education.
The last revision was done in June wherein passenger fares were revised by 4.2 per cent and freight rates by 1.4 per cent.
The railways is firming up plans to set up a traction motor factory in Vidisha and a wagon workshop in Visakhapatnam with an aim of stepping up its manufacturing activities in line with the 'Make in India' campaign.
Budget is likely to focus on infrastructure creation in the N-E
Stocks might hit new highs even before B-Day.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
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.
The best way for the railways to become more professional will be to get corporatised.
The 30-share Sensex ended at 26,100 mark up by 138 points and the 50-share Nifty closed at 7,787 mark up by 36 points.
Following the Budget being announced by Finance Minister Arun Jaitley, leaders across the political spectrum provided their views.
French organisers turned Paris into an open-air Olympic playground where everyone was invited, with or without a ticket.
After some enforced slowdown in offtake during April-May 2024 due to elections, the cement sector is looking at a possible demand rebound which may help it to push up prices. The April'24 offtake was muted while May'24 saw some improvement with a likely 5-6 per cent rise in demand month-on-month (MoM). In June, some price hikes seem to have been taken, which suggests more sustained improvement in demand.
The Confederation of Indian Industry (CII) has called for speedy implementation of key railway projects, such as the Dedicated Freight Corridor, high-speed rail corridors, rolling stock and other capacity enhancement works.
There would be a marginal 3% increase in freight rates.
The Indian Railways will develop few stations which will be at par with global standard.
The railway minister has steered clear of populist traps and refrained from making grandiose announcements in terms of new trains and new rail routes. He should now emulate China, and rope in Japan in boosting the rail network, says Rajeev Sharma.
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.
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
Attacking the prime minister over the removal of Dinesh Trivedi, the Bharatiya Janata Party on Tuesday said if the former railways minister was sacked due to the increase in fares, the role of the prime minister and finance minister should also be questioned in the whole episode. Trivedi, who had presented the Rail Budget on Wednesday, was replaced by Trinamool Congress with Mukul Roy after party chief Mamata Banerjee opposed the increase in rail fares.
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