Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2005-06 in Parliament on Saturday.
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.
If the current revenue figures are any yardstick to go by, Railways could just about miss their target for the present fiscal ahead of the Rail Budget.
After several delays, it will be completed by Jan 2017.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
The project includes a 300 kms rail line connecting Adani's planned Carmichael Coal Mine, Northwest of clermont, to the Abbot Point Coal port, near the Great Barrier Reef.
Prime Minister Narendra Modi on Friday inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest bridge as well as the longest sea bridge in the country connecting south Mumbai with Nhava-Sheva in Navi Mumbai.
In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.
Union Railway Minister Lalu Prasad Yadav announced 55 new trains in the Rail Budget 2006-07 for different destinations across the country.
Railways proposes to complete over 550 kms of new lines in eight sections, Railway Minister Lalu Prasad Yadav announced on Friday.
"Railways has received a request from the government of West Bengal to set up a coach factory in Singur," Banerjee said while presenting the rail budget for 2010-11 in Parliament.
Leader of the Opposition Lal Kishenchand Advani said the protest against 'tainted ministers' will continue through other means outside Parliament.
Railway Minister Lalu Prasad is expected to announce a slew of initiatives for select Shatabdi and Rajdhani trains in the coming rail budget, including access to on-board free Internet and Direct-to-Home (DTH) services.
A white paper on rail safety would be presented in Parliament during the current Budget session for a threadbare debate taking into consideration all aspects of passengers' protection, Railway Minister Nitish Kumar told the Lok Sabha on Thursday.\n\n\n\n
The meeting is a prelude to the framing of a public private partnership policy for the railways.
The Railway Minister Lalu Prasad on Saturday proposed to start 46 new trains in the Rail Budget for 2005-06.
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
In a move that will bring cheer to rail commuters in Mumbai, Railway Minister Lalu Prasad on Monday said suburban train services in Mumbai would be increased.
It was noise and pandemonium all around but Lalu Prasad Yadav's Rail Budget speech chugged on in the Lok Sabha on Monday non-stop till it reached its destination.
The Union government is reportedly considering doing away with the practice of presenting a separate Railway Budget.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Modi said that for nearly one and a half years he has been putting in place details of new schemes to give new pace to the country's development and curb poverty.
A proposal to increase rail fare is under examination and a decision will be taken shortly, Railway Minister Mallikarjun Kharge said on Thursday.
Presenting his fifth Rail Budget in the Lok Sabha on Tuesday, Railways Minister Lalu Prasad said that the Railways had set up new profit records in 2007-08 attaining a profit of Rs 25,000 crore.
The record of the new government would be spotless but for the increase in rail fares and the delay in gas price hike
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
The minister of state said the requirement of the ministry was more and resources were limited.
Hyperloop concept was first released in 2013 by Tesla and SpaceX's Elon Musk as an alternative to high-speed rail
In August 2013, the Cabinet had given an in-principle nod to set up the authority and sent a draft note to the railways, to be discussed with the law ministry.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
Suresh Prabhu was speaking on the sidelines of an RPF function.
Slamming the Bharatiya Janata Party government for spurt in prices of essential commodities during its 45-day rule, Opposition Congress on Monday took potshots at Prime Minister Narendra Modi for riding to power on promise of controlling inflation yet doing nothing on it.
Modi termed it a 'historic document' to fulfil his government's aim of 'sabka sath sabka vikas'.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Railway Minister Lalu Prasad in his pro-poor Railway Budget for 2007-08 presented in the Lok Sabha on Monday announced major relief for passengers by cutting fares across the board.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
For the seventh year in a row, passenger fares are unlikely to be revised in the Railway Budget to be presented on Wednesday Mamata Banerjee is once again set to reach out to the common man with populist measures.
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