'Our thrust would be on basic facilities first like sanitation'.
As Indian Railways looks to avert the crisis like last summer, preparations are under way to stock up coal at thermal power plants. Much like February and March, thermal coal movement in April was 5 per cent higher than the previous year, data from the Ministry of Railways shows. While India prepares for a hot summer this year, 48.23 million tonnes (mt) of coal for thermal power plants was ferried by Indian Railways in April. The national transporter also moved about 500,000 tonnes--18.4 per cent-- more imported coal for power plants this April than it had done last year.
It should be noted that the CPC allocation is provisional.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Can Jaitley's team hope to garner 17% more on personal income tax?
No-frills carrier SpiceJet has put ten lakh seats on the block with base fares starting as low as Rs 999, which are lower than a 3-AC train ticket, for a one-way journey under a limited period offer.
The Budget 2015-16 will include many of the schemes announced by Prime Minister Narendra Modi such as smart cities and high speed trains, Finance Secretary Arvind Mayaram said.
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
Despite public-private partnership projects announced in several rail budgets, the investment since 2000 has been merely Rs 3,000 crore.
The cement industry continues to present a puzzle to investors.
Shivakumar has got the all-important Major and Medium Irrigation and Bengaluru City Development, including the Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore Development Authority, Bangalore Water Supply and Sewerage Board, Bangalore Metropolitan Region Development Authority and the Bangalore Metro Rail Corporation Limited.
When there is a state government committed to development, it is important that Mumbai has a civic body that, too, shares that goal, Modi said.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
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The move can help mop up about Rs 1.2 lakh every day for the purpose.
As part of the National Democratic Alliance government's media blitzkrieg to highlight achievements made during its one-year rule, three Union ministers will participate in a 'talkathon' session today during which they will answer questions posted on Twitter.
The BSE Midcap and Smallcap indices have performed better than the front-liners
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Attacking the previous government, Union Minister M Venkaiah Naidu on Sunday said the hike in rail fares was "thrusted upon" by the United Progressive Alliance, but it was a "bitter medicine" that had to be swallowed in the interest of sound health of the economy.
Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways official. Notably, the railways recently floated a sizeable tender worth Rs 35,000 crore of wagons, which had been in the pipeline since 2018. "Our Budget Estimates for freight increase were conservative.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
Notwithstanding vociferous opposition, the government is expected to table the Telangana bill in Lok Sabha on Thursday.
West Bengal Chief Minister Mamata Banerjee on Monday termed the hike in rail fares as "unprecedented and anti-people" and demanded its roll back in the interest of common people.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
A bill to allow merging of some villages and mandals of Telangana with Seemandhra in a bid to deal with resettlement and rehabilitation those displaced by the Polavaram power project was introduced in the Lok Sabha on Tuesday amid din.
Finance Minister Arun Jaitley presented the Union Budget.
The Budget is likely to expand the scope of LTA and LTC.
At the Leo fete, Vijay had this also to tell his fans: 'I know you all are in my heart. But today, I also know that I am also in the hearts of all of you...' A typical politician's line, did you say, asks N Sathiya Moorthy.
As the extended Winter Session of Parliament entered its third and last week on Monday, the Telangana issue continued to disrupt Rajya Sabha leading to its adjournment for the day.
The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.
Scouting for resources to meet its fund crunch, Railways is open to the idea of even 100 per cent FDI in its infrastructure development but would keep train operations out of its ambit.
Modi, who addressed a public meeting in Hyderabad after laying foundation stone and inaugurating several development projects, also said the lack of cooperation from the state government is leading to delay in the completion of several central projects in Telangana.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
Siddaramaiah announces free LGP gas, universal health scheme in budget
Govt wants to up investment in Railways
Electricity tariffs to go up as coal cess is doubled.
The Railway ministry has been allocated budgetary support of Rs 140367.13 crore in the Union Budget on Tuesday - Rs 20,311 crore more than the revised figures of the previous fiscal. Overall, the national transporter is set to get a capital expenditure (CapEx) push of Rs 2.45 lakh crore in the financial year 2022-23, 14 per cent higher than the budgeted capital expenditure of Rs 2.15 lakh crore for the current financial year. Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the next three years.
The battered Congress has slammed the BJP on its decision to hike rail fares, the power crisis in the Capital and the abduction of Indians in Iraq. Anita Katyal reports how the Congress is wasting no time to criticise the ruling party.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
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