'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The BSE Midcap and Smallcap indices have performed better than the front-liners
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.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
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.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The railways has spent more than Rs 1 lakh crore on safety measures between 2017-2018 and 2021-22 with a steady growth in expenditure on track renewal, according to an official document.
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.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
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.
Finance Minister Arun Jaitley presented the Union Budget.
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 Budget is likely to expand the scope of LTA and LTC.
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
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.
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).
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
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.
Govt wants to up investment in Railways
"Earlier, governments were busy in vote bank appeasement but we are busy satisfying people," the prime minister said.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Electricity tariffs to go up as coal cess is doubled.
The Survey shows fiscal consolidation despite slowdown in growth.
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
Siddaramaiah announces free LGP gas, universal health scheme in budget
While it's fun for a bit to see enormous robots smashing into one another, it quickly evokes the 'been-there-seen-that' feeling, observes Mayur Sanap.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The Budget sets out a comprehensive vision.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
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.
Humsafar will be launched as overnight inter-city service on high-demand routes
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.
Nineteen people have been killed in rain-related incidents in Uttar Pradesh in the past 24 hours, the state relief commissioner's office said Monday evening.
