The Indian Railways will set up mobile e-ticketing centres at hospitals, universities, courts, Indian Institutes of Technology (IITs), Indian Institutes of Management (IIMs), district headquarters and village panchayats, Railway Minister Mamata Banerjee said while presenting the Budget on Wednesday.
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Usually, the chair in the Upper House reads out obituary references before members rise as a mark of respect to the memory of the departed.
Railway Minister Lalu Prasad Yadav announced that Indian Railways will introduce 15,000 ticketing counters in next 2 years. The Railways plans to offer tickets through mobile phones.
Budget proposals have set four goals to transform Indian Railways.
A Congress MP reveals to Sheela Bhatt the Congress plan to protect the Speaker and home minister and muscle through the tabling of the Telangana bill in Parliament.
The year 2015 has seen eight accidents because of derailments.
Nobody bothered to articulate the upsides; instead, the four-year tour of duty and denial of life-long pensions got played up.
Job-seekers for government and related opportunities found that their future was at risk, points out Shreekant Sambrani.
About 80 railway projects worth over Rs 20,000 crore (Rs 200 billion) have been lying derailed for years due to the lack of funds and non-availability of land.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Bihar Chief Minister Nitish Kumar on Tuesday asked for allocation of sufficient funds for the ongoing projects and introduction of new trains in the state.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
Disagreeing with the formula of hike of one paisa or two paisa per km, Mamata said, "In railways there is no travel for a distance of mere one km or two km distance.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday.
The total allocation for the road sector has been Rs 97,000 crore.
Banerjee wants the two top leaders of the United Progressive Alliance to nudge the Planning Commission into including some of her most important initiatives in the Railway Budget.
'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'
In 2019-20, the capital expenditure of Indian Railways (IR) increased 60 per cent over 2016-17. The draft National Railways plan envisages a further increase in IR's capital expenditure, but an analysis by Business Standard shows that IR has come to depend more on borrowings and budgetary support. In 2016-17, while 11 per cent of its capital expenditure (capex) was funded by internal sources, in 2019-20 the ratio dropped to less than 1 per cent. A 2015 Committee on Restructuring Railways had flagged that over-reliance on borrowings could exacerbate the financial situation of Railways.
There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.
The HRD minister claimed that Gandhi family had failed to deliver on their development promises to Amethi, which had to wait for all these years to get a rail line.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
Top architecture firms belonging to Hafeez Contractor and C P Kukreja have offered to design a few stations free of cost.
Finance Minister Arun Jaitley had came out with a host of proposals last month.
Gowda has also failed to offer clarity on reforming the Railway Board.
Trinamool Congress leader Mukul Roy was on Tuesday elevated to Cabinet rank to take over as Union railway minister replacing Dinesh Trivedi, who was forced to resign after Congress caved in to Mamata Banerjee's pressure.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
As part its efforts to get more freight from highways and address shortage of wagons, Railway Minister Mamata Banerjee on Wednesday proposed to introduce a modified wagon investment scheme for high-capacity general and special purpose wagons.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
Lalu Prasad, who became the railway minister in May 2004, surprised the world in 2008 with the 'magic' turnaround he effected for the near-bankrupt railways, claiming to have created a surplus of Rs 25,000 crore (Rs 250 billion.
On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
The special package assistance would be used to augment irrigation structures in drought-prone areas to address the agrarian distress and drinking water crisis.
Political repercussions are not the only reason why the Trinamool Congress chief would leave the sensitive issue of fares untouched before the West Bengal assembly elections in April.
'Kavach', which literally means armour, is being promoted by the railways as the world's cheapest automatic train collision protection system.
Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.
Turmoil over Telangana statehood and a variety of other issues paralysed proceedings in the Rajya Sabha on Wednesday prompting a comment from the Chair that he was "disturbed" and "disappointed" over lack of consensus to run the House.
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