Two premium new long-distance trains and plan to convert a strategically important metre gauge line into broad gauge were announced on Wednesday for the Northeastern region in the Railway Budget, but opposition BJP and AGP dubbed the sops as "frustrating".
With the Budget Session starting on stormy note due to disruptions by Opposition on the issue of price rise and rail fare hike, the Parliamentary Affairs Minister said the government was ready to discuss all issues including price rise but under appropriate rules.
This was on the expected lines after Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee played a major role in getting the former Railway Minister Dinesh Trivedi resign.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
Budget likely to list tax-exempt items as finance ministry, states agree
Prabhu said the Ministry was preparing a plan till 2030.
LHB coaches are safer. Two high-level railway safety commissions came down heavily on ICF coaches, recommending their replacement by LHB, says Bibek Debroy.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
The Rail Coach Factory (RCF), Kapurthala rolled out the country's first air conditioned double-decker coach for oscillation trials on the Delhi-Muradabad section.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
"Call it a craze, fever or national interest but HSR is our window to the outside world."
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The railway minister said that one-third studies have already been done.
Complimenting the police for unearthing the corporate espionage racket, Delhi Chief Minister Arvind Kejriwal said it should now target the "top people" benefiting from the leak.
In an open defiance, Union Minister M M Pallam Raju on Wednesday questioned the government's hurry to push the Telangana bill and said Prime Minister Manmohan Singh's disapproval of disruptions in Parliament was not "fair".
Raiwalys in existential crisis but no stock market route: Prabhu.
Replying to a discussion on the Jammu and Kashmir Reorganisation (Amendment) Bill, he also slammed some Opposition members for their claim that the proposed law negates the hopes of the region getting back its erstwhile statehood.
Thanks to the flaws in the way it is implementing dynamic pricing, the Indian Railways is losing its premium travel base faster than ever before, say RailYatri's Manish Rathi and Kapil Raizada.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
Train passenger fares may soon be linked to inflation rate, sources say, adding that the new model may be based on the Wholesale Price Index.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
Even if some of those projects remain on paper, the potential for manufacturers and engineering firms is too big to ignore
Freight rates for 12 commodities hiked.
Overall, the railways intend to build 66 MFCs at a cost of Rs 8 crore (Rs 80 million) each. MFCs would provide rail users with facilities like shopping, food stalls and restaurants, book stalls, telephone booths, medicine and variety stores, budget hotels and underground parking.
Duty cut on raw material imports are not likely.
'Governments, democratically elected governments, are custodians for a short- specified time.' 'Parents don't let baby sitters decide the course of their child's future.'
The FoBs were constructed by the Army Engineers in a record 117 days.
Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.' 'For it is fairly clear that the government's priorities lie elsewhere, in the powerful home minister's domain,' notes T N Ninan.
The 30-share Sensex ended higher by 30 points.
Hyderabad is perhaps one of the most affordable cities among all tier 1 cities of India.
The Union Budget, while keeping the service tax rate unchanged at 10 per cent, has expanded its ambit to include services provided by legal consultancy and advisory firms. The tax would, however, not be applicable if the service provider or receiver is an individual.
The government on Thursday said it will respond on the issue of Shiv Sena MPs force-feeding a fasting Muslim after ascertaining full facts by Friday.
Bibek Debroy highlights the importance of the Assam Rail Link Project.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
Dhanteras is just around the corner and if you are planning to book a new sedan this is the time.
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