The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
Budget likely to list tax-exempt items as finance ministry, states agree
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".
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.
Prabhu said the Ministry was preparing a plan till 2030.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
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.
LHB coaches are safer. Two high-level railway safety commissions came down heavily on ICF coaches, recommending their replacement by LHB, says Bibek Debroy.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
"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.
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.
Raiwalys in existential crisis but no stock market route: Prabhu.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
Freight rates for 12 commodities hiked.
Duty cut on raw material imports are not likely.
Even if some of those projects remain on paper, the potential for manufacturers and engineering firms is too big to ignore
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.
I remember a showbiz wedding during which guests had to sit through several painstakingly rehearsed but awkward dances performed by the bride's and groom's relatives. When Karan rolled his eyes, I smiled and said to him, 'You started it, now you suffer it.' An enchanting excerpt from Anupama Chopra's A Place In My Heart.
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.
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.
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.
The 30-share Sensex ended higher by 30 points.
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
Dhanteras is just around the corner and if you are planning to book a new sedan this is the time.
To further improve rail connectivity and infrastructure development, 22 stations located at metropolitan centres and major tourist centres will be developed through public-private partnership, the President said.
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.
Hyderabad is perhaps one of the most affordable cities among all tier 1 cities of India.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
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.
Cut in specific excise duty on large cars of engine capacity 2000 CC and above by Rs 5000, levy of service tax on transport through rail, coastal cargo and through inland water.
BJP member Ananth Kumar was debating Mamata Banerjee's promise to upgrade 309 stations as 'model' ones, of which 137 were in West Bengal. Intervening, Lalu Prasad Yadav said, "World-class station banana to ek soch hai. Yeh banna to hai nahi. Aap pareshan kyon ho rahe hain? In this connection, he said during his tenure also he had proposed to upgrade Patna station which never happened.
'It will take a long time for people's memory to be misled by a prime minister who is so arrogant and who refuses to acknowledge his own faults.'
The FoBs were constructed by the Army Engineers in a record 117 days.
Bibek Debroy highlights the importance of the Assam Rail Link Project.
