Our country needs massive investment in access of Rs 50 lakh crore in infrastructure to increase growth of GDP and integrate the nation with a network of roads, airports, railways, inland water and to provide good quality services to the people: FM
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.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
About railways sector, the Survey said that it is facing stiff competition from other modes of transportation and the government is initiating various transformative measures to keep railways on track.
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.
The focus is on tapping all resources, even foreign agencies.
The first high-speed train between Delhi and Agra with a speed of 160 km per hour is expected to run on November 10 as Kapurthala Rail Coach Factory is all set to roll out the first rake of fourteen coaches of the train.
Estimated to cost about Rs 81 lakh per coach, about 700 such modern coaches will be manufactured in the current fiscal.
Construction of one kilometre of high speed railway track will cost Rs 100-140 crore.
A Trinamool Congress member on Wednesday used the debate on price rise in the Lok Sabha to attack BJP over Tuesday's incident in the House where members came to the verge of a clash.
Though its alliance with the Left parties kept the United Progressive Alliance from pursuing an active divestment agenda, it hopes to net Rs 1,651 crore (Rs 16.51 billion) in 2008-09 (revised estimate) and Rs 1,120 crore (Rs 11.20 billion) in 2009-10 under the account.
The minister plans to reinstate the Railways as the backbone of the economy
Sical Logistics' board of directors, which met to consider approval of the June quarter financial results, asked the management to come out with recommendations for the same.
There is no proposal "for now" to revise train fares, Railway Minister M Mallikarjun Kharge said.
'The INS Vishal -- a 65,000 tonne giant with 54 aircraft, including fighters, electronic warfare aircraft, airborne command posts and anti-submarine helicopters -- can both protect and dominate,' says Ajai Shukla.
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
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Many of the PPPs have not evinced interest, Prabhu said.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
It moved in a range of 59.80 and 59.99 per dollar during the morning deals.
Railways had earlier hiked the freight rate by 5.7 per cent in April while linking the fuel adjustment component with goods tariff. FAC is linked with fuel and energy prices and calculated accordingly.
Moving ahead with the economic reforms, the Cabinet tonight cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
The march, which commenced from Nashik on March 6, will culminate in Mumbai on Monday and protestors plan to gherao the Vidhan Bhavan where the Budget session of the state legislature is underway, said organisers.
Railway Budget is the first indicator of possibly better days
Born and sold as a cure for skin ailments, the brand that turned 50 last year has never seen such a massive crush at its shelves.
The solution for railways lay in understanding the strengths of the system,
The railways should leverage its revenues to raise money from the market to modernise and expand its facilities, planning commission deputy chairman Montek Singh Ahluwalia said in New Delhi on Monday.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
Irked by angry reactions to his Facebook post on 'World UFO Day' on Wednesday, Finance Minister Arun Jaitley withdrew the message within hours.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
The plan is to de-notify the entire SEZ.
Ministers may come and ministers may go but the attitude of the RB remains the same forever, and it is this group that really calls the shots in Indian Railways, says S Pushpavanam.
The lawmakers seem as uninterested as those who use the railways.
Caution prevailed across the bourses ahead of the Union Budget.
The Covid pandemic has left a question mark on how the central government manages its staff.
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