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 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.
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.
Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.
There is no proposal "for now" to revise train fares, Railway Minister M Mallikarjun Kharge said.
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
The minister plans to reinstate the Railways as the backbone of the economy
Estimated to cost about Rs 81 lakh per coach, about 700 such modern coaches will be manufactured in the current fiscal.
'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.
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.
'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.
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.
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.
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Many of the PPPs have not evinced interest, Prabhu said.
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.
It moved in a range of 59.80 and 59.99 per dollar during the morning deals.
'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.
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.
'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 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.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
Railway Budget is the first indicator of possibly better days
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.
'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.'
Irked by angry reactions to his Facebook post on 'World UFO Day' on Wednesday, Finance Minister Arun Jaitley withdrew the message within hours.
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.
The solution for railways lay in understanding the strengths of the system,
The plan is to de-notify the entire SEZ.
The lawmakers seem as uninterested as those who use the railways.
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.
Caution prevailed across the bourses ahead of the Union Budget.
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.
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.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
Inviting private sector in Indian Railways is a good idea.
Officials asked what the point was in going through banks when the government has to give guarantees.
