In August 2013, the Cabinet had given an in-principle nod to set up the authority and sent a draft note to the railways, to be discussed with the law ministry.
Determination of rates will no longer be an exercise behind veils where the Railways and the users could only peep covertly at what was happening on the other side.
'Don't look at Russia only as a place to earn quickly and then leave.' 'Try to build experience in serious companies, skills and certifications that will serve you anywhere in the world.'
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
The railways are in the process of forming a Rail Tariff Authority but Bansal said the fare rise would be independent of the formation.
Plan panel Deputy Chairman Montek Singh Ahluwalia welcomed the initiative to set up a Rail Tariff Regulatory Authority for rationalising fare and freight rates, in the Railway budget.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
Passenger fares and freight rates were left untouched
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.
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
Presenting the Interim Railway Budget for 2014-15, Railway Minister Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
Independent, powerful tariff body the best medicine.
In Punjab, farmers sat on railway tracks at many locations in 22 districts, including Amritsar, Ludhiana, Tarn Taran, Hoshiarpur, Firozpur, Fazilka, Sangrur, Mansa, Moga and Bathinda. Because of the disruption of train services, passengers experienced inconvenience.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
The Union government is reportedly considering doing away with the practice of presenting a separate Railway Budget.
To facilitate foreign direct investment (FDI) in high- speed rail projects, the government is likely to allow private sector entry in operations.
Suresh Prabhu, the new railways minister, not only needs to save the railways from the clutches of bureaucracy and politics but also attract foreign investment to revive the once potent force.
The Railway Budget has impressed industry watchers.
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.
The focus is on tapping all resources, even foreign agencies.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
The goods and services tax will level the playing field for different sectors of industry, including domestic manufacturing.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
India's national security focus has shifted from the western border to the eastern one. But our trade with China keeps rising. This trade is against our interest, because most of it comprises of Chinese imports, argues Aakar Patel.
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 railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
The airport operator currently levies a development fee of Rs 600 from an international passenger and Rs 100 from a domestic traveller.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
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.
With an m-cap of Rs 31,744 crore, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Move follows Tata Steel decision to sell its loss-making businesses in Britain
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Govt wants to up investment in Railways
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