Mixing humour with political resolve, Chief Minister Omar Abdullah on Friday used the flagging-off ceremony of the first train to Kashmir by Prime Minister Narendra Modi in Katra to subtly but clearly articulate his government's demand for the restoration of statehood to Jammu and Kashmir.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
'Our concern is about today and there is nothing in the Budget for the MSME sector to feel positive right now.'
The minister said that the objective of larger investment is to increase the transport capacity of the Railways and to reduce the unit cost of operations. Railways' investment outlays have been stepped up from Rs 13,394 crore (Rs 133.94 billion) in 2003-04 to Rs 36,773 crore (Rs 367.73 billion) in 2008-09.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
Angry over the hike in passenger fares in the Railway Budget, Trinamool Congress chief Mamata Banerjee on Wednesday asked Prime Minister Manmohan Singh to remove her party nominee Dinesh Trivedi from the post of railway minister.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
The Annual Plan for Railways in 2013-14 financial year is proposed at Rs 63,363 crore, Union Railway Minister Pawan Kumar Bansal said.
Congress on Tuesday slammed the Railway Budget as "pro-rich" with former Congress leader Mukesh Sharma removing Sadanand Gowda's nameplate, stepping on it in protest of what the party has called a anti-poor budget.
The Economic Survey 2007-08 has some interesting insights for infrastructure aficionados.
As Indian Railways looks to avert the crisis like last summer, preparations are under way to stock up coal at thermal power plants. Much like February and March, thermal coal movement in April was 5 per cent higher than the previous year, data from the Ministry of Railways shows. While India prepares for a hot summer this year, 48.23 million tonnes (mt) of coal for thermal power plants was ferried by Indian Railways in April. The national transporter also moved about 500,000 tonnes--18.4 per cent-- more imported coal for power plants this April than it had done last year.
Rail Budget caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
Zetwerk Manufacturing, a $3.1 billion company in the contract manufacturing space, is planning to come up with an initial public offering within the next 15-24 months, a top company executive said on Saturday. The Bengaluru-based company aims to raise at least $500 million, targeting a valuation of around $5 billion.
Railway Budget is the first indicator of possibly better days
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.
What is required from government is intellectual framework.
"For decades in our country, the meaning of the Budget was restricted to what announcements were made in whose name. The Budget was turned into an account of the vote bank," Modi said.
A likely easing in inflationary pressures in the forthcoming months will reopen the window for the RBI to once again prioritise growth and ease its interest rates.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget in the Parliament on Friday.
Industry players believe the new DFI model will be initially risk capital, which will then be used to mobilise additional resources from development agencies such as World Bank.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
During a five-hour meeting with his entire Council of Ministers, Modi specifically asked for faster and better communication of the government's decisions.
No increase in passenger and freight fares. Ticket reservations over mobile phones to be introduced soon.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Jaitley's Budget has the potential to change the face of Modi's Bharat
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
The loss in Bihar has forced a change in NDA's market positioning, says Shekhar Gupta.
Railway Minister Mamata Banerjee presented the Railway Budget on Friday. In her third Railway Budget speech, Banerjee said atleast one doctor will be available on long distance trains.
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
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 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
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Many of the PPPs have not evinced interest, Prabhu said.
A united opposition is set to corner the NDA government on issues ranging from the NEET paper leak case to railway safety.
The amount constitutes 45 per cent of the railways' total wage bill.
The Lok Sabha was adjourned twice in the post-lunch period on Thursday as a war of words broke out between the treasury and opposition benches, triggered by Congress MP Charanjit Singh Channi's spat with the Bharatiya Janata Party's Ravneet Singh Bittu.
"This budget is most directionless budget presented by the Union railway minister Lalu Prasad...it's nothing but jugglery of words," BJP spokesperson Shahnawaj Hussain said. "Railway minister should also present an outcome and performance budget after each railway budget so that people could know which of promises made during his rail budgets were actually implemented," party general secretary Ananth Kumar said.
'When people have money in their hands, they make their judgment about whether they want to spend it entirely or spend some out of it.'
