'Kavach', which literally means armour, is being promoted by the railways as the world's cheapest automatic train collision protection system.
The record of other prime ministers too shows how much can change when a prime minister is faced with the two-year challenge, says T N Ninan.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Finance Minister Arun Jaitley said the fiscal deficit slippage this financial year (2017-18) was largely statistical.
The Budget loosened the reins on public spending to drive growth.
Presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, the minister said this is in addition to the bullet train proposals between Delhi-Amritsar, Ahmedabad-Mumbai-Pune, Hyderabad-Vijayawada-Chennai, Chennai-Bangalore-Ernakulam and Howrah-Halida which were announced in 2007-08 Railway Budget.
Minister of Railways Piyush Goyal spoke with the media about his privatisation plan, safety road map and innovation strategy.
Curbing the federal deficit is the government's absolute priority on February 28.
The public sector behemoth is looking at forming joint ventures with states.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
Single window clearances for realty must.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
"Call it a craze, fever or national interest but HSR is our window to the outside world."
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
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
The assertion comes amid speculation that the ruling party in Andhra Pradesh might rethink its ties with the BJP in view of its disappointment over allocation of funds to the state in the Union Budget.
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The railway minister said that one-third studies have already been done.
Arguably one of the toughest engineering challenges in hand, the Indian Railways plans to complete the Chenab bridge in Jammu and Kashmir by 2016, making it the world's highest rail bridge.
FM should avoid proposals such as to tax financial transactions and fringe benefits
Budget proposals have set four goals to transform Indian Railways.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
The Bhartiya Railway Mal Godam Shramik Sangh said they will resort to disrupting railway services across the country if the government does not heed to their demands.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling of land and it is about monetising brownfield assets. Projects have been identified across sectors, with roads, railways and power being the top segments.
Trinamool Congress chief Mamata Banerjee has no qualms in mixing economics with politics, which is evident from her reaction to the railway budget, says Renu Mittal.
The Reserve Bank may cut key interest rates as early as this week.
On a day of dramatic developments, The Trinamool Congress on Wednesday night sought the removal of its senior-most nominee in the Union Cabinet, Railway Minister Dinesh Trivedi, hours after he proposed a hike in railway passenger fares, plunging the UPA government in an unusual political crisis.
Jaitley said an effective multi-modal logistics and transport system will "make our economy more competitive.
Disagreeing with the formula of hike of one paisa or two paisa per km, Mamata said, "In railways there is no travel for a distance of mere one km or two km distance.
The government must expedite its plan for asset sale and privatisation, both of which hardly got any mention in the Budget speech, points out A K Bhattacharya.
The finance minister's Budget presentation is a sombre affair, yes, but it wasn't as if the Lok Sabha was all serious through the speech.
Senior Bharatiya Janata Party leader Gopinath Munde on Friday slammed Union Railway Minister Mamata Banerjee for presenting a 'lacklustre, populist budget with an eye on forthcoming elections in West Bengal'.
Indian Railways said it would rope in home-grown talent to develop world-class stations as foreign consultants were charging exorbitant fees.
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
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