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.
The Trinamool Congress (TMC) on Sunday alleged that Dinesh Trivedi, who resigned from the Rajya Sabha on Friday, took the 'House for a ride' and was 'allowed' to use the floor of the House for his 'devious political ends'.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Trinamool Congress leader Mukul Roy was on Tuesday elevated to Cabinet rank to take over as Union railway minister replacing Dinesh Trivedi, who was forced to resign after Congress caved in to Mamata Banerjee's pressure.
Budget should raise revenues & reduce spending to increase capital expenditure.
"Earlier, governments were busy in vote bank appeasement but we are busy satisfying people," the prime minister said.
He will recommend innovative methods and processes for the improvement.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
Prime Minister Narendra Modi said re-developed railway stations would become iconic structures and centres of economic activity.
Parekh said divestment can unlock huge funds.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
The Union Minister of Railways, Lalu Prasad while presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, announced the introduction of 43 new trains which include four Garib Raths.
Road Transport Minister Nitin Gadkari said highways sector continues to be a focus area for the government and announcements of multi-modal logistics parks and multi-modal passenger stations will be a game changer.
The focus is on tapping all resources, even foreign agencies.
'Interim Budget has ignited the entrepreneurial spirit.'
Railways proposed to introduce 32 new trains including 17 Samparak Kranti Express linking several state capitals and different parts of the country with the Union Capital.
'Our thrust would be on basic facilities first like sanitation'.
Transportation via inland waterways is cost-effective and more environment-friendly than rail or road transportation
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
A bill to allow merging of some villages and mandals of Telangana with Seemandhra in a bid to deal with resettlement and rehabilitation those displaced by the Polavaram power project was introduced in the Lok Sabha on Tuesday amid din.
Hygiene and cleanliness of trains and stations a must
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
The 30-share Sensex ended higher by 30 points.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
Sitharaman said, public private partnership to be unleased to develop rail infrastructure.
Events to keep an eye out for...
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
Indian Railways has tied up funds for the next two years for its ambitious modernisation programme.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
For its development, India needs a movement akin to the freedom movement, Prime Minister Narendra Modi said on Saturday.
He said that efforts were being made either to close or man such crossings in the next two years.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
The Railways will also add two to four 'Deen Dayalu' coaches to some long-distance trains for unreserved travel to enhance the carrying capacity
Congress leader Rahul Gandhi on Monday said his party would conduct a "caste census" if elected to power as only such an exercise would ensure the "participation of OBCs, Dalits, tribals and women".
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances