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'.
"Earlier, governments were busy in vote bank appeasement but we are busy satisfying people," the prime minister said.
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.
'Interim Budget has ignited the entrepreneurial spirit.'
He will recommend innovative methods and processes for the improvement.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
'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.
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.
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'.
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.
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.
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.
'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.'
Hygiene and cleanliness of trains and stations a must
The 30-share Sensex ended higher by 30 points.
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Sitharaman said, public private partnership to be unleased to develop rail infrastructure.
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
Events to keep an eye out for...
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.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
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".
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.
First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals.
At an event at Chhatrapati Shivaji Maharaj Terminus in south Mumbai, Modi first flagged off the the CSMT-Solapur Vande Bharat Express and later another semi high-speed train linking the financial capital to Sainagar Shirdi temple town in Ahmednagar district.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
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