negotiations are on with FIs for funding these projects
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
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.
A senior railway official said, "It (white paper) isalmost ready and final touches are being given to it."
Railway investment in the 12th Plan to be Rs 7.35 lakh crore
A united opposition is set to corner the NDA government on issues ranging from the NEET paper leak case to railway safety.
Deputy leader of BJP in the Rajya Sabha, S S Ahluwalia, maintained that both Houses of Parliament had to be adjourned on Tuesday as the government did not agree to put to vote the discussion on price rise in the Upper House and did not accept adjournment motion in the Lok Sabha.
Railway Minister Suresh Prabhu presented the Railway Budget in the Parliament on Thursday.
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.
The early tabling of the financial Budget ends a 70-year tradition.
'The government must understand that the Indian Railways is like a Kamdhenu cow. It can look after your GDP, it can look after the health of the nation. But the Kamdhenu cow also needs nourishment.' 'You have not at all looked after the Indian Railways, you have ill treated the Indian Railways, you have mistreated the Indian Railways and you have given the Indian Railways step motherly treatment.' 'I don't think this government has understood the Indian Railways.'
The minister plans to reinstate the Railways as the backbone of the economy
Likely to be merged with Union Budget from FY18
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.
The Lower House of Parliament took up the Demands for Grants and Appropriation Bills after two adjournments as the ruling and Opposition MPs engaged in a matching duet over demands for an apology by Rahul Gandhi and the Adani issue.
The Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.
The first Railway Budget of this Bharatiya Janata Party-led National Democratic Alliance government is a cosmetic exercise, high on rhetoric and low in substance, the CPI-M said.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
'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.
Finance Minister Arun Jaitley to present Union Budget on February 28.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
The Indian Railways will borrow Rs 15,000 crore (Rs 150 billion) from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, Railway Minister Dinesh Trivedi said on Wednesday.
Speaker Meira Kumar said in her valedictory address that the Lok Sabha lost over 23 hours and 34 minutes due to interruptions and forced adjournments, but it sat late for 30 hours and 52 minutes to transact important financial and other business.
Prabhu said the Ministry was preparing a plan till 2030.
A look into Railway Minister Mamata Banerjee's Duronto trains.
Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
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Many of the PPPs have not evinced interest, Prabhu said.
To corner the Manmohan Singh government in the Budget Session of Parliament, a united opposition today demanded a debate on price rise on February 23, before the Railway Budget and the Union Budget are placed in the Lok Sabha.
The minister of state said the requirement of the ministry was more and resources were limited.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
The idea is to get the budget passed by Parliament along with Appropriations Bill and the Finance Bill by the end of March as this would ensure implementation of the Budget proposals from April 1.
Rail Budget caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter
'We need to look beyond the current approach'.
We have merely continued with the reforms we had undertaken last year. Nothing has been done with an eye on elections.
Banerjee wants the two top leaders of the United Progressive Alliance to nudge the Planning Commission into including some of her most important initiatives in the Railway Budget.
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2005-06 in Parliament on Saturday. The Budget proposes no increase in passenger fares nor across-the-board in freight rates.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
There has been a great debate on whether it is profitable for India to have bullet trains.
She appealed to the business houses to join hands for building partnership with Railways.
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