Finance Minister Arun Jaitley will take a final call on whether to break the tradition of presenting a separate Rail Budget, by merging it with the General Budget.
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.
No fare hike was announced in the Railway Budget for 2019.
Union Railway Minister Mamata Banerjee presented the Railway Budget for 2009-10 in Parliament on Friday.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday as the Monsoon Session of Parliament gets underway next week with the united opposition set to corner the National Democratic Alliance government on issues ranging from the NEET paper leak case and railway safety.
"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.
Gujarat Chief Minister Narendra Modi on Tuesday termed the railway budget as "anti-development" and said that it reflects the "non-performance of the UPA government".
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
Lok Sabha on Tuesday passed the vote on account for the Railway Budget for 2005-06
Let's take a look at some behind-the-scene activity before the presentation of the Railway Budget.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The Railways will invest Rs 1.21 lakh crore (Rs 1.21 trillion) in 2016-17.
Much more needs to be done, the minister told the Lok Sabha.
As experts have to say, this year's Railway Budget will by no means a populist one.
Prime Minister Manmohan Singh on Friday hailed Railway Minister Mamata Banerjee for doing a 'competent job' at a short notice, saying the Railway Budget will make train travel an "enjoyable experience".
The Railway Budget on Tuesday proposed a major revamp of the passenger reservation facility by transforming it into a next generation e-ticketing system, supporting 7,200 tickets per minute and allowing 1.20 lakh users simultaneously.
Facing huge financial crunch, the Railways has invited suggestions from the general public to increase its revenue and reduce expenditure ahead of the upcoming Budget Session of Parliament.
The Indian Railways will be the lead partner for Commonwealth Games. Special trains will run during the Commonwealth Games.
Former Railway Minister Lalu Prasad on Wednesday said the railway budget will make it clear if the performance of the PSU during his tenure was better than what it is at present.
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
Mamata Banerjee's Railway Budget evoked mixed reactions. While corporate India welcomed the moves made by the railway minister, opposition political parties flayed the budget calling it a fantasy and opoortunistic. Read on...
The Indian Railways has proposed to introduce a modern coach "Anubhuti" with good ambience in the premier Rajdhani and Shatabdi trains providing higher travel comfort to passengers.
Railways is expecting investment through various partnerships.
The Opposition on Wednesday slammed the Railway Budget saying it will promote regional imbalance and criticised its use to promote political ends. Initiating the general discussion on the Railway Budget in the Rajya Sabha, Kalraj Mishra (BJP) said Uttar Pradesh and Bihar have been neglected and most of the projects have gone to West Bengal.
He feels that the Budget presents a realistic picture of railway finances.
Though a host of pro-public announcements made by her in the last Railway Budget (2010-11) has been implemented, Indian Railways' finances have gone from bad to worse.
Presenting the Railway Budget for 2010-11 in the Lok Sabha on Wednesday, Railway Minister Mamata Banerjee said that it is time for private partnership in Indian Railways, but said that the railways will not be privatised.
In other words, its revenue numbers are likely to carry greater conviction and the instances of overstated revenue projections may well be a thing of the past.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
Catch all the debates and discussions from the Lok Sabha.
Jammu and Kashmir Chief Minister Omar Abdullah has said that India and Pakistan came closer to resolving the Kashmir issue during the Manmohan Singh-led UPA government. He added that he does not expect a return to that situation in his lifetime. Abdullah lauded Singh's efforts on Kashmir, including the setting up of working groups on the issue, and said he practically initiated measures for the return of displaced Kashmiri Pandits. The chief minister also praised Singh's contribution to India's economic development.
The Railway Budget speech underscored the Congress party-led government's focus on inclusive growth, after it was re-elected by\na wider-than-expected margin in May.
'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
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