If the fiscal deficit target of 4.9% of GDP has to be met for 2024-2025, which the government must in view of the uncertainties and challenges emerging both domestically and globally, the finance ministry may see in the composition of the current year's capex a sliver of hope, notes A K Bhattacharya.
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.
Market reaction to the Union Budget was overall neutral. The income tax "gift" wasn't enough to move the needle. There was some apparent rationalisation of Customs duty structure as well as cuts on import duties of some key components for the telecom and IT industry and duty cuts on vehicle imports. Other proposals related to development of agriculture and rural economy and renewables seem to be generally positive.
10 largecaps stocks which stand to gain from the Budget.
Embark on a romantic escapade without worrying about the budget!
'These children possess catastrophically low birth weights -- often 1.4 kgs or less. Such extremely low birth weight results in profoundly compromised neo-natal immunity.' 'The escalation to 97 deaths in three months precipitated contemporary attention precisely because this magnitude concentrates the humanitarian emergency, rendering it impossible for the administrative machinery to ignore.'
Union Railway Minister Mamata Banerjee presented the Railway Budget for 2009-10 in Parliament on Friday.
"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.
There was no money, sponsors didn't make a beeline and foreign tours were an ordeal, but there were women of steel who believed in the old adage that "the show must go on." And Nutan Gavaskar was the first among equals, one of the torchbearers of the women's cricket movement in India back then in 1973.
No fare hike was announced in the Railway Budget for 2019.
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".
Finance ministers of states demanded an increase in allocation under 50-year interest-free loan scheme, while fiscally stressed states like Punjab and Kerala pitched for a special package and borrowing flexibility, sources said on Friday. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman, states have also urged for higher borrowing limits to support fiscal activities, besides additional funds for Jal Jeevan Mission.
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.
The Railways will invest Rs 1.21 lakh crore (Rs 1.21 trillion) in 2016-17.
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".
Much more needs to be done, the minister told the Lok Sabha.
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 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.
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.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
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...
Indian Railways has managed to improve its freight volumes each year since the pandemic. However, its inability to add new industries and goods will pose a challenge for the national transporter in the wake of it setting an ambitious target of 45 per cent share in the national logistics by 2030. According to officials, the ministry of railways achieved 114 million tonnes (mt) of miscellaneous goods (classified as balance and other goods) in 2023-24.
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.
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.
He feels that the Budget presents a realistic picture of railway finances.
Railways is expecting investment through various partnerships.
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.
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.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
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.
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.
Catch all the debates and discussions from the Lok Sabha.
You don't need a six-figure salary to build wealth -- you need discipline and a smart plan, says Ramalingam Kalirajan. and shows you how
The Indian Railways will not be privatised. It will remain with the government, Railway Minister Mamata Banerjee said while presenting the Railway Budget in Parliament on Wednesday.
