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.
The maiden Railway Budget of the Narendra Modi-led NDA government seems to have not gone down well with the suburban commuters as it does not offer anything new to them, commuters associations in Mumbai said.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
The railways total earnings recorded an 8.3 per cent growth at Rs 33,900 crore (Rs 339 billion) up to December this year as compared to the corresponding period in the previous year.
Opens operations in high-speed train, freight and suburban corridors to private sector
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour.
Suresh Prabhu said the freight business was 'struggling'.
Trivedi presented the Railway Budget in the Parliament on Wednesday.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
While a host of pro-public announcements made by her in the last Railway Budget (2010-11) have been implemented, Indian Railways' finances have gone from bad to worse.
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The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore (Rs 138 billion) from markets, as per the interim Railway Budget for 2014-15 tabled in February.
The Indian Railways lost about 40 per cent of its business due to disturbance including Maoist violence and agitations.
In its forthcoming Budget, Railways also propose to launch more passenger services and speed up existing trains.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
The clarification comes in wake of media reports that Finance Ministry is contemplating to merge the Railway and General budgets and change the financial year.
Railways to have functional autonomy, bear salary burden
Union Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2004-2005 in the Lok Sabha on Tuesday (July 6, 2004).
Nationalist Congress Party on Tuesday expressed grave disappointment over the railway budget with its chief Sharad Pawar telling a meeting of the United Progressive Alliance coordination committee that Mumbai has been neglected, which is "not acceptable".
IRCTC will work on Kisan Yatra, a special travel scheme to help farmers to learn about new farming and marketing technique.
PSUs under the railways ministry include Ircon International, a turnkey infrastructure construction company; Railtel (telecom); Indian Railway Catering and Tourism Company; and Rites, a consultancy, engineering and project management firm.
Presenting the Railway Budget for 2010-11 in Parliament, the minister said outpatient departments and diagnostic centres will be set up in several stations across India.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
At the helm of India's most enterprising ministry, Mamata Banerjee promises the best service from the Indian Railways.
These stations will have dormitories especially for lady passengers, will be equipped wih better signage among other facilities. The Indian Railways have already identified 309 stations for the scheme.
The railways is firming up plans to set up a traction motor factory in Vidisha and a wagon workshop in Visakhapatnam with an aim of stepping up its manufacturing activities in line with the 'Make in India' campaign.
The railways has spent more than Rs 1 lakh crore on safety measures between 2017-2018 and 2021-22 with a steady growth in expenditure on track renewal, according to an official document.
Former minister for Railways Dinesh Trivedi speaks exclusively to rediff.com on a day when the Railway Budget will be presented in Parliament.
Big challenge to garner sizeable additional resources.
Rattled by a series of train accidents, the Railways plan to install a device to prevent collisions, Railway Minister Nitish Kumar said on Wednesday.
India's food processing minister Subodh Kant Sahay on Thursday met Finance Minister Pranab Mukherjee in New Delhi ahead of the general\nbudget on July 6.
Railways have earned Rs 9452.84 crore (Rs 94.52 billion) in April, registering a decrease of 7.94 per cent.
P Chidamabaram's February 28 Budget will not have any big-ticket ideas, reports Sheela Bhatt
The Railway Budget was on Thursday passed by the Lok Sabha with Minister Mamata Banerjee announcing a slew of measures to tone up the functioning of the Railways in terms of amenities and safety and deciding to set up an expert committee to prepare a blueprint for future.
All eyes are now on the low profile Mukul Roy, Trinamool Congress general secretary and Minister of State for Shipping.
All eyes are now on the low profile Mukul Roy, Trinamool Congress general secretary and Minister of State for Shipping.
Presenting the Budget in Lok Sabha, Sitharaman said the outlay for the Railways is nine times the amount provided in 2013-2014. She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertiliser and food grain sectors have been identified and will be taken up on a priority basis with investment of Rs 75,000 crore, including Rs 15,000 crore from private sources, she said.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
The Railway Budget also proposes to increase the facility for press correspondents whereby now they will be entitled to avail 50 per cent concession with family twice a year.
At present, there are 362 major ongoing railway projects across the country.
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