Railway Safety Plan for 12th Plan would be Rs 16,842 crore (Rs 168.42 billion), the Railway Minister informed the Lok Sabha.
Railways minister Mamata Banerjee announced the proposal to construct 6,560 staff quarters during the year 2009-10. A thrust would be given under the Corporate Welfare Plan for improvement of staff quarters and colonies. The Budget also proposes to set up indoor stadia in major railway divisions and zones to promote sports and cultural activities among the railway employees.
Mamata-wary corporate heads hope economics wins over politics in Budget.
The General Budget will be presented on July 6 and the Railway Budget will be presented on July 3.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
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.
Railway Minister Sadananda Gowda presented the Railway Budget in the Parliament on Tuesday.
It is a Budget 'high on promises but low on design,' the agency said.
Suresh Prabhu's maiden Railway Budget presentation, peppered with personal references and quotes, turned out to be a smooth affair.
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.
"The 6th Pay Commission disbursement led to an increase in our working expenses," Chairman of the Railway Board S S Khurana said. He also said the Railways had saved Rs 655 crore. "Our cash surplus before the dividend was Rs 17,399 crore and operating ratio was 90.4 per cent," he said.
Railway Budget will be presented on July 8.
Though the Railway Minister did not propose any increase in basic rail fares, the hike in reservation fees and supplementary charges will mean an increase of Rs 5 to Rs 25 in fares for all classes in superfast trains.
The Indian Railways proposes to introduce 58 new trains which includes five Jansadharan Trains, five Premium Trains, six AC Express Trains, 27 Express Trains.
In a few hours Union Minister Laloo Prasad Yadav will announce his first Rail Budget. Take the Rediff Business Quiz and find out how much you know about the Indian Railways.
Abheek Barua analyses varied nuances of the Union Budget.
The minister said that the objective of larger investment is to increase the transport capacity of the Railways and to reduce the unit cost of operations. Railways' investment outlays have been stepped up from Rs 13,394 crore (Rs 133.94 billion) in 2003-04 to Rs 36,773 crore (Rs 367.73 billion) in 2008-09.
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
However, he made it clear that he would resign the moment Prime Minister Manmohan Singh or Mamata Banerjee ask him to do.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
The Railway Budget for 2003-04 has been fixed at Rs.10,607 crore (Rs 106.07 billion), Rs 603 crore (RS 6.03 billion) higher than the revised estimates of the current year.
Presenting his fourth Railway Budget in succession, Railway Minister Lalu Prasad on Monday said that the Indian Railways had registered a profit of Rs 20,000 crore (Rs 200 billion) for the fiscal year 2006-07.
Stocks might hit new highs even before B-Day.
Use the opportunity to increase equity exposure because these are short-term blips.
It was the humble 'jhola' rather than the traditional leather briefcase Railway Minister Mamata Banerjee preferred to bring her budget papers to Parliament on Friday.
Angry over the hike in passenger fares in the Railway Budget, Trinamool Congress chief Mamata Banerjee on Wednesday asked Prime Minister Manmohan Singh to remove her party nominee Dinesh Trivedi from the post of railway minister.
The Annual Plan for Railways in 2013-14 financial year is proposed at Rs 63,363 crore, Union Railway Minister Pawan Kumar Bansal said.
The Indian Railways will earn a profit of Rs 951 crore (Rs 9.51 billion) in 2009-10, down 93 per cent from the 2007-08 level.
You will see purified drinking water, focus on cleanliness, and ticketing reforms.
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.
Railway Minister Lalu Prasad on Friday presented a populist interim Railway Budget in Parliament.
BJP termed the Rail Budget as disappointing and the concessions it gives an eyewash.
With finance ministry officials working overtime to give final touches to the country's biggest fiscal exercise, here's a look at the key people who make the Budget.
The controversial VVIP chopper scam is set to turn the three-month-long Budget session of Parliament beginning Thursday into a troubled affair for the government with the Opposition raring for an attack eyeing the Lok Sabha polls which are not far away.
Prime Minister Narendra Modi on Friday said the world has seen the power of India's indigenous weapons during Operation Sindoor, which is 'not over yet'.
The Nifty shut shop at 5303, up 40 points.
