All meter gauge, narrow gauge sections to be made broad gauge.
Highlights of the Railway Budget 2004-2005 presented by the Union Minister of Railways Lalu Prasad Yadav in the Lok Sabha on Tuesday.
Overhauling portfolios or making hasty investment decisions based on the budget will only hurt you.
Likely to be merged with Union Budget from FY18
'We carry 6.5 billion passengers every year. We have crossed seven billion this year, and are targeting 10 billion by 2030.'
While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-budget economic survey will be tabled.
'The Railways must provide a rail system that they can be proud of.'
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
India is now much ahead of other large railway networks in the world in terms of electrification -- with the US at just 1 per cent, China at 72 per cent and Europe at 60 per cent.
Some say it is time to decongest the existing line infrastructure and cater to the supply shortage of rolling stock to meet the demand for bulk commodities such as coal, cement and foodgrains.
The net revenue of the Indian Railways is likely to grow by 32.93 per cent to Rs 11,993.13 crore (Rs 119.93 billion) in 2011-12 compared to revised estimated income for this fiscal, Railway Minister Mamata Banerjee said on Friday.
Ministers may come and ministers may go but the attitude of the RB remains the same forever, and it is this group that really calls the shots in Indian Railways, says S Pushpavanam.
According to the sources in the government, Union Budget 2012-2013 is likely to be presented in Parliament on March 19, 2012.
As per existing provisions, senior citizens aged 60 years and above are eligible for concession in the basic fares of Mail and Express trains, and all inclusive fares of Rajdhani, Shatabdi and Jan Shatabdi trains.
The Budget Session of Parliament will commence on February 22 and the General Budget for 2010-11 will be presented on February 26.
The Railway Budget is progressive and wil ensure growth.
Continuing the trend of the past few years, the Railway Budget for 2007-08 may leave the second class train fare unchanged, but upper class AC and freight fares may be 'rationalised,' a euphemism for an upward revision.
Banking on increased freight haul and earnings from upper class travellers, Indian Railways has projected a gross earning of Rs 43,445 crore (Rs 434.45 billion) in 2003-04.
"Of the structural reforms, the GST has been the most historic in our country. Its chief architect is not with us today. I pay homage to the visionary leader late Arun Jaitely. GST has been gradually maturing into a tax that has integrated the country economically," she said during her budget speech.
negotiations are on with FIs for funding these projects
'The core sectors have not done very well in the past one year.'
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
The rates are hikes by almost 8 per cent.
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.
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.
Rarely do the orders of the Central Administrative Tribunal go beyond redressing the grievances brought before it by employees of the government or other state-controlled organisations.
The Railway ministry has been allocated budgetary support of Rs 140367.13 crore in the Union Budget on Tuesday - Rs 20,311 crore more than the revised figures of the previous fiscal. Overall, the national transporter is set to get a capital expenditure (CapEx) push of Rs 2.45 lakh crore in the financial year 2022-23, 14 per cent higher than the budgeted capital expenditure of Rs 2.15 lakh crore for the current financial year. Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the next three years.
Hitting out at the previous National Democratic Alliance government for poor performance of the railways and inability to pay even Rs 2,473 crore (Rs 24.73 billion) dividend, Prasad said when the United Progressive Alliance government completes its term next year the Railways would have a total surplus of about Rs 1,00,000 crore. It has already generated a surplus of Rs 69,000 crore (Rs 690 billion) in the past four years.
However, sometimes projects are included in the Budget pending government approval, though physical execution of such projects is taken up only after obtaining the requisite nod.
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
Following are the highlights of the Railway Budget 2006-07 presented by Union Railway Minister Lalu Prasad Yadav
Prabhu proposed an unprecedented 50% hike in investment.
The dream-run in railway stocks may soon run out of steam, caution analysts. The rally, which has lasted nearly a year, may meet time-wise correction post the Union Budget announcements as investors begin scalping profits. "There is going to be a build-up in expectations for the sector from the Union Budget, which is still two-odd months away.
Railway Minister Suresh Prabhu presented the Railway Budget in the Parliament on Thursday.
Lalu handled the obstacle of 'departmentalism' with ease.
The Indian Railways will invest Rs 41,426 crore (Rs 414.26 billion) in 2010-11 for sprucing up its network, and over a third of the planned outlay would go towards manufacturing coaches.
State-run Indian Railways will borrow Rs 2,970 crore (Rs 29.7 billion) from the market to finance various projects, Railway Minister Nitish Kumar told Parliament on Wednesday.
The aim is to reduce working expense by about 15 per cent.
