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.
Railway Minister Lalu Prasad on Friday presented a populist interim Railway Budget in Parliament.
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
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.
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.
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.
Likely to be merged with Union Budget from FY18
'The Railways must provide a rail system that they can be proud of.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The Nifty shut shop at 5303, up 40 points.
All meter gauge, narrow gauge sections to be made broad gauge.
"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.
Overhauling portfolios or making hasty investment decisions based on the budget will only hurt you.
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
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.
Highlights of the Railway Budget 2004-2005 presented by the Union Minister of Railways Lalu Prasad Yadav in the Lok Sabha on Tuesday.
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.
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.
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.
According to the sources in the government, Union Budget 2012-2013 is likely to be presented in Parliament on March 19, 2012.
The Railway Budget is progressive and wil ensure growth.
The Budget Session of Parliament will commence on February 22 and the General Budget for 2010-11 will be presented on February 26.
The high-speed free Wi-Fi internet facility is now available at 6,100 railway stations across the country, RailTel said on Tuesday. "The milestone of 6,100 stations with Wi-Fi coverage was reached today (Tuesday) with the commissioning of Wi-Fi facility at Ubarni railway station (Rae Bareli district, UP) in Lucknow Division of Northern Railway," the statement by RailTel noted.
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.
negotiations are on with FIs for funding these projects
'The core sectors have not done very well in the past one year.'
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
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.
'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
The rates are hikes by almost 8 per cent.
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
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.
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.
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.
Prabhu proposed an unprecedented 50% hike in investment.
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.
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