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.
Rail stocks on Thursday fell by up to 8.6 per cent on the Bombay Stock Exchange (BSE) as cautious investors offloaded shares ahead of the Railway Budget, 2011-2012 to be presented on Friday.
In the history of Indian railway budgets, Suresh Prabhu will perhaps be the first railway minister not to have announced either a single new train or a new railway line
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'.
Stepping up its offensive against the United Progressive Alliance government on the "tainted" ministers issue, the National Democratic Alliance on Friday decided to boycott the presentation of Railway Budget by Lalu Prasad Yadav in Lok Sabha on Satur
The minister plans to reinstate the Railways as the backbone of the economy
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.
In July last, fares were increased by 14.2%.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
There's a 13 per cent increase over last year, in an effort to put its flagging revenues back on track.
Passenger tariff structure will be rationalised so that that the fares of AC first class and AC second class will be 11.5 times and 6.5 times the second-class fares, respectively.
Passenger fares and freight rates were left untouched
The lawmakers seem as uninterested as those who use the railways.
Railway investment in the 12th Plan to be Rs 7.35 lakh crore
As Indian Railways looks to avert the crisis like last summer, preparations are under way to stock up coal at thermal power plants. Much like February and March, thermal coal movement in April was 5 per cent higher than the previous year, data from the Ministry of Railways shows. While India prepares for a hot summer this year, 48.23 million tonnes (mt) of coal for thermal power plants was ferried by Indian Railways in April. The national transporter also moved about 500,000 tonnes--18.4 per cent-- more imported coal for power plants this April than it had done last year.
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.
Deputy leader of BJP in the Rajya Sabha, S S Ahluwalia, maintained that both Houses of Parliament had to be adjourned on Tuesday as the government did not agree to put to vote the discussion on price rise in the Upper House and did not accept adjournment motion in the Lok Sabha.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Railway Budget is the first indicator of possibly better days
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.
The early tabling of the financial Budget ends a 70-year tradition.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
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.
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Many of the PPPs have not evinced interest, Prabhu said.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Opposition, including Bharatiya Janata Party, Left and other parties, on Tuesday walked out of the Lok Sabha, charging the government with indulging in one scam after another and saying they would not be party to the passage of the Finance Bill and the Railway Budget.
Indian Railways has plans to decongest network and become more self dependent.
Prabhu said the Ministry was preparing a plan till 2030.
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
The public sector behemoth is looking at forming joint ventures with states.
The amount constitutes 45 per cent of the railways' total wage bill.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Rail Budget caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter
The idea is to get the budget passed by Parliament along with Appropriations Bill and the Finance Bill by the end of March as this would ensure implementation of the Budget proposals from April 1.
Anticipating healthier economic growth, the Railways has targeted a record Rs 1.6 lakh crore in revenue for the next financial year, while no increase has been proposed in passenger fares and freight rates.
