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 30-share barometer started higher, but lost its way soon after the railway budget.
The Bharatiya Janata Party on Tuesday attacked Railway Minister Lalu Prasad for announcing hike in parcel rates and said many of the measures announced by the minister were initiated by the previous National Democratic Alliance government.
Expectations that a pleasing Union Budget for 2003-04 will be forthcoming tomorrow prompted an upbeat sentiment in the market today, lifting indices and spurring on buying activity in bank, tech and heavyweight stocks. \n\n\n\n
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
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
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
In July last, fares were increased by 14.2%.
There's a 13 per cent increase over last year, in an effort to put its flagging revenues back on track.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
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.
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
Railway investment in the 12th Plan to be Rs 7.35 lakh crore
The lawmakers seem as uninterested as those who use the railways.
Jammu and Kashmir Chief Minister Omar Abdullah has said that India and Pakistan came closer to resolving the Kashmir issue during the Manmohan Singh-led UPA government. He added that he does not expect a return to that situation in his lifetime. Abdullah lauded Singh's efforts on Kashmir, including the setting up of working groups on the issue, and said he practically initiated measures for the return of displaced Kashmiri Pandits. The chief minister also praised Singh's contribution to India's economic development.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
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.
Railway Budget is the first indicator of possibly better days
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.
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to a report by ICICI Bank. The report also noted that this growth is higher than the 7.1 per cent increase seen in FY25 and is mainly driven by rise in GST revenue from strong urban consumption. It said "The increase is driven by higher goods and services tax collections which in-turn is explained by boost to urban consumption".
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Many of the PPPs have not evinced interest, Prabhu said.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
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
'When people have money in their hands, they make their judgment about whether they want to spend it entirely or spend some out of it.'
'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)'.'
West Bengal Chief Minister Mamata Banerjee has slammed the Maha Kumbh as a "Mrityu Kumbh" (Death Kumbh), accusing the Uttar Pradesh government of suppressing the actual toll in the stampede that occurred at the religious gathering. Banerjee also criticized the lack of planning and management at the event, highlighting the plight of Bengal residents who died in the stampede. The BJP, however, has condemned Banerjee's remarks, calling her an "anti-Hindu chief minister" and accusing her of political opportunism.
