From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
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.
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.
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
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.
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
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
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
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.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
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.
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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'.
'I am not a mother and never had an abortion either, so I had to understand motherhood and child loss from anecdotal experiences of others.'
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
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'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
'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.'
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
The public sector behemoth is looking at forming joint ventures with states.
The amount constitutes 45 per cent of the railways' total wage bill.
