Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
According to sources close to her, the budget in a way would reflect Mamata's vision for the Railways in the coming years and means of generating resources for key projects.
To establish itself as a top luxury player, Volvo plans to launch V40 in India by April.
Railway Minister Lalu Prasad has drawn up an integrated security plan for the railways.
Folding ladders would be made available in coaches.
Rajya Sabha Chairman M Venkaiah Naidu also made a fervent appeal to the leaders of various parties at an all-party meeting to ensure smooth and effective functioning of the House during the Budget Session.
'Interim Budget has ignited the entrepreneurial spirit.'
This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year.
The strike was supposed to affect about 23 million passengers.
Senior Bharatiya Janata Party leader Gopinath Munde on Friday slammed Union Railway Minister Mamata Banerjee for presenting a 'lacklustre, populist budget with an eye on forthcoming elections in West Bengal'.
Indian Railways has tied up funds for the next two years for its ambitious modernisation programme.
Bansal said he would also pursue for the approval of projects identified as being of national importance, including the Bilaspur-Manali-Leh, Jammu-Poonch via Akhnoor, Tanakpur-Bageshwar and Parsuramkund-Rupai.
Presenting the Railway Budget for 2010-11 in Parliament, she said the stations are Ambala Cantt., Bholpur, Ernakulum, Gorakhpur, Jammu, Jhansi, Kharagpur, Kota, Surat and Thane.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Indian Railways said it would rope in home-grown talent to develop world-class stations as foreign consultants were charging exorbitant fees.
The Indian Railways will flag off 117 new trains as planned.The Railways will also introduce 52 new trains in FY11.
"Dada and Didi have failed the people. Both are concerned only about West Bengal. The county had seen Didi a few days back. Today it also saw Dada."
Smokers and tobacco consumers will have to shell out more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
He was asked if there will be any roll back in the hike in passenger fares.
Determination of rates will no longer be an exercise behind veils where the Railways and the users could only peep covertly at what was happening on the other side.
The national transporter is also mulling a hike in passenger fares in the Rail Budget next year to tide over the loss in passenger sector
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
Railway Minister Lalu Prasad Yadav announced that Indian Railways will introduce 15,000 ticketing counters in next 2 years. The Railways plans to offer tickets through mobile phones.
On a scale of one to five, I can't pick a number above five! And if I had to rate it on a scale of one to ten, I wouldn't be able to pick a number above ten!
It will run non-stop between Hazrat Nizamuddin and Bangalore.
Indian Railways on Wednesday launched mobile application for paperless unreserved tickets.
Stating that the Budget is passenger friendly, Mamata Banerjee said the annual plan for 2011-12 is Rs 57,630 crore.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Railway Minister Lalu Prasad speaks on how he achieved the railways' turnaround.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
Trinamool Congress leader Mukul Roy was on Tuesday elevated to Cabinet rank to take over as Union railway minister replacing Dinesh Trivedi, who was forced to resign after Congress caved in to Mamata Banerjee's pressure.
Railways Minister Sadananda Gowda will present his maiden Rail Budget on July 8 in Parliament.
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
Officials in the railway ministry are discussing a proposal by Railway Minister Mamata Banerjee to cut the premium on Tatkal (instant) tickets and reduce its booking period to give the railway budget an aam aadmi touch.
As yet another Rail budget is set to be unveiled, Railways has seen several former Ministers like Suresh Kalmadi and Dinesh Trivedi getting derailed after remaining at the helm.
The recent fuel price hike, especially of the diesel, will increase the expenditure bill for the Indian Railways by about Rs 250 crore (Rs 2.5 billion).
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
Congress on Tuesday slammed the Railway Budget as "pro-rich" with former Congress leader Mukesh Sharma removing Sadanand Gowda's nameplate, stepping on it in protest of what the party has called a anti-poor budget.
