Successive plans have allocated less resources to the Railways.
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.
Inviting private investment, Railways Minister Suresh Prabhu on Friday said a transparent system is being put in place to facilitate it and moves are afoot to revamp the ministry's public-private-partnership (PPP) cell.
Cement may get costlier by Rs 7 per bag of 50 kg because of the hike in freight rate by 5.79 per cent in Railway Budget today, but manufacturers of the building material said a final call will be taken after the Union Budget.
'Duronto' trains, a non-stop service connecting metros and major state capitals, was announced on Friday by Railway Minister Mamata Banerjee.
Passengers can now buy reserved tickets from 5,000 post offices, Railway Minister Mamata Banerjee said presenting the Railway Budget on Friday.
After a five-day waiting game, Railways Minister Dinesh Tiwari has resigned, according to Trinamool Congress sources. Tiwari met with TMC chief Mamata Banerjee, and expressed his willingness to quit.
The Re 1 cut in diesel prices could lead Railway Minister Lalu Prasad Yadav to announce a reduction in passenger fares in the forthcoming Railway Budget.
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.
Railway Minister Lalu Prasad Yadav on Wednesday said next year's railway budget would have surprise content and promised that there would not be any hike in passenger fares and additional surcharge.
Travelling by rail in India was once a pleasure, but has now become a forbidding challenge.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
The Congress on Thursday sought to downplay the Dinesh Trivedi episode, saying it is an internal affair of the government and it could not be discussed outside.
He said that efforts were being made either to close or man such crossings in the next two years.
Diesel prices for the Railways have come down from Rs 60.08 a litre in June to Rs 50.51 a litre now.
'Interim Budget has ignited the entrepreneurial spirit.'
In Jammu & Kashmir, the minister proposed to set up a bridge factory.
The Railways on Monday announced that Tatkal reservation on trains will open only two days before the journey, instead of the past practice of when Tatkal tickets were available five days in advance.
A smiling Rabri Devi, who watched the presentation of the Railway Budget on television, said that it was a best ever Railway Budget. "There is little doubt about it," she claimed.
Railway Minister Mamata Banerjee has announced Yuva air-conditioned (AC) trains to be introduced for the youth whereby one would have to pay Rs 299 for distances upto 1,500 km and Rs 399 for distances upto 2,500 km. The Railways will also start non-stop trains, Turonta for the first time in history. The 12 trains include - Howrah-Mumbai, Chennai-Delhi, Delhi-Pune, Howrah-Delhi, Kolkata-Amritsar, Mumbai-Ahmedabad, Delhi-Jammu, Delhi-Allahabad.
Rlys plan 50 garib raths, 450 AC trains; SPVs planned for wagon manufacture for freight corridors.
The projects include commissioning of new lines, gauge conversion and doubling of existing tracks in certain busy stretches.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
This was on the expected lines after Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee played a major role in getting the former Railway Minister Dinesh Trivedi resign.
On an annual basis, we'll seek out solutions to Indian Railways' most critical problems through 'innovation challenge': Suresh Prabhu
With a view to reducing its dependence on conventional sources of energy, Railways is looking to harness solar power in a big way and is likely to include a plan for the same in its upcoming budget.
'There is tension between the zones all the time.'
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
The Railway Minister sanctioned Ganguly's request for utilising the Railway cricket complex in Kolkata for an academy.
Improvement in passenger amenities and better interiors would also figure in the budgetary proposals.
Railway Minister Mamata Banerjee will present the Rail Budget on July 1.
The Union Minister of Railways, Lalu Prasad while presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, announced the introduction of 43 new trains which include four Garib Raths.
The Railway Board issued a notification a few months ago under which divisional regional managers of certain zones were given financial powers to levy a surcharge from passengers who insist on seeking reservation for lower berths.
The railways have been able to project improvement in finances.
BJP member Ananth Kumar was debating Mamata Banerjee's promise to upgrade 309 stations as 'model' ones, of which 137 were in West Bengal. Intervening, Lalu Prasad Yadav said, "World-class station banana to ek soch hai. Yeh banna to hai nahi. Aap pareshan kyon ho rahe hain? In this connection, he said during his tenure also he had proposed to upgrade Patna station which never happened.
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.
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
Three new non-stop Duronto trains will be launched on Wednesday, the last day of the current financial year. They are the New Delhi-Bhubaneswar, New Delhi-Howrah, and Delhi Sarai Rohilla-Jammu Tawi Duronto expresses.
The Minister of Railways, Mamata Banerjee on Friday announced several concessions for the students in the Railway Budget for 2009-10.
As part its efforts to get more freight from highways and address shortage of wagons, Railway Minister Mamata Banerjee on Wednesday proposed to introduce a modified wagon investment scheme for high-capacity general and special purpose wagons.
