The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
The three-month long Budget session of Parliament will commence on February 23 and the general budget would be presented by Finance Minister P Chidambaram on February 28.
Railways must pull back its share of freight traffic.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals.
Biju Janata Dal termed the Budget, which was presented in Parliament by Rail Minister Sadananda Gowda, 'quite shocking' and 'illogical' as it complained that no emphasis had been made in it for the areas that generated more revenue from freight.
The Budget session of Parliament started Monday with the President's address.
About 110 tonnes had been loaded additionally in the 55 goods wagons.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
'On the tax front, most of the Budget proposals are sensible'.
Better funding assistance & reforms needed for tourism-related development projects.
Shinde announced that his government is committed to providing reservation to the Maratha community.
A day after proposing fare hike in the rail budget which has threatened his job, a defiant Railway Minister Dinesh Trivedi on Thursday said he would repeat the same if asked to present the budget again.
What is required from government is intellectual framework.
Internet facility, better and comfortable seating and catering arrangements will be provided in the specially designed coaches.
The finance ministry has advocated an increase in auto and cooking fuel prices only after the Budget is tabled in Parliament on February 26 in an effort to avert possible united protests from the United Progressive Alliance's non-Congress allies and opposition parties ahead of a busy opening week of Parliament.
Modi, who addressed a public meeting in Hyderabad after laying foundation stone and inaugurating several development projects, also said the lack of cooperation from the state government is leading to delay in the completion of several central projects in Telangana.
The year 2015 has seen eight accidents because of derailments.
Can Jaitley's team hope to garner 17% more on personal income tax?
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways official. Notably, the railways recently floated a sizeable tender worth Rs 35,000 crore of wagons, which had been in the pipeline since 2018. "Our Budget Estimates for freight increase were conservative.
NDA leaders have decided not to allow transaction of any business in Parliament till 'tainted' Union ministers are dropped.
Dinesh Trivedi continued to be Railway Minister on Thursday but only just with the United Progressive Alliance leadership appearing to have buckled under the Trinamool Congress demand to sack him, an action that has been temporarily delayed by the Union Budget to be presented on Friday.
The Rail Budget will be presented in the first week of July and a balance between the 'commercial and human face' of the railways will be maintained, railway minister Mamata Banerjee said on Thursday. She also hinted that she would spend more time in her home state than in Delhi as the official work can also be carried out from West Bengal.
Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.
The redevelopment of stations is good news for construction companies.
Mumbai locals will get a swanky look with state-of-the art coaches.
In August 2013, the Cabinet had given an in-principle nod to set up the authority and sent a draft note to the railways, to be discussed with the law ministry.
Senior citizens, differently-abled, pregnant women and medically sick travellers will be given a preference
Indian Railways expect to more than double their surplus to Rs 1,975.98 crore (Rs 19.75 billion) in 2005-06 compared to the target set for this fiscal thanks to higher earnings and sustained growth in transport and economy.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
Indian Railways has to up investment to strengthen network just like China and Russia.
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
Finance Minister Pranab Mukherjee's Budget presentation on Monday was in sharp contrast to his colleague Railway Minister Mamata Banerjee's disorderly and oft-disrupted performance.
In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.
The total salary and pension bill of the central government, which will also include Railway employees, will go up from estimated Rs 4.33 lakh crore to Rs 5.35 lakh crore during 2016-17
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