Railway Budget has not discriminated against any state.
To further improve rail connectivity and infrastructure development, 22 stations located at metropolitan centres and major tourist centres will be developed through public-private partnership, the President said.
Slow pace in modernisation and infrastructure addition chokes tracks, constrains productivity, raises costs and invites political interference.
The Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
Bharti Airtel, Reliance Jio, Vodafone Idea said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication.
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
Spinner Shams Mulani (5/71) and Himanshu Singh (4/77) wreaked havoc by sharing nine wickets between them as defending champions Mumbai crushed Odisha.
Railways on Friday withdrew the Rs 4 crore water bill sent to the Latur district administration and promised to continue to run water trains to cater to the need of the people in the parched areas of Marthahwada region till the crisis is over.
Industry bodies said the decisions will help attract much-needed capital, create jobs, encourage collaboration and benefit cash-starved small and medium enterprises.
The letter from West Bengal Chief Secretary Rajiva Sinha to Chairman of Railway board V K Yadav dated May 22, stated that the state has been severely impacted by Super Cyclone Amphan on May 20-21 which caused extensive damage to the infrastructure.
Delays in execution of mega infrastructure projects has seen a massive Rs 52,446 crore jump in their original cost estimates.
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.
There's a 13 per cent increase over last year, in an effort to put its flagging revenues back on track.
How the 4 ministries have performed
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
These beautiful railway stations are icons of a nation's outstanding infrastructure.
Jaitley said the global volatility has thrown up challenges
The Railways is expected to mobilise a substantial chunk of funds through dynamic pricing.
An official review of projects that have been held up is reported to have revealed that as many as 70 per cent of the 190 delayed works are victims of roadblocks in the way of getting land. Some of them have been in limbo for over a decade and may have to be shelved eventually, as cost estimates have gone haywire.
'Government cannot pick and choose as to against whom they want to take action and against whom they do not want to take action.'
Even though the Health Ministry and Indian Council of Medical Research (ICMR) have been insisting that there is 'no solid evidence' of community transmission so far, the government has started scaling up health infrastructure to deal with any situation.
The Palasa passenger train hit the Rayagada passenger train from behind at Kantakapalli, about 40 Km from Visakhapatnam, causing three coaches to derail.
This was one of the toughest years for Indian Railways.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
The Asian Development Bank (ADB) has approved $700 million in loans to support the Indian government's efforts to accelerate investment in infrastructure which the country requires to ensure strong economic growth.
Queensland's Development Minister Anthony Lynham issued a statement on Sunday, saying the combined mine, rail and associated water infrastructure have all been declared "critical infrastructure" and the project's special "prescribed project" status has been renewed and expanded to include its water infrastructure.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
President Droupadi Murmu on Wednesday emphasised the need to strengthen affirmative action as a tool for inclusion while urging the rejection of divisive tendencies rooted in perceived social hierarchies.
The Railways launched the Google's free Wi-Fi service at Vijayawada, Kachiguda and Raipur stations.
Inviting private sector for the development of railway infrastructure, the Indian Railways on Wednesday said the ambitious target of laying 1000 km of track per year would be financed through its internal resources.
Indian Railways should aim for a quantum growth in traffic. This will require investments in new infrastructure, including 125 capacity expansion works on the shelf, costing about Rs 35,000 crore.
If China has embarked on a $250 billion project to expand its railways in the next 15 years, can India be far behind?
Tariff fixation has become such a politicised exercise that the institution is losing its importance in the national transport infrastructure.
Amid the rhythmic chug of the train, a chorus of voices rises, each bearing its tale of hope and despair.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
The project, located 65 km north-west of the Alpha township, will rely on the railway infrastructure of the Alpha Coal project to transport coal to the Port of Abbot Point, Bowen.
