Railway Minister Sadanand Gowda presented the Railway Budget for 2014-15 on Tuesday.
Union Minister for Railways D V Sadananda Gowda in his maiden Budget presentation on Tuesday highlighted the achievements of the Indian Railways.
The Railway Ministry is considering a hike in passenger fares in the Railway Budget 2014-15 slated to be presented by Railway Minister Sadananda Gowda in the second week of next month.
Presenting the Interim Railway Budget for 2014-15, Mallikarjun Kharge on Wednesday announced that new trains will be introduced.
There has been a great debate on whether it is profitable for India to have bullet trains.
The Railway Minister proposed numerous steps to enhance passengers' safety.
Train running information system will be installed at rail premises to facilitate dissemination of information about trains on real time basis.
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.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
Two premium new long-distance trains and plan to convert a strategically important metre gauge line into broad gauge were announced on Wednesday for the Northeastern region in the Railway Budget, but opposition BJP and AGP dubbed the sops as "frustrating".
After presenting his first railway budget, Mallikarjun Kharge on Wednesday said he was not for populism but wanted to be "realistic" to ensure that the national transporter thrives for the people of the country.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
Anticipating healthier economic growth, the Railways has targeted a record Rs 1.6 lakh crore in revenue for the next financial year, while no increase has been proposed in passenger fares and freight rates.
The Railway Budget has impressed industry watchers.
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