Railway Budget 2016-17

Indian Railways has announced two new trains each in the Tejas, Humsafar and Antyodaya services.

The new schedule is part of Indian Railways' new timetable effective November 1, 2017. Humsafar, Tejas and Antyodaya were among the four new train projects announced by the government in the Rail Budget of financial year 2016-17

Initiating its new ambitious project, the Indian Railways are going to launch the Utkrisht Double-Decker AC Yatri (Uday) Express in July this year. Uday Express, special class service trains will run overnight, sticking to high-demand routes.

The new catering policy was launched recently by Railway Minister Suresh Prabhu as promised in the Rail Budget 2016-17.

The optional travel insurance scheme in the Indian Railways has garnered huge response in less than a months' time, as over one crore passengers opted for it, officials said.

Breaking its tradition, the general Budget of the Union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate Railway Budget.

Union Budget has for decades been presented on last day of February, but this could soon change with the government mulling advancing it to January end so as to complete the budget exercise before the beginning of the new fiscal year.

Railway Minister Suresh Prabhu has written a letter to Union Finance Minister Arun Jaitley seeking an end to the age-old practice of presenting a separate budget for railways by merging it with the General Budget.

Indian Railways will invest $140 billion over the next five years in infrastructure and improving the mobility of its services, Railway Minister Suresh Prabhu said here on Thursday.

Timely implementation of all the announcements is key, say experts.

The railway minister may have drafted his second budget with an eye on crucial elections in five states later this year, but by diluting his reformist credentials, Mr Prabhu disappointed markets, analysts say.

Indian Railways will borrow Rs 20,000 crore from markets through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2016-17, a whopping 69 per cent rise over the current fiscal year's revised estimate.

Prime Minister Narendra Modi today said that the Rail Budget, which proposes no fare hike, caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter with the aim of providing trains with higher speed and safety.

Mr Prabhu has proposed to set up India's first rail auto hub in Chennai.

Welcoming the railway budget, exporters on Thursday said the announcements related to augmentation of rail network and port connectivity would help traders.

Indian Railways has announced two new trains each in the Tejas, Humsafar and Antyodaya services.

The new schedule is part of Indian Railways' new timetable effective November 1, 2017. Humsafar, Tejas and Antyodaya were among the four new train projects announced by the government in the Rail Budget of financial year 2016-17

Initiating its new ambitious project, the Indian Railways are going to launch the Utkrisht Double-Decker AC Yatri (Uday) Express in July this year. Uday Express, special class service trains will run overnight, sticking to high-demand routes.

The new catering policy was launched recently by Railway Minister Suresh Prabhu as promised in the Rail Budget 2016-17.

The optional travel insurance scheme in the Indian Railways has garnered huge response in less than a months' time, as over one crore passengers opted for it, officials said.

Breaking its tradition, the general Budget of the Union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate Railway Budget.

Union Budget has for decades been presented on last day of February, but this could soon change with the government mulling advancing it to January end so as to complete the budget exercise before the beginning of the new fiscal year.

Railway Minister Suresh Prabhu has written a letter to Union Finance Minister Arun Jaitley seeking an end to the age-old practice of presenting a separate budget for railways by merging it with the General Budget.

Indian Railways will invest $140 billion over the next five years in infrastructure and improving the mobility of its services, Railway Minister Suresh Prabhu said here on Thursday.

Timely implementation of all the announcements is key, say experts.

The railway minister may have drafted his second budget with an eye on crucial elections in five states later this year, but by diluting his reformist credentials, Mr Prabhu disappointed markets, analysts say.

Indian Railways will borrow Rs 20,000 crore from markets through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2016-17, a whopping 69 per cent rise over the current fiscal year's revised estimate.

Prime Minister Narendra Modi today said that the Rail Budget, which proposes no fare hike, caters to all sections of the society and showcases a vision to reorganise and rejuvenate the national transporter with the aim of providing trains with higher speed and safety.

Mr Prabhu has proposed to set up India's first rail auto hub in Chennai.

Welcoming the railway budget, exporters on Thursday said the announcements related to augmentation of rail network and port connectivity would help traders.