Railways Budget 2012

Corporate leaders termed the Rail Budget as "innovative"

Passengers travelling in AC1 and AC2 classes in trains will have to shell out more from Sunday when the upward revision in higher class fares will come into effect.

Traders expect the Nifty to be range bound between 5,170 and 5,340 for the next few sessions

The Raiways budget this year was rife with a lot of drama, with the ensuing showdown between Mamata Banerjee and the government. Here are some of the political voices which punctuate the entire episode.

Stocks of companies in the railways business continued to decline and fell by up to 6 per cent

Mamata Banerjee has proved that in its current state, the Congress cannot refuse any demand she presents. The Prime Minster will agree, say sources, that her own party colleague, Dinesh Trivedi, will be fired as Railways Minister. Sources also say Mr Trivedi is expected to resign shortly.

Mamata Banerjee has proved that in its current state, the Congress cannot refuse any demand she presents. The Prime Minster will agree, say sources, that her own party colleague, Dinesh Trivedi, will be fired as Railways Minister. Sources also say Mr Trivedi has sent in his resignation to the PM. Ms Banerjee is punishing Mr Trivedi for announcing a...

Here are the Major highlights of the Rail Budget.

As per official data, Railways is projected to see gross traffic receipts to the tune of Rs 1.04 lakh crore for the year ending March 31 compared to budget estimate of Rs 1.06 lakh crore.

Fares between Delhi and Mumbai trains will increase by a minimum Rs 140 by AC 3-tier.

The senior-most leaders of the Congress were forced into an emergency meet at the Prime Minister's house late tonight to discuss Mamata Banerjee's request to sack her party colleague, Dinesh Trivedi, as Railways Minister. Sources say the PM will accept Ms Banerjee's request; and her nominee Mukul Roy will replace Mr Trivedi in the Union cabinet.

The railway minister today proposed the first hike in passenger fares in nine years and the highest ever annual plan outlay for the railways at Rs 60,100 crore, of which Rs 15,000 crore he said, would be from market borrowing.

Dinesh Trivedi, presenting his first rail budget, had his task cut out. His focus, he said, was three-pronged: "Safety, safety, safety." Following very closely behind were consolidation, decongestion and modernisation.

"No comments," he said when asked whether he would quit as Railway Minister as his party, Trinamool Congress, was demanding a rollback of the fare hike.

The refusal by successive ministers to raise fares has strained the railway's finances, which in turn has sapped the amount of money available to lay new track and modernise services.

Corporate leaders termed the Rail Budget as "innovative"

Passengers travelling in AC1 and AC2 classes in trains will have to shell out more from Sunday when the upward revision in higher class fares will come into effect.

Traders expect the Nifty to be range bound between 5,170 and 5,340 for the next few sessions

The Raiways budget this year was rife with a lot of drama, with the ensuing showdown between Mamata Banerjee and the government. Here are some of the political voices which punctuate the entire episode.

Stocks of companies in the railways business continued to decline and fell by up to 6 per cent

Mamata Banerjee has proved that in its current state, the Congress cannot refuse any demand she presents. The Prime Minster will agree, say sources, that her own party colleague, Dinesh Trivedi, will be fired as Railways Minister. Sources also say Mr Trivedi is expected to resign shortly.

Mamata Banerjee has proved that in its current state, the Congress cannot refuse any demand she presents. The Prime Minster will agree, say sources, that her own party colleague, Dinesh Trivedi, will be fired as Railways Minister. Sources also say Mr Trivedi has sent in his resignation to the PM. Ms Banerjee is punishing Mr Trivedi for announcing a...

Here are the Major highlights of the Rail Budget.

As per official data, Railways is projected to see gross traffic receipts to the tune of Rs 1.04 lakh crore for the year ending March 31 compared to budget estimate of Rs 1.06 lakh crore.

Fares between Delhi and Mumbai trains will increase by a minimum Rs 140 by AC 3-tier.

The senior-most leaders of the Congress were forced into an emergency meet at the Prime Minister's house late tonight to discuss Mamata Banerjee's request to sack her party colleague, Dinesh Trivedi, as Railways Minister. Sources say the PM will accept Ms Banerjee's request; and her nominee Mukul Roy will replace Mr Trivedi in the Union cabinet.

The railway minister today proposed the first hike in passenger fares in nine years and the highest ever annual plan outlay for the railways at Rs 60,100 crore, of which Rs 15,000 crore he said, would be from market borrowing.

Dinesh Trivedi, presenting his first rail budget, had his task cut out. His focus, he said, was three-pronged: "Safety, safety, safety." Following very closely behind were consolidation, decongestion and modernisation.

"No comments," he said when asked whether he would quit as Railway Minister as his party, Trinamool Congress, was demanding a rollback of the fare hike.

The refusal by successive ministers to raise fares has strained the railway's finances, which in turn has sapped the amount of money available to lay new track and modernise services.