Railways Budget 2014

Prime Minister Narendra Modi on Tuesday listed initiatives like a six-fold budget increase from 2014 and assured the countrymen that in the next five years, the transformation of railways will exceed their imagination.

The Google CEO was addressing an audience of 3,500 students and teachers at his alma mater IIT Kharagpur.

The hashtag is trending on the second spot right after #RailBudget2015. Mr Suresh Prabhu, please take note.

Railways have earned Rs 36,674.17 crore during April-June 2014 as compared to Rs 33,499.53 crore during the same period last year, registering an increase of 9.48 per cent, according to Railway Ministry data.

High tariff and large passenger volumes are required to justify investment in high-speed train projects as these are highly capital intensive in nature, the Economic Survey (ES) has said.

Noting that foreign direct investment (FDI) and privatization in railway sector could be the next big ticket reforms, the Economic Survey said on Wednesday the government's proposal to relax FDI in railways should be examined carefully and quickly.

Rating agencies and analysts on Wednesday welcomed Railway Minister Sadananda Gowda's maiden budget for not being populist, but raised some reservations on implementation and lack of clarity on funding side.

The Indian Auto Industry has welcomed the Railway Budget presented by the Railway Minister Mr. D.V. Sadananda Gowda. Mr. Vikram Kirloskar, President, SIAM (Society of Indian Automobile Manufacturers) termed it as a forward looking and progressive Railway budget.

The Railway Budget on Tuesday proposed a major revamp of the passenger reservation facility by transforming it into a next generation e-ticketing system, supporting 7200 tickets per minute and allowing 1.20 lakh users simultaneously.

With an aim of providing railway-oriented education, the government is considering setting up of a Railway University for both technical and non technical subjects.

Having already effected a steep hike, the railway budget for 2014-15 spared passengers of any fresh revision in fares and freight rates but pitched for reforms by proposing private and Foreign Direct Investment and Public Private Partnership (PPP) to meet the resource crunch.

Prime Minister Narendra Modi's government disappointed markets with its first major economic policy statement on Tuesday, promising to seek foreign and private funding for the railways but giving no details of how it would lure investors.

Railway Minister Sadananda Gowda today said West Bengal and Bihar would be the major beneficiaries of the Rail Budget as it focuses on completion of ongoing projects.

In a move aimed at improving efficiency of the Railways, the government today announced the decision to separate the "unwieldy" Railway Board's functions of policy formulation and implementation.

Amid railways eyeing higher revenue from travellers in air conditioned coaches, the number of passengers in AC First Class and AC 3 Tier registered a decline in 2013-14 as compared to the previous fiscal.

Prime Minister Narendra Modi on Tuesday listed initiatives like a six-fold budget increase from 2014 and assured the countrymen that in the next five years, the transformation of railways will exceed their imagination.

The Google CEO was addressing an audience of 3,500 students and teachers at his alma mater IIT Kharagpur.

The hashtag is trending on the second spot right after #RailBudget2015. Mr Suresh Prabhu, please take note.

Railways have earned Rs 36,674.17 crore during April-June 2014 as compared to Rs 33,499.53 crore during the same period last year, registering an increase of 9.48 per cent, according to Railway Ministry data.

High tariff and large passenger volumes are required to justify investment in high-speed train projects as these are highly capital intensive in nature, the Economic Survey (ES) has said.

Noting that foreign direct investment (FDI) and privatization in railway sector could be the next big ticket reforms, the Economic Survey said on Wednesday the government's proposal to relax FDI in railways should be examined carefully and quickly.

Rating agencies and analysts on Wednesday welcomed Railway Minister Sadananda Gowda's maiden budget for not being populist, but raised some reservations on implementation and lack of clarity on funding side.

The Indian Auto Industry has welcomed the Railway Budget presented by the Railway Minister Mr. D.V. Sadananda Gowda. Mr. Vikram Kirloskar, President, SIAM (Society of Indian Automobile Manufacturers) termed it as a forward looking and progressive Railway budget.

The Railway Budget on Tuesday proposed a major revamp of the passenger reservation facility by transforming it into a next generation e-ticketing system, supporting 7200 tickets per minute and allowing 1.20 lakh users simultaneously.

With an aim of providing railway-oriented education, the government is considering setting up of a Railway University for both technical and non technical subjects.

Having already effected a steep hike, the railway budget for 2014-15 spared passengers of any fresh revision in fares and freight rates but pitched for reforms by proposing private and Foreign Direct Investment and Public Private Partnership (PPP) to meet the resource crunch.

Prime Minister Narendra Modi's government disappointed markets with its first major economic policy statement on Tuesday, promising to seek foreign and private funding for the railways but giving no details of how it would lure investors.

Railway Minister Sadananda Gowda today said West Bengal and Bihar would be the major beneficiaries of the Rail Budget as it focuses on completion of ongoing projects.

In a move aimed at improving efficiency of the Railways, the government today announced the decision to separate the "unwieldy" Railway Board's functions of policy formulation and implementation.

Amid railways eyeing higher revenue from travellers in air conditioned coaches, the number of passengers in AC First Class and AC 3 Tier registered a decline in 2013-14 as compared to the previous fiscal.