Ahead of the budget, Finance Minister P Chidambaram today held consultations with Reserve Bank Governor Duvvuri Subbarao here.
In a major initiative to address concerns of the power sector, Railways is planning to invest about Rs 4,000 crore to enhance rail connectivity to coal mines to boost fuel supplies to projects.
Terming the railway budget as a "major disappointment", Tamil Nadu Chief Minister Jayalalithaa today said the hike in supplementary and freight charges would cause an increase in prices of essential c
The Economic Survey to be tabled in Parliament tomorrow is likely to suggest a series of steps to arrest the declining GDP growth, which is estimated to be at the decade-low of 5% in the current fisca
Bihar Chief Minister Nitish Kumar today described the Rail Budget as "disappointing" and alleged that while Congress ruled states were given sops, other states including Bihar have been neglected.
Continuing efforts to clean up Railway finances, the Budget for 2013-14 today effected an across-the-board 5.8% hike in freight charges to net in Rs 4,200 crore a year while raising passenger reservat
Railways Minister Pawan Kumar Bansal sought to increase the freight rate on coal from Rs 685.10 per tonne, to Rs 724.80
Pawan Bansal does not intend to pass on the impact of deregulation of diesel price to consumer
There is little financial support that the railway minister can allocate especially during election year when his priorities lie in setting up manufacturing units in select constituencies
Thrust of the plan is on doubling tracks, safety, passenger and staff welfare, says Railway Minister
It is expected to fall short of targeted revenues by as much as Rs 7,491 cr due to lower passenger and freight earnings
Freight rates of urea have been increased by 5.8%, which could have an impact on the government's fertiliser subsidy bill.
Singh complimented Bansal for his "innovations" in critical areas of Railway infrastructure and paving the way for capacity expansion.
BSP supremo Mayawati expressed similar sentiments saying the rail budget was a "disappointment".
Freight on diesel was increased by 5.79% to Rs 1,041.80 per tonne from Rs 984.80 a tonne currently.
Besides, there is a proposed extension of as many as 57 trains and increasing the frequency of 24 trains
Decline in freight loading would also weigh on Railway Minister as he presents his maiden Budget today
Companies hit by delay in placing orders; seek policy initiatives