Page 20 - Union Budget 2016

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

The note also predicts that Reserve Bank of India would cut the policy rate "one more time"

Railways to get budgetary support of Rs 4,301 cr in FY17

Suresh Prabhu in his Budget speech proposed a Plan size of Rs 1,21,000 crore in 2016-17

India GDP likely to clock 7.8% growth in 2016: Nomura

India's industrial recovery process is likely to be gradual owing to external headwinds and weak private sector investment, still the country is expected to clock a GDP growth of 7.8 per cent in the next fiscal, says a report by Nomura. According to the Japanese financial services firm, the industrial production data suggests that growth momentum, including investment demand, slowed at end-2015, while industrial recovery is expected to be gradual due to external headwinds and weak private sector investment. "Still, we expect GDP growth to rise to 7.8 per cent in 2016-17 from 7.6 per cent in 2015-16, led by low commodity prices, improving discretionary demand and a consumption boost from the Seventh Pay Commission," Nomura said. According to the global brokerage firm, the factors that are likely to aid growth momentum include low commodity prices, improving discretionary demand, a consumption boost from the Seventh Pay Commission, pass-through of past rate cuts and the lagged impact

Arun Jaitley to investors: Don't panic, trust economy's strength

The Finance Minister said the government will continue to pursue policies to support growth amid global slowdown

Pushing growth over fiscal discipline to be counter-productive: HSBC

The best outcome would be for policymakers to stick to the fiscal consolidation target, while providing funds for selected growth initiatives

Indian Railways still coping with Lalu Prasad's myth of "cash surplus"

The 2011 CAG report found that the so-called surplus shown on the financial statements covered "cash and investible surplus", were not included in the "net surplus" figures released by the railways in the earlier years

Railway Budget 2016: Suresh Prabhu fails to take the bull by the horns

Prabhu's hour-long speech, however, skipped the grave numbers which he chose to table before the Lok Sabha as annexure to the speech.

Rail Budget 2016: 11 projects for Central Railway worth Rs 30K cr

He announced elevated suburban corridor between CST and Panvel and Churchgate to Virar

Hail Consumer! Prabhu's 'Janta-Friendly' Rail Budget

As passenger earnings witnessed a dip and low-cost airlines cut into Indian Railways's wide passenger base, Suresh Prabhu's second Railway Budget 2016-17 was aimed at luring customers with novel schemes.

Rail Budget 2016 reflects govt's commitment to poor: PM Modi

He said the Railway Budget presented by Suresh Prabhu has made a 'quantum leap' with huge investment

Hyderabad suburban transport services to get a further boost

The Hyderabad suburban passenger transport services on the busy Ghatkesar section will get a further boost with Railway Minister Suresh Prabhu announcing the MMTS project on a cost sharing basis with Telangana government.

Rail Budget 2016 failed to meet expectations of Tamil Nadu: Jayalalithaa

Railway Budget carried considerable weight of anticipation and apprehension

Rail Budget 2016 will make backbone of India's overall development: FICCI

This budget has laid down the roadmap for developing next generation railway infrastructure, said FICCI President

Rail Budget 2016: Counter tickets can be cancelled through cellphone

New procedure will allow passengers to cancel their tickets from anywhere in the country through telephonic services of the Indian Railways

Rail Budget 2016: Mission 'zero accident' to prevent train mishaps

In Budget speech Suresh Prabhu said that he intends to eliminate all unmanned level crossings on broad guage in 3-4 years

BJP President Amit Shah lauds rail budget

He said the Deen Dayalu coaches were a big relief for the poor who had to suffer due to non availability of tickets in long distance trains

Rail Budget 2016: More lower berths for elderly, e-tickets easier for disabled

He said that at least one disabled-friendly toilet on all platforms in A1-class stations will be built in next financial year

Railways to become an engine of employment generation: Prabhu

Expressing his happiness over action initiated on 139 budget announcements made last year, he announced setting up a Rail University in Vadodara

'Jersey cow' Railway has derailed, says Lalu

Accused the ruling dispensation of derailing the railway sector, which acted as a lifeline for all

Rail Budget 2016: Earnings fall short of target by Rs 15k cr

Railways Minister Suresh Prabhu attributed the shortfall to tepid economic growth due to global slowdown