Rail Budget 2014

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.

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 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.

CII President Designate Sumit Mazumder said: "If projects are made attractive to private investors, funds through PPP and FDI will be available. Multilateral funding should also be accessed for high speed corridors".

Concerned over the growing number of experimental stoppages, Railway Minster D V Sadananda Gowda today said such stoppages will remain in vogue only till September 30 and then reviewed.

BJP today hailed the first Railway Budget of the Narendra Modi government as "revolutionary" and "remarkable" that will put the Railways back on track with priorities on safety, hygiene and speed.

Hailing the Railway Budget as "futuristic and growth-oriented", Prime Minister Narendra Modi on Tuesday said it is for the common people as it aspires for better service, speed and safety with focus on development of the country.

Indian Railways will borrow less at Rs 11,790 crore from market through its two companies IRFC and Rail Vikas Nigam Ltd (RVNL) for capital expenditure during 2014-15.

Railways on Tuesday made it clear that it would continue with the fuel adjustment component (FAC) to revise the passenger fares every six months.

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.

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 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.

CII President Designate Sumit Mazumder said: "If projects are made attractive to private investors, funds through PPP and FDI will be available. Multilateral funding should also be accessed for high speed corridors".

Concerned over the growing number of experimental stoppages, Railway Minster D V Sadananda Gowda today said such stoppages will remain in vogue only till September 30 and then reviewed.

BJP today hailed the first Railway Budget of the Narendra Modi government as "revolutionary" and "remarkable" that will put the Railways back on track with priorities on safety, hygiene and speed.

Hailing the Railway Budget as "futuristic and growth-oriented", Prime Minister Narendra Modi on Tuesday said it is for the common people as it aspires for better service, speed and safety with focus on development of the country.

Indian Railways will borrow less at Rs 11,790 crore from market through its two companies IRFC and Rail Vikas Nigam Ltd (RVNL) for capital expenditure during 2014-15.

Railways on Tuesday made it clear that it would continue with the fuel adjustment component (FAC) to revise the passenger fares every six months.