Rail budget high on vision; but can push up costs: Analysts
Suresh Prabhu's maiden Railway budget is high on vision and small announcements, but could push up cost of logistics that can hurt initiatives like the 'Make in India' campaign, analysts said today.
Feb 26, 2015, 18:47 PM IST
Rail Budget pragmatic, to improve ease of doing biz: India Inc
Terming the Rail Budget as "pragmatic", India Inc today welcomed the larger role envisaged for the private sector and said various measures proposed would bring in higher efficiency and improve ease of doing business.
Feb 26, 2015, 18:22 PM IST
Freight hike throws cement, fertiliser stocks off the track
Stocks of cement, fertiliser and steel companies suffered losses today following the proposal to hike rail freight by up to 10 percent amid concerns that the firms will not be able to fully pass on the higher rates.
Feb 26, 2015, 18:20 PM IST
Rail stocks derail; falls up to 7% as Budget disappoints mkts
Share prices of companies that cater to the railway sector plunged by up to 7 per cent today after the Rail Budget 2015-16 failed to boost investors' sentiment.
Feb 26, 2015, 17:21 PM IST
'Cement manufacturing cost to go up by Rs 7-10 per bag'
Manufacturing cost for cement is likely to go up by Rs 7-10 per bag of 50 kg due to the proposed freight hike on various inputs and the commodity, but domestic firms would prefer to wait for the main Budget to take a call on raising the price.
Feb 26, 2015, 17:11 PM IST
Rail Budget 2015-16: Railways pegs 17% rise in passenger revenue in FY16
Railways' earning from passenger traffic is estimated to rise by nearly 17 per cent to Rs 50,175 crore in the next financial year as it expects more number of passengers to travel longer distance.
Feb 26, 2015, 17:09 PM IST
Freight rate hike to get Rs 4000 cr; no Rail fare increase
The Railway Budget today hiked freight rates on cement, coal, foodgrain and pulses, urea, kerosene and LPG by up to 10 per cent to mop up an additional Rs 4,000 crore a year but spared passengers from any raise in fares while ruling out privatisation.
Feb 26, 2015, 17:06 PM IST
Rail Budget 2015-16: Faster rail network growth in J&K, commits Prabhu
There would be faster rail network growth in Jammu and Kashmir and connectivity provided to all the Northeastern states, Railway Minister Suresh Prabhu said today.
Feb 26, 2015, 16:55 PM IST
Rail Budget 2015-16: Prabhu prioritises women safety
Giving priority to women`s safety, Railway Minister Suresh Prabhu Thursday announced the utilisation of resources from the Nirbhaya Fund by Indian Railways, adding that surveillance cameras would be provided in select coaches.
Feb 26, 2015, 16:49 PM IST
Rail budget realistic, not populist: Naidu
Terming the Railway budget as "realistic and pragmatic", Union Minister M Venkaiah Naidu today rejected opposition criticism that it lacked substance and said NDA government has taken on its shoulders all the responsibility of implementing unfulfilled promises of earlier regimes.
Feb 26, 2015, 16:44 PM IST
Rail Budget 2015-16: Essential item prices could go up due to rise in rail freight
Prices of food grain, pulses, cement, coal and steel are likely to go up following the proposal to hike rail freight by up to 10 per cent for various commodities.
Feb 26, 2015, 16:35 PM IST
Railway budget full of lofty ideas but no action plan: Nitish
Unimpressed with the Railway budget presented in Parliament today, Bihar Chief Minister Nitish Kumar said it was full of "lofty ideas but without any action plan."
Feb 26, 2015, 16:31 PM IST
Rail Budget 2015-16: Quality of bed linen to be improved
The Railways will launch within the next six months a programme to improve the design, quality and cleanliness of bed linen, Railway Minister Suresh Prabhu said here Thursday.
Feb 26, 2015, 16:29 PM IST
Rail Budget 2015-16: No increase in urea prices despite rail tariff hike: Kumar
Urea prices will not increase for farmers even as freight charges have been hiked on the nutrient by 10 percent in the Rail Budget, Fertiliser Minister Ananth Kumar said today.
Feb 26, 2015, 16:23 PM IST
Rail Budget 2015 : Prabhu proposes more environment-friendly rail system
Railway Minister Suresh Prabhu Thursday proposed a slew of measures to make the country`s largest public transporter more environment-friendly.
Feb 26, 2015, 16:01 PM IST
Rail Budget 2015-16: Freight rate hike may push up commodity prices
Cement, coal, steel and urea prices are likely to go up with the Railways Minister proposing freight hike up to 10 percent for various commodities.
Feb 26, 2015, 15:59 PM IST
Working towards integrating best food chains into e-catering: Prabhu
The government is working towards integrating the best food chains in the country into e-catering services, Railway Minister Suresh Prabhu said here Thursday.
Feb 26, 2015, 15:56 PM IST
Rail Budget 2015-16: Railway to use long term debt for development projects: Prabhu
Ruling out privatisation, Union Minister Suresh Prabhu today said Railways will now depend largely on long-term borrowings rather than changes in passenger fares or using tax payers money for its various development projects.
Feb 26, 2015, 15:45 PM IST
Rail Budget 2015-16: Smooth ride for Suresh Prabhu and his maiden Rail Budget
Suresh Prabhu's maiden Railway Budget presentation, peppered with personal references and quotes, turned out to be a smooth affair even as possibly for the first time, no new trains were announced today.
Feb 26, 2015, 15:42 PM IST
Rail Budget 2015-16: Rs 8.5 lakh crores to be invested over 5 years: Railway Minister
Railway Minister Suresh Prabhu pledged to look for options to raise money to improve the country's rail network, stating that approximately 8.5 lakh crore rupees would be invested over five years.
Feb 26, 2015, 15:31 PM IST
