We track the latest developments as Railway Minister Suresh Prabhu presents his first Railway Budget.
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.
Ever since the Union Railway Minister announced the new rail budget #CelebTrains has gone viral on Twitter, and has become the top trending topic in India.
We believe the steps outlined by the Railway Minister will motivate to the electronics industry and bring cheers to the travellers through technology integration.
Station redevelopment policy to be revamped and processes simplified by inviting open bids; present stations be available for development on “as is where is” basis, to exploit the space and air rights on concession basis
Despite a patch-up post Maharashtra Assembly polls, Shiv Sena has been taking a stance against BJP on several issues, including the Land Acquisition Bill, reflecting the unease in ties.
Even though Prabhu made no mention of any revision in freight tariff in his speech, as has been the norm in the past, the minister, nevertheless, revised it upward between 2.1 percent and 10 percent, not sparing even commodities like grain, pulses, urea and coal.
The Indian Railways Minister Suresh Prabhu today presented a slew of measures that introduced more mobile friendly facilities for passengers.
The market borrowing as per the revised estimate by these two companies during the current fiscal was pegged at Rs 12,045 crore from markets, according to the Railway Budget for 2015-16, which was tabled by Railway Minister Suresh Prabhu in Parliament today.
Prabhu said more berths would be made available with the increase in number of coaches to meet the growing demand for confirmed seats on trains.
The lakhs of commuters of Indian Railways are rejoicing! Union Railway Minister Suresh Prabhu has decided not to increase passenger fares in this fiscal year across all categories.
The Railways will also take up a project for introducing on-board entertainment on select Shatabdi trains while an “SMS Alert” service to inform passengers in advance of the updated arrival/departure time of trains at starting or destination stations will also be started soon
Among the slew of measures that Suresh Prabhu announced were nine more high-speed trains, faster speed of existing trains, Wi-Fi in 400 stations and user-friendly ladders to mount upper berths. Here are the key highlights of the Railway Budget 2015.
The third phase of MUTP was reportedly to have begun as far back as 2011 but has been stuck in red tape so far.
Prime Minister Narendra Modi on Thursday praised his government's rail budget, commending Railway Minister Suresh Prabhu for marking a pradigm shift from the usual announcement of new trains and coach factories to actual reform measures and a larger focus on technology upgradation.
Encroachment has always been a major issue as the public sector behemoth often gets embroiled in battles with the public while implementing new projects due to land -related troubles.
Here is the full text of the Railway Minister Suresh Prabhu's speech in which he presented the Rail Budget 2015-16.
While introducing the Railway Budget in Lok Sabha, Railway Minister stressed that safety, passenger satisfaction and better amenities will be a priority for the government.
Presenting the Railway Budget, the minister said that every dynamic and thriving organisation needs to innovate and re-invent its practices.
In order to make travel on the Indian Railways a happy experience, Railway Minister Suresh Prabhu today introduced a slew of measures while presenting his maiden Rail Budget in the Lok Sabha. Chief among these measures were addressing the problem of unreserved seats and ensuring that tickets can now be booked 120 days in advance as opposed to the current 60-day window.
The speed of nine railway corridors will be increased from existing 110 and 130 kmph to 160 and 200 kmph respectively so that inter-metro journeys like Delhi-Kolkata and Delhi-Mumbai can be done overnight.
In his maiden Budget as railway minister, Prabhu has not only looked upon improving the physical facilities available to passengers but also promised to better the digital interface to make it more customer-friendly.
Two companies — Kalindee Rail Nirman and Stone India — however defied the broader market trend and settled in the positive territory with gains of 1.15 percent and 0.59 percent respectively.
There were demands for new trains, rail lines and projects from various section of the society including MPs and state governments.
In 2014-15, Rs 45,450 crore ($7.30 billion) was budgeted for investment in the railway - with the government providing 66 percent and the rest coming from internal resources.