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Sebi bans Pawan Bansal from acting as market intermediary

Markets regulator Sebi today barred Pawan Bansal, named in the Syndicate Bank bribe-for- loan-scandal, from associating with any intermediary, saying he is no longer 'fit and proper' person to carry out merchant banking activities

4-day CBI remand for Syndicate Bank CMD S K Jain, 7 others

Chairman-cum-Managing Director of Syndicate Bank S K Jain and seven others were on Sunday remanded in CBI custody for four days as the agency plans to probe various other angles into the case that may emerge from the telephonic transcripts of the official and conduits.

India committed to development of inter-country rail linkages: Bansal

"This network would provide a major land corridor for transport of people and goods across the frontiers of the member countries," he said.

Bansal rules out further hike in freight tariff

Railway Minister Pawan Kumar Bansal Monday ruled out any further hike in freight tariff after the latest increase in diesel price by Rs 1 for bulk consumers.

Rail Budget 2013: Hike in rail freight charges expected to have negative impact

The proposed 5.79 percent hike in rail freight charges is expected to have a negative impact on the margins of the cement industry besides, increasing the cost by up to Rs 4 per bag, according to research firm India Ratings.

Railway Budget 2013: Railway stocks derail, see losses of up to 16%

Share prices of companies that cater to the railway sector like Stone India, Kernex Microsystems and Kalindee Rail tanked by as much as 16 percent in the absence of big ticket announcements in the Rail Budget on Tuesday.

Rail Budget 2013: Rail freight rate hike to push up foodgrain, LPG prices

Railway freight rate was on Tuesday hiked by nearly 6 percent across the board, which is likely to result in higher prices of foodgrain, diesel and LPG.

Railway Budget 2013: Arunachal to get first rail line this year, says Pawan Bansal

In an apparent response to China bettering its transport infrastructure along its western frontiers, Railway Minister Pawan Kumar Bansal on Tuesday announced that Arunachal Pradesh will get its first rail line this year.

Rail Budget 2013: 'Rail budget disappointing for suburban commuters'

"The suburban commuters had a lot of expectations from Union Railway Minister Pawan Kumar Bansal. But his budget has been disappointing in many ways," National Railway Users' Consultative Committee member Subhash Gupta said.

Rail Budget 2013: Rail freight hike to fuel inflationary pressure, says economists

Over 5 percent increase in railway freight on all major commodities like foodgrains, petroleum products and fertiliser will fuel inflationary pressure, say economists.

Tirupur exporters body welcomes rail budget

The Tirupur Exporters' Association (TEA) said the sparing of any increase in passenger fare would be beneficial for the hosiery town as a large number of people travelled there for employment.

Rail Budget 2013: Bansal’s family gives 10/10 for Budget

Coming to the rescue of Bansal, his family unanimously supported the minister’s budget and the slew of measures adopted by the Railways for the current year.

Rail Budget 2013: SIDELIGHTS

Pawan Kumar Bansal's maiden railway budget appeared to have been shown the red signal by allies and supporting parties if the uproar in the Lok Sabha was an indication.

Rail Budget 2013: Rail freight hike on coal may increase electricity tariffs

The proposed increase in coal freight rate by 5.7 percent in the Railway Budget 2013-14 on Tuesday will have no effect on the coal sector but may lead to a marginal increase in the electricity tariffs.

Rail Budget 2013: Freight rates hiked by 5.8%, passenger charges also up

Continuing efforts to clean up Railway finances, the Budget for 2013-14 on Tuesday effected an across-the-board 5.8 percent hike in freight charges to net in Rs 4,200 crore a year while raising passenger reservation and related charges to rake in an additional Rs 483 crore.

Rail Budget 2013: No passenger fare hike but freight rates, ticket charges up

Though the Railway Minister did not propose any increase in basic rail fares, the hike in reservation fees and supplementary charges will mean an increase of Rs 5 to Rs 25 in fares for all classes in superfast trains.

Railways to mobilise Rs 1.46 lakh crore; to miss target for FY'13

Railways Minister Pawan Kumar Bansal on Tuesday proposed to mobilise Rs 1.46 lakh crore by raising various charges.

Railway Budget 2013: Full text

Speech of Sh. Pawan Kumar Bansal introducing the Railway Budget, 2013-14 26th February 2013

Sensex tumbles 235 points on hike in freight rates

The BSE benchmark Sensex tumbled 235 points in mid-session trade Tuesday as selling pressure gathered momentum after a proposed freight hike in the railway budget.

Pump funds into Indian Railways to raise standards: Pawan Bansal

Talking to reporters here, Bansal said the railways needs trillion of rupees to finish its projects and improve facilities and provide basic amenities.