Rail Budget 2015

Rs 8.5 lakh cr to be pumped into Railways over 5 years: Suresh Prabhu

Laying emphasis on capacity expansion, decongestion of network and passenger safety, Railway Minister Suresh Prabhu Tuesday said a massive Rs 8.5 lakh crore would be pumped in over the next five years to make it a viable organisation and bring back the road traffic.

Mar 17, 2015, 19:14 PM IST

LS passes Rail Budget; Govt wants a massive hike in investment

The Rail Budget for 2015-16 was passed by the Lok Sabha Thursday with Railway Minister Suresh Prabhu making a strong pitch for a massive hike in investment for the Railways.

Mar 12, 2015, 22:03 PM IST

'Dispute settlement system must for pvt participation in rail'

Railway Minister Suresh Prabhu today said that he is open to the idea of setting up a dispute redressal mechanism to facilitate the entry of private industry into the sector.

Mar 01, 2015, 17:29 PM IST

Rail stocks pick up steam after budget

In step with overall buoyant trend, share prices of companies that cater to the railway sector Friday saw huge buying, surging in range of 2-11 percent after a poor show on Rail Budget day.

Feb 27, 2015, 21:01 PM IST

PPP policy must change to attract investment in railways: Minister

Acknowledging that Railways is in "trouble", Union Minister Suresh Prabhu today said public-private-partnership policy must change to attract investment for capacity building.

Feb 26, 2015, 23:14 PM IST

ICC welcomes proposals for Northeast in Rail Budget

The Indian Chamber of Commerce (ICC) welcomed Railway Minister Suresh Prabhu's announcement that the ongoing projects in the Northeastern states would receive a major thrust.

Feb 26, 2015, 22:47 PM IST

Railway finances will be hard-pressed in near future: White Paper

Indian Railways' finances will be hard-pressed in the near future with the anticipated increase in committed expenditures, according to a White Paper on the national transporter tabled by Railway Minister Suresh Prabhu in Parliament Thursday.

Feb 26, 2015, 22:34 PM IST

Lower diesel prices among reasons behind no hike in rail fares

Railway Minister Suresh Prabhu Thursday said decline in prices of diesel, a major source of fuel for railways, is one of the reasons behind the government's decision not to hike passenger fares.

Feb 26, 2015, 21:48 PM IST

Now, book your rail ticket 4 months in advance

Now you will be able to book your rail ticket four months in advance instead of two months at present.

Feb 26, 2015, 21:46 PM IST

Freight hike won't affect prices of essential items: Prabhu

Defending the hike in freight rates that would rake in Rs 4,000 crore more, Railway Minister Suresh Prabhu Thursday said it would have minimal impact on the transportation of commodities and would not affect the prices of essential items like foodgrains, fertilisers and urea.

Feb 26, 2015, 21:31 PM IST

More berths for aged, pregnant, differently-abled in trains

Railways Thursday proposed an increase in the quota of berths for senior citizens, pregnant and differently-abled persons in trains.

Feb 26, 2015, 21:29 PM IST

Railway to launch SMS alert service for arrival, departure timings

For the convenience of passengers, Railway Minister Suresh Prabhu Thursday announced introduction of SMS alert service informing travellers in advance about arrival and departure timings of the trains.

Feb 26, 2015, 21:27 PM IST

North West Railway gets more funds for 2015-16 in Budget: GM

The Railway Budget Thursday allocated more funds to the North West Railway (NWR) for the next fiscal year (2015-16) as compared to the last year's allowance given to the section, officials said here.

Feb 26, 2015, 21:23 PM IST

Prabhu's rail budget fails to muster investor confidence

Railway Minister Suresh Prabhu`s maiden budget failed to garner investor confidence, as a majority of stocks associated with the railways plunged in Thursday`s trade session.

Feb 26, 2015, 21:20 PM IST

All BRICS members to have equal shareholding in new bank

Each of the five BRICS member countries will have equal shareholding in the New Development Bank and US Dollar will be base currency for the lender, External Affairs Minister Sushma Swaraj said today in Rajya Sabha.

Feb 26, 2015, 19:14 PM IST

Bharti Airtel raises Rs 1,925 crore by selling stake in Infratel

Bharti Airtel has raised Rs 1,925 crore (approximately USD 310 million) by selling 55 million shares in its subsidiary Bharti Infratel Limited in an equity market transaction, a company statement said here Thursday.

Feb 26, 2015, 19:07 PM IST

Tata Steel hopes Budget to take steps to arrest rising imports

Tata Steel on Thursday said it expects Finance Minister Arun Jaitley will take necessary measures in the upcoming Union Budget to rein in rising steel imports for making the domestic industry competitive.

Feb 26, 2015, 18:55 PM IST

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