Railway Budget 2016: Prabhu should open the door to private investors to get Railways back on track
9 years ago

Railway Budget 2016: Prabhu should open the door to private investors to get Railways back on track

Firstpost  

While Prabhu has boldly stated that the operating ratio at the end of 2016-17 shall be 92%, everyone agrees that it is impossible By Sanjeeva Shivesh The second Railway Budget of Suresh Prabhu was eagerly expected, primarily due to the fact that his first budget was high on promise and by January 2016, we knew that the financial health of railways deteriorated further. For the first time in last 25 years, we find that the freight business, which is the butter of Indian Railways, has grown less than 1%. That means, on a per tonne kilometer basis, the average freight rate to a shipper on Indian Railways was Rs 1.00 in 2011. Prabhu declared the five year vision of making Rs 8,50,000 crore investment in Railways with Rs 121,000 crore coming in 2016-17.

Indian Railways Railways Budget Indian Railway Freight 2016 Prabhu Lic Suresh Prabhu Irfc  budget  trains  2016  shall  railways  freight  private  rs  open  investors  indian  crore  prabhu  track  door  railway

History of this topic

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways
2 weeks, 4 days ago

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways

Live Mint  

New Delhi: Indian Railway Finance Corporation, a financial institution under the ministry of railways, is looking to fund public and private infrastructure projects to expand its business that has been focused on mobilizing and funding projects of the Indian Railways. IRFC is also exploring opportunities to fund rolling stock requirements for Indian Railways customers, container train operators, renewable energy needs …

What does the Budget offer Railways?
1 month, 2 weeks ago

What does the Budget offer Railways?

The Hindu  

The erstwhile Railway Budget, presented a couple of days before the Union Budget, was once a grand spectacle where the Indian Railways, awaited its moment of glory. The much-anticipated capex push failed to materialise beyond last two years’ ₹2.62 lakh crore, which in real terms is a correction downwards, signalling that even the government is pausing to reassess. Mere spectacle …

Railways allocation remains unchanged at ₹2.65 lakh crore, budget for customer amenities, investment in PSUs slashed
Trending News
1 month, 3 weeks ago

Railways allocation remains unchanged at ₹2.65 lakh crore, budget for customer amenities, investment in PSUs slashed

The Hindu  

The Budget allocation for Indian Railways for FY 2025-26 stands at ₹2.65 lakh crore, the same as last year’s allocation. At a press briefing following the Union Budget 2025-26 presentation on Saturday, Union Railways Minister Ashwini Vaishnaw said, “The Railway Capex stands at ₹2.52 lakh crore from the total ₹2.65 lakh crore allocation that include Public Private Partnership investments.” Sources …

Union Budget allots ₹7,564 crore for railway projects in Karnataka
Trending News
1 month, 3 weeks ago

Union Budget allots ₹7,564 crore for railway projects in Karnataka

The Hindu  

The Union Budget for 2025-26 has laid a railway roadmap for Karnataka by allotting ₹7,564 crore, including 15 projects connecting intra-State and inter-State railway stations. Finance Minister Nirmala Sitharaman pegged the Indian Railway budget at ₹2.55 lakh crore against ₹2.62 lakh crore last year. In the overall railway budget, he said ₹1,16,500 crore has been allocated for railway safety, ₹12,000 …

Indian Railways' capital expenditure unchanged at ₹2.52 lakh crore
1 month, 3 weeks ago

Indian Railways' capital expenditure unchanged at ₹2.52 lakh crore

Hindustan Times  

The Indian Railways’ capital expenditure for 2025-26 has been kept unchanged at ₹2.52 lakh crore for the second year in a row, with a focus on safety and electrification. Union finance minister Nirmala Sitharaman on Saturday, February 1 presented the first full budget of Modi 3.0, marking her eighth budget, a record in itself. Budget papers show that the government …

Union Budget 2025: Did Sitharaman leave Indian Railways wanting for more to enhance its ‘gati’ and ‘shakti’?
1 month, 3 weeks ago

Union Budget 2025: Did Sitharaman leave Indian Railways wanting for more to enhance its ‘gati’ and ‘shakti’?

Firstpost  

Despite hopes for more funding, the Union Budget 2025 keeps Indian Railways’ allocation the same, missing a chance to boost its growth and development Union Budget 2025 turned out to be disappointing for the Indian Railways. Despite previous years of consistent growth and rising freight volumes, the budgetary allocation for Indian Railways has remained stagnant at Rs 2.55 lakh crore. …

Budget 2025: Will defence, railway sectors get a big boost?
1 month, 3 weeks ago

Budget 2025: Will defence, railway sectors get a big boost?

India Today  

Experts are optimistic about the government’s balanced efforts at fiscal planning which could boost consumption and promote the growth and development of the nation. "In the realm of defence, we foresee budgetary allocation towards capital expenditure to hover around 7% to 8% in FY26; shall this be given effect, it would amount to approximately Rs 1.9 lakh crore. Significant alterations …

Focus on modern trains, more AI usage and infrastructural development- What to expect from Railway Budget 2025
2 months ago

Focus on modern trains, more AI usage and infrastructural development- What to expect from Railway Budget 2025

India TV News  

Railway Budget 2025: In the forthcoming Union Budget 2025, Indian Railways is anticipated to receive a 17 to 20 per cent increase in capital expenditure allocation for FY26. Railway Budget 2025 As per the experts, there are high expectations for the railway budget to focus on modernising the trains and the railways network, improving services, and expanding the infrastructure. Hike …

Budget 2025: Govt likely to increase railways budget by 18 per cent, focus on safety and infrastructure
2 months, 1 week ago

Budget 2025: Govt likely to increase railways budget by 18 per cent, focus on safety and infrastructure

India TV News  

Budget 2025: The government is actively preparing for the presentation of the Union Budget for the financial year 2025-26, with various sectors and stakeholders having high expectations. Experts predict that this year's budget could see an 18 per cent increase in allocation for railways in the budget allocation for this sector. Railways' plan for armor protection system In the full …

Railways spends 76% capex for capacity improvement by far in 2024-25
2 months, 2 weeks ago

Railways spends 76% capex for capacity improvement by far in 2024-25

Live Mint  

New Delhi, January 8 : Keeping pace with the budgetary allocation, Indian Railways has spent 76 per cent of its budgetary outlay within the first nine months of the current fiscal year 2024-25. According to the latest expenditure report of Indian Railways till January 5, 2025, heavy investment is made in capacity augmentation, a reality aiming to make rail travel …

IRCTC to IRFC: Should you buy Indian Railway stocks ahead of Budget 2025?
2 months, 3 weeks ago

IRCTC to IRFC: Should you buy Indian Railway stocks ahead of Budget 2025?

Live Mint  

Railway stocks: With the Union Budget 2025 just a month away, investors seem cautious, contemplating whether this is the right time to invest in Indian railway stocks like Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation, Rail Vikas Nigam and Railtel Corporation Of India. IRCTC, IRFC, RVNL, Railtel share price trend Several railway stocks have been on a …

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development
7 months, 3 weeks ago

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development

Deccan Chronicle  

Bhubaneswar: The Bharatiya Janata Party-led Odisha government on Thursday presented Rs.2.65 lakh crore budget for the financial year 2024-25 with more special focus on agriculture, infrastructure, welfare and Odia Asmita. Presenting the budget, Chief Minister Mohan Charan Majhi, who also holds the finance portfolio, proposed the administrative expenditure at Rs 97, 725 crore and the programme expenditure of Rs 1,55,000 …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
7 months, 3 weeks ago

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore

The Hindu  

Telangana got a record budget allocation of ₹5,336 crore for railway projects in 2024-25, as against the total railways allocation of ₹2.62 lakh crore of which ₹1.09 lakh crore has been allocated for safety-related activities, said Railways Minister Ashwini Vaishnaw on Wednesday. The budget allocations to Telangana have been witnessing sustained increase with the current year’s allocation being almost six …

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety
8 months ago

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

The Hindu  

The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget documents. The total outlay provided for capital expenditure includes ₹2.52 lakh crore from general revenues, ₹200 crore from Nirbhaya Fund, ₹3,000 crore from internal resources …

Railway Budget 2024: Key investments to propel Indian Railways' infrastructure forward
8 months ago

Railway Budget 2024: Key investments to propel Indian Railways' infrastructure forward

India TV News  

As India aims to become the third-largest economy with a projected GDP of $5 trillion in the next three years, the Railway Budget 2024-25 is expected to play a pivotal role in infrastructure development. Key expectations include significant budgetary allocations, high-speed rail projects, safety upgrades, environmental sustainability, digital transformation, and modernisation of railway stations and coaches. Key budget expectations for …

Focus on infrastructure to propel state’s growth: Odisha Finance Minister
1 year, 1 month ago

Focus on infrastructure to propel state’s growth: Odisha Finance Minister

New Indian Express  

BHUBANESWAR : Finance Minister Bikram Keshari Arukha described the interim budget placed by him in the Assembly on Thursday as growth-oriented and meant for welfare of people. The finance minister has proposed Rs 6,194 crore for road development programme and Rs 100 crore for Biju Expressway. Chief Minister Naveen Patnaik had approved the Metro rail project for Bhubaneswar connecting Biju …

Interim budget: ₹300 crore allocated to fast-track Chandigarh-Baddi railway link
1 year, 1 month ago

Interim budget: ₹300 crore allocated to fast-track Chandigarh-Baddi railway link

Hindustan Times  

A sum of ₹300 crore was allocated to expedite the completion of the 33.23 km Chandigarh-Baddi railway line in the 2024-25 interim budget presented on Thursday. As part of the 2024-25 interim budget, Centre has also allocated ₹ 93.26 crore for the redevelopment of Chandigarh railway station. At least seven lakh people employed with the medical units have been waiting …

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal
1 year, 1 month ago

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal

Deccan Chronicle  

VIJAYAWADA: The total budgetary allocation for Railways in Andhra Pradesh for the 2024-25 fiscal is `9,138 crore, Railway Minister Ashwini Vaishnaw has said. He noted that the combined budget allocation for AP and Telangana regions during 2009-14 was only`886 crore, on average. South Central Railway general manager Arun Jain and other officials were present at the press meet at Rail …

Railway Budget 2024: Centre Allocates Rs 10,369 Crore For Infrastructure Projects In Northeast
1 year, 1 month ago

Railway Budget 2024: Centre Allocates Rs 10,369 Crore For Infrastructure Projects In Northeast

ABP News  

New Delhi: Railways Minister Ashwini Vaishnaw on Thursday said the gross budgetary allocation for railway infrastructure projects in the northeast for the financial year 2024-25 is Rs 10,369 crore, which is 388 per cent higher as compared to average budget allocation of Rs 2,122 crore during 2009-14. During an interaction with media persons from the northeast in the national capital …

Indian Railways likely to get boost in capital expenditure in upcoming Budget
1 year, 2 months ago

Indian Railways likely to get boost in capital expenditure in upcoming Budget

India Today  

The Indian Railways is likely to see a major surge in capital expenditure in the upcoming interim budget scheduled for February 1, according to a report by Business Today. The Interim Budget for the fiscal year 2024-25 is likely to allocate between Rs 2.8-3 lakh crore for the Railways, aiming to maintain the momentum of capital expenditure, in contrast to …

Railway budget 2024 to rise 25% to hit record levels
1 year, 2 months ago

Railway budget 2024 to rise 25% to hit record levels

Hindustan Times  

Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. “The government supported with an over 50% increase in gross budgetary support in 2023-24, and the expectation is that absolute support would touch …

₹1 lakh crore investment in new trains, says Rail Minister Ashwin Vaishnav
1 year, 3 months ago

₹1 lakh crore investment in new trains, says Rail Minister Ashwin Vaishnav

Live Mint  

The Indian Railways is looking to acquire new trains with a total investment of ₹1 lakh crore over the next few years, Union Railways Minister Ashwini Vaishnaw told The Economic Times. This will entail floating train procurement tenders worth around ₹1 lakh crore which will be honoured over the next 15 years by replacing the older rolling stock," Vaishnaw said. …

Defence, railway stocks surge after BJP’s state election victory
1 year, 3 months ago

Defence, railway stocks surge after BJP’s state election victory

Live Mint  

Amidst the massive victory of the Bharatiya Janata Party in the state election on Sunday, December 3, defence and railway stocks rallied on Monday's trading session. Railway stocks, Ircon International Ltd, Rail Vikas Nigam Ltd, Indian Railway Catering & Tourism Corporation Ltd, Ircon International Ltd, and BEML Ltd all saw a gain of 0.6% to 2% on Monday's session. The …

The Indian Railways’ revenue problem
1 year, 4 months ago

The Indian Railways’ revenue problem

The Hindu  

This is the first of a three-part series of articles on the Indian railways, its capital expenditure and freight business. The IR’s spending on repayment of principal and interest is pegged at ₹22,229 crore and ₹23,782 crore respectively, which together make it 17% of revenue receipts, a sharp rise from less than 10% till 2015-16. The annual growth in freight …

Budget 2023 | Railways gets outlay of ₹2.4 lakh crore
2 years, 1 month ago

Budget 2023 | Railways gets outlay of ₹2.4 lakh crore

The Hindu  

With an outlay of ₹2.40 lakh crore for the financial year 2023-24 compared to ₹1.40 lakh crore in the FY22-23, Finance Minister Nirmala Sitharaman said that the outlay for the railways is nine times the amount provided in 2013-2014. “The current outlay will be beneficial for 800 crore passengers who annually travel by railways,” Mr. Vaishnaw said. The higher outlay, …

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget
2 years, 1 month ago

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

Firstpost  

Budget papers showed that the net revenue expenditure of the railways is placed at Rs 2,65,000 crore in the Budget Estimate 2023-24 as against Rs 2,42,892.77 crore in Revised Estimate 2022-23 New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said …

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
2 years, 1 month ago

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay

The Hindu  

Announcing its last full budget before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. Here are the key highlights from today budget speech: Major announcements: > Finance Minister Nirmala Sitharaman upped the rebate limit for paying income taxes …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
2 years, 1 month ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre will focus on economic growth and job creation and cut down the fiscal deficit, Union finance minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

Budget 2023: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay
2 years, 1 month ago

Budget 2023: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay

Hindustan Times  

Finance minister Nirmala Sitharaman has announced the biggest-ever push for Indian Railways with a capital outlay of ₹2.40 lakh crore. The Indian Railways capital outlay has been set at 2.40 lakh crore. "The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9x of what was in 2013," Sitharaman said in her Budget speech on February …

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay
2 years, 1 month ago

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay

Op India  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 2.40 lakh crore of capital outlay for the development of Indian Railways. “The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9 times of what was in 2013,” the Finance Minister was quoted on February 1. According to the reports, the allocation of Rs 2.40 lakh crores …

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
2 years, 1 month ago

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth …

Railway Budget 2023: Railway Ministry Allocated Rs 2.40 Lakh Crore In Budget
2 years, 1 month ago

Railway Budget 2023: Railway Ministry Allocated Rs 2.40 Lakh Crore In Budget

ABP News  

New Delhi: The Railway Ministry has been allocated 2.40 lakh crore in the Union Budget on Wednesday. Shares of railway-related companies, including Rail Vikas Nigam Ltd and IRCON International, witnessed an up-trend on Wednesday, ahead of the Union Budget presentation in Parliament. Last year, the Railway Ministry was allocated Rs 140367.13 crore in the Union Budget. Nirmala Sitharaman arrived in …

No change likely in rail fares, freight rates for 9th straight year
2 years, 3 months ago

No change likely in rail fares, freight rates for 9th straight year

Live Mint  

The Union budget proposals for the Indian Railways may keep passenger fares and freight rates unchanged for the ninth straight year, offering relief to customers grappling with rising prices, two people aware of the development said. The numbers behind India’s airport chaos Burmans may offload part of their stake in Dabur IT investors find little comfort in Accenture results Why …

Railway ministry drops proposal for monetisation of stations on public-private partnership mode
2 years, 3 months ago

Railway ministry drops proposal for monetisation of stations on public-private partnership mode

India TV News  

The ministry of railways has dropped its proposal for monetisation of stations in a public-private partnership mode, and projects are now being taken up under engineering, procurement and construction mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite the monetisation of other assets, including trains, good sheds, hill rail, stadiums, …

No plans to privatise Indian Railways, says Centre
3 years ago

No plans to privatise Indian Railways, says Centre

Firstpost  

The Railways will continue to fulfil social obligations, the Railway Minister Ashwini Vaishnaw said, adding that Rs 60,000 crore subsidy is provided on passenger fares New Delhi: Railway Minister Ashwini Vaishnaw on Wednesday said the government has no plans to privatise the Indian Railways and opposition parties’ contention in this regard is hypothetical. Replying to a discussion on demands for …

Union Budget 2022 | Record allocation of ₹1.37 lakh crore for Railways
3 years, 1 month ago

Union Budget 2022 | Record allocation of ₹1.37 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹1.37 lakh crore for the Railways, with a capital expenditure outlay of over ₹2.45 lakh crore for the upcoming financial year. Finance Minister Nirmala Sitharaman on Tuesday also announced that 2,000 km network will be brought under Kavach — an indigenous technology developed for safety, in 2022-23, and 400 new-generation …

Is Railways on track to draw private capital?
3 years, 1 month ago

Is Railways on track to draw private capital?

Live Mint  

NEW DELHI : Back in July 2020, for the first time in its 169-year history, the Indian Railways offered 109 routes to private players to operate trains on. The share of capital expenditure in Railways’ total expenditure has increased from 28% in 2014-15 to 53% in 2020-21. Meanwhile, what the Railways calls ‘extra budgetary resources’ have increased 10-fold, from about …

Railway projects in AP derail as state govt struggles to meet its share
3 years, 5 months ago

Railway projects in AP derail as state govt struggles to meet its share

Deccan Chronicle  

Amaravati: The bankrupt Andhra Pradesh government has expressed unwillingness to honour the cost-sharing agreement with the Indian Railways, leading to the derailment of several major rail projects in the state. The state government has to spend at least Rs 4,000 crore from its coffers to put the railway projects back on track but, given its precarious financial position, that looks …

Railways Re-evaluating Rs 30,000 Crore Private Trains' Tender After Negligible Interest from Private Companies
3 years, 7 months ago

Railways Re-evaluating Rs 30,000 Crore Private Trains' Tender After Negligible Interest from Private Companies

News 18  

The railways is reevaluating the ongoing bidding process for the Rs 30,000 crore private passenger trains after it failed to receive any interest from private players for its tender floated last year for the operation of such trains in 12 clusters, senior officials confirmed on Wednesday. It was in July last year that the Ministry of Railways rolled out bids …

Will Indian Railways be privatised? Here's what Piyush Goyal said in Lok Sabha
4 years ago

Will Indian Railways be privatised? Here's what Piyush Goyal said in Lok Sabha

India TV News  

Railways Minister Piyush Goyal on Tuesday asserted that Indian Railways will never be privatised but said private investment should be encouraged for more efficient functioning. Replying to a discussion on Demands for Grants for Railways in the Lok Sabha, Goyal said there has been no death of any passenger in rail accidents in past two years and the railways has …

Railways: Withdraw decision to allow private players, say Left parties
4 years, 8 months ago

Railways: Withdraw decision to allow private players, say Left parties

The Hindu  

The Left parties strongly condemned the Union Railway Ministry’s decision to allow private players to operate passenger train services on over 100 routes. “Contrary to the claim that this will boost job generation, past experience has shown that it results in a huge job loss creating insecurity for crores of employees of the Railways,” the Polit Bureau statement said. The …

No plan to privatise Indian Railways as it belongs to people: Piyush Goyal in Rajya Sabha
5 years ago

No plan to privatise Indian Railways as it belongs to people: Piyush Goyal in Rajya Sabha

Live Mint  

There is no plan to privatise Indian Railways as it belongs to the people of the country, Railways Minister Piyush Goyal asserted in Rajya Sabha on Tuesday after some members raised concerns over it. Indian Railways belongs to the people of this country, it will remain so," Goyal said. Goyal said the government was committed to making Indian Railways world …

Indian Railways: How private players lining up to run trains is real reform
5 years, 1 month ago

Indian Railways: How private players lining up to run trains is real reform

Op India  

Twenty years ago, air travel was a distant dream for most Indians. We had Indian Airlines and Air India, both creaky government monopolies, run from equally creaky government-run airports. Read: Congress lies about Budget 2020, claims Modi Govt has reduced funds for Indian Railways: Here are the facts Smaller airports are buzzing too. Tata, Adani and Hyundai queue up to …

Budget 2020 | Green signal for more private trains
5 years, 1 month ago

Budget 2020 | Green signal for more private trains

The Hindu  

Union Finance Minister Nirmala Sitharaman on Saturday proposed a budgetary allocation of ₹70,000 crore for the Indian Railways, with overall capital expenditure of ₹1.61 lakh crore for the next financial year in the Union Budget. While the capital expenditure for 2020-21 saw an increase of a mere 3% from ₹1.56 lakh crore for 2019-20, the Budget promises increased investment for …

Railway Budget 2020: Solar Panels along tracks, Bengaluru Suburban Rail
5 years, 1 month ago

Railway Budget 2020: Solar Panels along tracks, Bengaluru Suburban Rail

Op India  

Union Minister Nirmala Sitharaman presented Budget 2020, her second as FM, on Saturday. Until 2016, the Railway budget was presented by the Minister of Railways but that was ended by the Modi government and Suresh Prabhu became the last Railway Minister to present the Railway Budget in 2016. Since then, the Railway Budget has been presented as part of the …

Train journey to cost more, Railways likely to hike fares
5 years, 2 months ago

Train journey to cost more, Railways likely to hike fares

India TV News  

Railway travel is likely to get costlier as Indian Railways are planning to increase prices of tickets this week. According to the reports reported in media, Indian Railways' freight revenue fell by Rs 19,412 crore between April and October this year. Indian Railways have not gone for a passenger fare hike in the past few years. It has been proposed …

Salary, social obligations take away big funds of Railways: Piyush Goyal
5 years, 3 months ago

Salary, social obligations take away big funds of Railways: Piyush Goyal

India Today  

Union Railway Minister Piyush Goyal on Wednesday responded on Comptroller and Auditor General of India report which stated operational losses of Indian Railways increasing manifold. Railways have been spending an additional Rs 22,000 crore on salaries and pensions of its employees following implementation of the 7th Pay Commission recommendations, which has hit its financial health, Railway Minister Piyush Goyal said …

You may soon be able to give up train ticket subsidy like LPG, Indian Railways sends proposal to PMO
5 years, 8 months ago

You may soon be able to give up train ticket subsidy like LPG, Indian Railways sends proposal to PMO

India TV News  

With an eye on increasing revenue, Indian Railways has finalised a proposal to offer passengers an option to voluntarily give up subsidy on train tickets. "The railways has submitted a 100-day plan to the Prime Minister's Office to increase the earnings," said a senior official of Indian Railways. Railway officials said that the fresh idea was to urge passengers to …

Budget's stress on PPP, planned investment in railways hailed
5 years, 8 months ago

Budget's stress on PPP, planned investment in railways hailed

India TV News  

Finance Minister Nirmala Sitharaman's stress for public private partnerships to unleash faster development in the Indian Railways and the national transporter's need for Rs 50 lakh crore investment from 2018 to 2030 in her maiden Budget has evoked a positive reaction from stake-holders. "The network of railways increased only 26 per cent since Independence while the network of the roads …

Railways gets Rs 65,837 crore budgetary support, Rs 1.60 lakh cr capex outlay
5 years, 8 months ago

Railways gets Rs 65,837 crore budgetary support, Rs 1.60 lakh cr capex outlay

India TV News  

Railways has got a budgetary allocation of Rs 65,837 crore and the highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore from Union Finance Minister Nirmala Sitharaman in her Budget. Last year, the outlay for the railways was Rs 1.48 lakh crore while the Budget allocation was Rs 55,088 crore. However, what will remain the Railways' major …

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