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BUDGETARY SUPPORT FOR RAILWAYS
Railways uses 30% of capex budget in April-MayIndian Railways has impressively achieved nearly a third of its annual capital expenditure target in the first quarter, with over Rs 84,000...- Northeast’s rise under PM Modi is one of India’s biggest success stories: Sarbananda SonowalThe Northeast region of India has transformed into a major economic growth hub; significant investments in infrastructure, digital connecti...
- Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 croreThe Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in bu...
- After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
- IRFC gets Rs 6,300 crore as accounting norms changeIn the case of IRFC, since its business continues to grow year after year, the accretion of DTL is much greater than reversal.
- Railways to use Rs 73,000 crore on safety: Piyush GoyalGoyal also said that the railways will get a gross budgetary support of Rs 55,000 crore from the Finance Ministry.
- Railways may borrow record Rs 42,000 crore this yearThe amount, to be raised by the Indian Railways Finance Corporation (IRFC), is Rs 7,000 crore or a fifth more than the total borrowings of ...
- Indian Railways eyes big for next fiscal, plans Rs 1.46 lakh crore outlayThe next plan outlay will focus on electrification of 8,000km of rail tracks, and commissioning of 4,000km of new rail lines including doub...
- Railways not to seek more funds from Budget: Piyush Goyal"To my mind, there are many opportunities in the Railways to monetise assets within the Railways. So frankly, I will not be constrained for...
- Railways gets separate safety fund for network upgradationThe proposals suggested by the railways have all, more or less, been included and acted upon by the Finance Ministry, Railway Minister Sure...
- Railways may create Rs 6.7 lakh crore business opportunity in 5 years: CrisilThe business opportunities could be the largest compared to rest of the world except China and would be more than 2.5 times the capital exp...
- Indian Railways to set up $5 billion development fundFor the next financial year, Indian Railways has sought Rs 60,000 crore as gross budgetary support from the finance ministry and has drawn ...
- Railways seeks gross budgetary support of Rs 50,000 crore for FY'18However, the Finance Ministry for the current year had slashed it to Rs 28,000 crore, citing slow spending pace.
- Budget merger won’t affect railways’ autonomy: GovernmentCommittee looked into three issues of merger of rail budget with the general budget, doing away with plan and non-plan distinction and earl...
- Railways shows record high capital expenditure of Rs 94,000 crore in ’15-'16Prime Minister Narendra Modi is believed to have assured an enhanced Gross Budgetary Support of up to Rs 60,000 crore if it continues the t...
- Gross Budgetary Support for Railways slashedTill October, the railways was around 10 per cent short of its internal target for passenger and freight revenue as earnings were lower by ...
- Increase in budgetary support for railways a big positive: Samiran Chakraborty, Standard Chartered Bank"The vision statement gives us a sense that some of the best features of developed world's railways systems are going to be replicated in I...
- Parliamentary panel favours enhancing gross budgetary support to Railways"The committee, therefore, desires the Railway Ministry pursue the matter purposively with the FMin and state govts for such projects," it ...
- Rail Budget 2014: Assocham for Rs 40,000 crore budgetary support to RailwaysThe industry chamber said the financial assistance will enable transformation of the Indian Railways.
- Rail Budget 2013: Railways to get modest hike of Rs 2000 crore for next fiscalDespite the government’s effort to cut down spending and bring fiscal discipline, railways was expecting a better deal.
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