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Showing posts with the label Indian Rail Budget 2016

Don't chug off to rail-related stocks, say analysts

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Railway-related stocks have underperformed the market so far in 2016, with counters such as Hind Rectifiers, Kernex Microsystems, Stone India, and Titagarh Wagonss kidding 16-22 per cent. By comparison, benchmark indices — the S&P BSE Sensex and the Nifty 50  — have lost 10 per cent each during this period. Also Read:  A fortnight before Budget, little recovery in Railways' finances Read our full coverage on Union Budget 2016 Analysts say the  railway budget  on Friday assumes significance. It will be looked at for its potential to rejig the investment cycle and bring transformative change to transportation in India. Also Read:  4 more dedicated corridors for freight soon “In our talks with companies, most, including Concor, Gateway Distriparks, and Allcargo Logistics, are expecting the finance minister to announce measures for speedy implementation of the dedicated freight corridor, speedy implementation of the ongoing infrastructure proj...

Railways to tap auto and FMCG sectors in big way

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Facing a decline in loadings demand,  railways  is mulling various options including entering into untapped areas like  auto  and  FMCG  to increase freight revenue. Read our full coverage on  Railway Budget 2016 "The need of the hour is to enter new areas to expand the freight operation in a significant way," said a senior Railway Ministry official, adding, "The aim is to enter into untapped areas." Read Full Article Over Here :  Business Standard News Read our full coverage on Union   Budget  2016 ALSO READ:  Rail budget may hike passenger fares

Railway Budget 2016

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Reeling under the impact of gross budgetray support cut and falling revenue collection, Railways is firming up plans to to slash operational cost and working expenses considerably to meet its financial requirement. Read our full coverage on Railway Budget 2016 Expecting very little help from the exchequer to meet the additional expenditure due to implementation of  Seventh Pay Commission   recommendations, railways is in the process of undertaking a series of measures to raise the resources on its own as told by the Finance Ministry. Read Full Article Over Here :  Business Standard News Read our full coverage on Union   Budget  2016