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Click here - Photo Gallery -  Railway Budget 2016 'We will surpass the target of 2500 km of railway track, next year target will be 2,800 km of new tracks' Read Full Article Over Here :  Business Standard News

For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour. Expectations of a turnaround in the railways' breadwinning freight business have not been met and higher salaries to staff will disrupt expenditure statistics. The finance ministry has made it clear any slackening in spending will be met by cuts in budgetary support. Also, the dip in crude oil prices that saved the railways Rs 5,000 crore in fuel cost is held by some to have eliminated the reason for a fare hike. And, high cargo haulage rates continue to drive customers to road transport. Read Full Article Over Here :  Business Standard News Read our full coverage on Railway Budget 2016 Live

For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour. Expectations of a turnaround in the railways' breadwinning freight business have not been met and higher salaries to staff will disrupt expenditure statistics. The finance ministry has made it clear any slackening in spending will be met by cuts in budgetary support. Also, the dip in crude oil prices that saved the railways Rs 5,000 crore in fuel cost is held by some to have eliminated the reason for a fare hike. And, high cargo haulage rates continue to drive customers to road transport. Read Full Article Over Here :  Business Standard News Read our full coverage on  Railway  Budget 2016

Chief Minister  Akhilesh Yadav   has urged Railway Minister  Suresh Prabhu   to include certain proposals related to Uttar Pradesh in  Rail Budget  2016-17. The chief minister in his letter to Prabhu has requested completion of broad line between Etawah-Mainpuri in the current fiscal and to make a provision in the forthcoming Railway Budget, an official spokesman said. Read Full Article Over Here :  Business Standard News Read our full coverage on  Union Budget 2016

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...

Indian Railways   is firming up a proposal to develop an  online fuel management  system, a first of its kind for the national transporter, to check pilferage and bring transparency in fuel consumption. Read our full coverage on  Railway Budget 2016 Railway Minister  Suresh Prabhu   is likely to announce the fuel management system in the Rail  Budget  2016-17 on February 25, indicating the expansion of Information and Communications  Technology  (ICT) basket in the public sector behemoth. Read Full Article Over Here :  Business Standard News Read our full coverage on  Union Budget 2016

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

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