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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

The Rs 90,000-crore Mumbai-Ahmedabad  Bullet Train  project has hit a hurdle as the Maharashtra government has categorically ruled out providing land in the tony commercial district of Bandra-Kurla Complex (BKC) for the proposed terminal. Instead, the government has asked the rail ministry to consider its own plots, currently vacant in Dadar, Kurla or Bandra terminus. Chief Minister Devendra Fadnavis in a recent communication to Railways Minister Suresh Prabhu has conveyed the government’s inability to spare land, citing that the state undertaking Mumbai Metropolitan Region Development Authority (MMRDA) does not have adequate land. Further, the chief minister said, it would be a loss-making proposition commercially and financially for MMRDA, as it depends on sale of land to raise finances for costly infrastructure in Mumbai and the extended Mumbai Metropolitan Region. MMRDA is the authority for planning and development of BKC, spread over 370 hectares. BITE THE BULLET ...

Enraged over a demolition drive that has been blamed for the death of a 6-month-old infant, Delhi Chief Minister Arvind Kejriwal today said he has sought a meeting with Railway Minister Suresh Prabhu over the issue. “Sought an appointment with Railway Minister, Sh Suresh Prabhu ji,” Kejriwal wrote on Twitter. A fresh confrontation raged between the  Arvind Kejriwal  Government and Centre over the death of the infant girl at a slum cluster at Shakurbasti Railway Colony that was demolished by Railways yesterday. The AAP government has ordered a magisterial inquiry into the demolition drive and death of the six-month girl though railways has said that the incident had “nothing to do with removal of encroachments”. Police had said prima facie the baby died due to suffocation after a heap of clothes fell on it when the parents were preparing to move out of the jhuggi and hence no case was registered. Yesterday, Kejriwal met Railway officials at his residence over the iss...