Cabinet approves merger of rail budget with general budget; advancement of budget presentation and merger of plan and non-plan classification in budget and accounts The Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to (i) the merger of Railway budget with the General budget, (ii) the advancement […]
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Rail Budget 2016
Rail Budget 2016-17 at a glance
Rail Budget 2016-17 at a glance (Rupees in crore) Description Revised 2015-16 Budget 2016-17 1. Gross Traffic Receipts 167834.00 184819.84 2. Miscellaneous Receipts […]
Highlights of Railway Budget 2016-17 in Questions and Answers Format (Q & A Format)
Highlights of Railway Budget 2016-17 in Questions and Answers Format (Q & A Format) For the Convenience, the Highlights of Railway Budget, 2016-17 have been complied in questions and answers format which is given below : – Rail Budget 2016-17 Q. What is the theme of this Budget? To Reorganise, Restructure and Rejuvenate Indian Railways. […]
NFIR Released Press Statement on Highly Disappointing Rail Budget
Press Statement – Highly disappointing Rail Budget The National Federation of Indian Railwaymen (NFIR) expresses its serious disappointrnent over the Rail Budget (2016-17) presented by Shri Suresh Prabhu, Railway Minister in the Parliament on 25* February 2016 According to the President and General SecretaryArlFlR Shri Guman Singh and Raghavaiah, the Rail Budget document is “towards journey for pivattzation […]
Rail Budget 2016: Suresh Prabhu highlights – Transform Indian Railways through “Mission Activities- Avataran”
NEW DELHI: Railway Minister Suresh Prabhu on Thursday spoke expensively of his plans to transform Indian Railways through seven “Mission activities – Avataran”. These missions, as highlighted in his Railway Budget speech, are: 1) Mission 25 Tonne – It aims to increase revenue by augmenting carrying capacity. To achieve this 10-20% freight loading will be […]
Rail Budget 2016 Key Announcements in Numbers
Rail Budget 2016 Key Announcements in Numbers Some of the numbers you need to know from Suresh Prabhu’s Rail Budget 2016: * Expect saving of Rs 8,720 this year * Operating ratio at 92% FY17 as against 90% in current year * Traffic revenue target at Rs Rs 1.85 lakh crore * Capital plan of […]
Rail Budget 2016 Updates
Rail Budget 2016 Highlights Railway Minister Suresh Prabhu presents “Rail Budget 2016” in Lok Sabha. 1:13 pm: Suresh Prabhu concludes his rail budget speech. 1:15 pm: No hike in railway fares. 1:10 pm: The companies owned by Railways to come under a holding company. 1:09 pm: Two dedicated freight corridors by 2019. 1:07 pm: I’m […]
Rail stocks see mixed trend ahead of Budget
Rail stocks see mixed trend ahead of Budget Rail stocks witnessed a mixed trend in an overall sluggish broader market ahead of the Rail Budget to be announced later in the day. Stone India went up 5.51 per cent and Titagarh Wagons gained 2.62 per cent on BSE. In contrast, shares of Hind Rectifiers plunged […]
Rail Budget 2016: 10 Numbers to Know Ahead of Suresh Prabhu’s Speech
Rail Budget 2016: 10 Numbers to Know Ahead of Suresh Prabhu’s Speech Railway Minister Suresh Prabhu will present his second rail budget in a short while from now. Mr Prabhu is expected to outline concrete measures to bolster railways’ finance at a time when revenue collection is under stress, while demand for funds for modernization […]