Highlights of interim railway budget

July 9th, 2009 NEW DELHI - Union Railway Minister Mamata Banerjee is likely to reply to the general discussion on rail budget on Thursday in Lok Sabha. The Railway budget is still under discussion in both houses of parliament.

July 3rd, 2009 NEW DELHI - Union Railway Minister Mamata Banerjee has proposed an outlay of Rs.40,745 crore for 2009-2010, which is 2840 crore more than the allocation proposed in the interim budget. "Rs. 15, 675 crore will be deployed through internal resources and Rs.9, 170 crore from market borrowings.

July 3rd, 2009 NEW DELHI - Taking a dig at her predecessor Lalu Prasad, Railways Minister Mamata Banerjee Friday said the target set by him for the railways in the interim budget was "unrealistically high". "Based on the reviews, it is very clear that the unrealistically high targets set in the interim budget are not sustainable and warrant a mid course correction," Banerjee said while presenting her ministry's budget for the current fiscal in the Lok Sabha.

July 3rd, 2009 NEW DELHI - Railway Minister Mamata Banerjee has arrived in Parliament to present a "pro-people" budget today. Before arriving at Parliament, Mamata said, "It will be a pro-people budget, a simple budget, people's budget." She said that she only got 15 days to work on it, as the concerned officials were busy preparing it.

July 1st, 2009 NEW DELHI - Railway Minister Mamata Banerjee on Wednesday said that the railway budget would be a "pro-people" budget. "It will be a pro-people budget, a simple budget, people's budget," Banerjee said after an all-party meeting here.

February 15th, 2009 NEW DELHI - Following are the reactions from some prominent industrialists and economists to the interim budget presented by acting finance minister Pranab Mukherjee here Monday: Deepak Parekh, chairman, HDFC Bank: Not a disappointment, I did not expect anything in the interim budget. It was never meant to be a giveaway.

February 15th, 2009 NEW DELHI - Following are the highlights of the interim budget presented by Minister for External Affairs Pranab Mukherjee in the Lok Sabha Monday: * In past three years, India grew by average of over 9 percent * Per capita income expanded by 4.7 percent per annum * Fiscal deficit was brought down from 4.5 percent to 2.7 percent * Revenue deficit was cut from 3.6 percent to 1.1 percent * Exports increased 26.4 percent per annum * Foreign trade increased from 27.3 percent to 35.5 percent * Tax to gross domestic product ratio expanded by 9.2 to 12.5 percent * Agriculture grew by 3.7 percent per annum

February 12th, 2009 KOLKATA - The interim railway budget presented by Railways Minister Lalu Prasad in the Lok Sabha Friday could not match the expectations of the business community here, which is reeling under the impact of global economic slowdown. 'Though there are many positive proposals, there was no reduction in trade rates, which could have helped industry and trade in times of economic recession,' Sanjay Budhia, president of Indian Chamber of Commerce and Industry, told IANS.

February 12th, 2009 THIRUVANANTHAPURAM - Kerala chief minister V.S. Achuthanandan Friday said he is disappointed with the interim rail budget for 2009-10 presented by Railways Minister Lalu Prasad in parliament.

February 12th, 2009 NEW DELHI - Following are the highlights of the interim rail budget for next fiscal presented by Minister for Railways Lalu Prasad in Lok Sabha Friday: * Feasibility studies progressing well to start 'bullet trains' in India * Railways will create record surplus of Rs.900 billion (Rs.90,000 crore) this fiscal * In past five years, no burden imposed on train passengers * Railways saw 14 percent rise in passenger income * Railways managed 8 percent growth in freight loading * Drop in train accidents, railway safety enhanced * Rs.700 billion (Rs.70,000 crore) surplus ploughed back to improve efficiency * Rs.367.73 billion (Rs.36,773 crore) spent this fiscal toward productivity, passenger facilities * Railways to introduce wagons with higher capacity * Railways to spend Rs.230 billion (Rs.23,000 crore) in 2009-10 * Work has started on Delhi-Mumbai dedicated freight corridor

February 12th, 2009 RAIPUR - The interim railway budget presented Friday by Railways Minister Lalu Prasad has let down expectations of Chhattisgarh despite the fact that the state generates high revenue for the railways, Chief minister Raman Singh said here. 'The interim rail budget is disappointing, it has let down expectations of millions of people of Chhattisgarh,' said Singh in his reaction to the interim budget.

February 12th, 2009 BHUBANESWAR - Orissa has been neglected in interim railway budget presented by Railways Minister Lalu Prasad in Parliament Friday, Orissa Chief Minister Naveen Patnaik said here. 'I am disappointed as Orissa has been neglected,' Patnaik told reporters here, adding that only one new express train was proposed to be introduced in the state in 2009-2010.

February 12th, 2009 NEW DELHI - Following are the highlights of the interim rail budget for next fiscal presented by Railway Minister Lalu Prasad in Lok Sabha Friday: * Two percent reduction in fares for virtually all classes * Feasibility studies progressing well to start 'bullet trains' in India * Railways will create record surplus of Rs.900 billion (Rs.90,000 crore) this fiscal * In past five years, no burden imposed on train passengers * Railways saw 14 percent rise in passenger income * Railways managed 8 percent growth in freight loading in five years * But freight down in current year due to economic downturn * Drop in train accidents, railway safety enhanced * Rs.700 billion (Rs.70,000 crore) surplus ploughed back to improve efficiency * Rs.367.73 billion (Rs.36,773 crore) spent this fiscal toward productivity, passenger facilities * Railways to introduce wagons with higher capacity * Railways to spend Rs.230 billion (Rs.23,000 crore) in 2009-10 * Work has started on Delhi-Mumbai dedicated freight corridor * Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month * Kolkata Metro will be expanded * Frequencies of a host of trains enhanced * Frequencies of several trains across the country increased to daily service * Steps to have railway connectivity to Kashmir initiated * Railways have set up four call centres

February 12th, 2009 BHOPAL - The interim railway budget presented Friday is disappointing for Madhya Pradesh, Chief Minister Shivraj Singh Chouhan said. 'The proposals like plying a daily Habibganj-Kurla train, running daily train between Bhopal and Lucknow, making the Puri-Jaipur Express bi-weekly, extending the Shatabdi to Indore, starting a third Bina-Itarsi line and adding a coach from Bhopal to the Jabalpur Mumbai-Garib Rath have not been implemented,' he said in a statement.

February 12th, 2009 NEW DELHI - Following are the highlights of the interim rail budget for next fiscal presented by Railway Minister Lalu Prasad in Lok Sabha Friday: * Two percent reduction in fares for virtually all classes * Feasibility studies progressing well to start 'bullet trains' in India * Plan outlay for 2009-10 kept at Rs.379.05 billion (Rs.37,905 crore) * Railways will create record surplus of Rs.900 billion (Rs.90,000 crore) this fiscal * Rs.700 billion (Rs.70,000 crore) surplus ploughed back to improve efficiency * In past five years, no burden imposed on train passengers * Railways saw 14 percent rise in passenger income * Railways managed 8 percent growth in freight loading in five years * But freight down in current year due to economic downturn * Revised freight earnings for this fiscal to Rs.542.93 billion (Rs.54,293 crore) * Freight loading target retained at 850 million tonnes * Estimated freight earnings for next fiscal pegged at Rs.590.59 billion (Rs.59,059 crore) * Drop in train accidents, railway safety enhanced * Rs.367.73 billion (Rs.36,773 crore) spent this fiscal toward productivity, passenger facilities * Railways to introduce wagons with higher capacity * Railways to spend Rs.230 billion (Rs.23,000 crore) in 2009-10 * Work has started on Delhi-Mumbai dedicated freight corridor * Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month * Kolkata Metro will be expanded * 43 new train services to be started in 2009-10 * Frequencies of 14 trains enhanced * Frequencies of several trains across the country increased to daily service * Extension of 14 trains envisaged * Passenger volume likely to grow by around 7 percent over previous year * Steps to have railway connectivity to Kashmir initiated * Railways have set up four call centres