Sensex down 770 points as budget disappoints (Second Lead)July 6th, 2009 MUMBAI - Investors in Indian equity markets were disappointed with the 2009-10 budget, resulting in a key index plummeting by more than 700 points even as Finance Minister Pranab Mukherjee was presenting the document. Soon after 2 p.m., the benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,962.12 points, fell 770.69 points or 5.17 percent to 14,196.01 points.
Commuters welcome Mamata's Railway budgetJuly 4th, 2009 MUMBAI/KOLKATA - Commuters in Mumbai, by and large, have welcomed this year's Railway Budget, which Railway Minister Mamata Banerjee tabled in Parliament on Friday. Most of Mamata's 13.6 million local train commuters described the budget provisions from travel as satisfactory.
Mamata's rail budget makes common man smileJuly 3rd, 2009 NEW DELHI - The man on the street appeared happy with Railways Minister Mamata Banerjee Friday and also a trifle relieved that she had not announced a fare hike in her rail budget. Raju, 28-year-old daily wage labourer, was all praise for her new scheme that makes a monthly season ticket of Rs.25 available for travel up to 100 km for those in the unorganized sector with monthly incomes not exceeding Rs.1,500.
Mamata Banerjee set to present rail budgetJuly 3rd, 2009 NEW DELHI - Railway Minister Mamata Banerjee arrived in parliament house Friday morning to present her ministry's budget for this fiscal, promising to address the demands of the average passenger. "My budget will be of the people, by the people and for the people," Banerjee told reporters before leaving for parliament house to present the railway budget in Lok Sabha, the lower house.
Mamata's rail budget disappointing: DhumalJuly 3rd, 2009 SHIMLA - Himachal Pradesh Chief Minister Prem Kumar Dhumal Friday said that it was not fair on the part of the central government to ignore the interests of the people of the hill state in the railway budget. "It's unfortunate on the part of the central government to ignore the interests of the hill state in the railway budget," he said in an official statement.
Lalu says Mamata suffers from complexJuly 3rd, 2009 NEW DELHI - Accusing Railway Minister Mamata Banerjee on doing nothing new in the rail budget, Rashtriya Janata Dal chief Lalu Prasad on Friday said that she had used his achievements in the ministry to build her case. "Is this a budget? She has just read out what I had announced during my stint...She suffers from a complex," he said.
What is there for the common man in the rail budgetJuly 3rd, 2009 NEW DELHI - It has been dubbed a populist budget by critics but the rail budget presented Friday by Railways Minister Mamata Banerjee has enough goodies targeted at the ordinary rail traveller:
- No increase in fares
- New 'izzat' scheme for poor to travel up to 100 km for Rs.25
- Low-cost, air-conditioned 'yuva trains' for youth at Rs.299-Rs.399
- New scheme for good quality food at affordable prices
- Special Trains to ferry perishable farm produce, rural craft
- Promise of clean toilets, potable water at stations, trains
- Tatkal scheme made more passenger-friendly, service charge cut to Rs.100
- New scheme for poor passengers to travel with 'dignity'
- A doctor at your service in every long-distance train
- 50 stations to be upgraded into world class facilities
- 12 new non-stop trains between key stations
Trinamool workers cheer Mamatas railway budgetJuly 3rd, 2009 KOLKATA - "Its a budget for maa, mati, manush (mother, motherland and people)," is how a jubliant Trinamool Congress worker described party chief and Railways Minister Mamata Banerjee's rail budget presented Friday. Trinamool workers in West Bengal cheered the budget and said it will lead the party to victory in the next assembly polls.
Dhumal seeks funds for rail network expansion in HimachalJune 22nd, 2009 SHIMLA - Himachal Pradesh Chief Minister Prem Kumar Dhumal has requested the central government to take steps to expand the railway network in the hill state. In a letter to Railway Minister Mamta Banerjee, Dhumal asked the railways to make provisions in its budget for 2009-10 for the construction of Bhanupalli-Bilaspur-Beri, Ghanauli-Baddi, Nangal-Talwara and Bilaspur-Manali-Leh rail lines.
Interim rail budget has let down Chhattisgarh: Raman SinghFebruary 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.
Kolkata's businessmen not happy with interim rail budgetFebruary 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.
Mumbai commuters give thumbs down to railway budgetFebruary 12th, 2009 MUMBAI - Mumbai citizens have given a thumbs down to Railways Minister Lalu Prasad's budget presented in parliament Friday as they feel there is nothing specific for suburban commuters for whom the railways is a lifeline. 'What is being done to reduce the rush in the trains, the congestion outside all the suburban railway stations, women's security and cleanliness?' demanded a student Riddhi Shah.
Rail budget eyes polls, says BJP; Congress calls it developmentalFebruary 12th, 2009 NEW DELHI - The ruling Congress party Friday hailed the interim rail budget presented by Railway Minister Lalu Prasad as 'developmental' and 'pro-people' while the opposition Bharatiya Janata Party (BJP) said it was meant to lure voters in the upcoming general elections. 'We welcome the rail budget.
Lalu Prasad set to present interim rail budget with no fare hikesFebruary 12th, 2009 NEW DELHI - Minister for Railways Lalu Prasad is set to present to parliament the country's interim rail budget for the next fiscal Friday, with an assurance that he will not ignore people's welfare and that average citizens will be spared a fare hike. 'We cannot make many new programmes in this budget, but be assured the welfare of common people will be taken care of.
Lalu Prasad to present interim rail budget FridayFebruary 11th, 2009 NEW DELHI - Railways Minister Lalu Prasad is set to present the country's interim rail budget for the next fiscal in parliament Friday, with an expectation that he would once again spare the average citizen from fare hikes and introduce some new trains. The minister had presented all the five previous rail budgets for the United Progressive Alliance (UPA) government since 2004, during which he set a record of sorts in terms of generating revenues despite lowering fares.