New Delhi | February 28, 2013 20:43 (IST)
With the defence forces planning to finalise major deals such as the one for 126 Rafale combat aircraft, the government has earmarked more than Rs 33,000 crore for acquiring aircraft and aero-engines from the Rs 86,000 crore modernisation Budget for the forces.
New Delhi | February 27, 2013 17:06 (IST)
The government is planning to build five new dedicated freight corridors connecting cities in different parts of the country to enhance Railways' transportation capacity.
New Delhi | February 27, 2013 12:09 (IST)
Railway Minister Pawan Kumar Bansal on Wednesday ruled out rollback of the proposed hike in reservation charges in superfast trains.
New Delhi | February 26, 2013 21:15 (IST)
Railway passengers on-board will soon be able to get information about their travel besides having free access to Internet facilities.
New Delhi | February 26, 2013 20:33 (IST)
The railways will borrow Rs 15,103 crore from the market in 2013-14, marginally higher than Rs 15,000 crore borrowings in the current financial year. The estimated market borrowing would help the railways to finance its highest ever plan outlay of Rs 63,363 crore.
New Delhi | February 26, 2013 20:16 (IST)
Steel prices may go up by 5-8 per cent from April due to 5.8 per cent increase in rail freight charges on the movement of iron ore as well as finished steel.
New Delhi | February 26, 2013 20:09 (IST)
State-run Steel Authority of India (SAIL) on Tuesday said it will have to annually bear an additional cost of Rs 300 crore due to the hike in railway freight rates.
New Delhi | February 26, 2013 19:42 (IST)
Railways, a bulk consumer of energy, today proposed to set up a Railway Energy Management Company shortly to bring efficiency in energy consumption and help in power purchases. At present, Railways foots a bill of Rs 9000 crore in electric consumption.
Mumbai | February 26, 2013 19:20 (IST)
Analysts on Tuesday gave a mixed reaction to the railway budget, with some terming it as a "non-event" saying there were no radical measures to bridge the revenue deficit in the document, and a few calling it "pragmatic" given the limitations.
New Delhi | February 26, 2013 19:09 (IST)
Railway Minister Pawan Kumar Bansal on Tuesday said raising charges for services like tatkal booking, reservation and cancellation of tickets was an attempt to rein in touts and will not burden the common man.
New Delhi | February 26, 2013 18:54 (IST)
Share prices of companies that cater to the railway sector like Stone India, Kernex Microsystems and Kalindee Rail tanked by as much as 16 per cent in the absence of big ticket announcements in the Rail Budget today.
New Delhi | February 26, 2013 18:33 (IST)
Over 5 per cent increase in railway freight on all major commodities like foodgrains, petroleum products and fertiliser will fuel inflationary pressure, said economists.
Mumbai | February 26, 2013 17:25 (IST)
Welcoming the Rail Budget presented in Parliament on Tuesday by Railway Minister P K Bansal, India Inc termed it as "soft" and "balanced" in approach under the given economic conditions.
New Delhi | February 26, 2013 17:04 (IST)
An over 5 per cent increase in freight tariff due to imposition of fuel adjustment component (FAC) from April and a hike in supplementary charges on super fast trains will fetch the Railways an additional revenue of Rs 4,683 crores in the next fiscal year.
New Delhi | February 26, 2013 16:50 (IST)
The Railways targets a record Rs 1.46 lakh crore in revenues during the next fiscal year even as it is likely to miss the total resource mobilization of Rs 1.35 lakh crore set for 2012-13.
New Delhi | February 26, 2013 16:36 (IST)
The annual plan for Railways in financial year 2013-14 is proposed at Rs 63,363 crore, Railway Minister Pawan Kumar Bansal said on Tuesday while presenting the Railway Budget in Parliament.
New Delhi | February 26, 2013 15:55 (IST)
Rail Budget 2013: As many as 67 express trains and 26 passenger trains are being introduced this year, Railway Minister Pawan Kumar Bansal announced today.
New Delhi | February 26, 2013 15:44 (IST)
Railway Minister Pawan Kumar Bansal said that by the end of calendar year, Railways would put in place a next generation e-ticketing system which would bring about a "paradigm shift in internet rail ticketing".
New Delhi | February 26, 2013 15:22 (IST)
Railways today hiked freight rates for moving diesel and cooking fuels by almost 8 per cent, a move that may result in marginal hike in retail fuel prices.
New Delhi | February 26, 2013 15:21 (IST)
Prime Minister Manmohan Singh on Tuesday described the Railway Budget as "reformist" and "forward looking" and said it will help in meeting competing demands.