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Fri, 25 February 2011
No increase in passenger rail fares
Timeline Refresh
13:56
In a populist move, Railway Minister Mamata Banerjee decided there will be no hike in passenger rail fares. This is for the 8th consecutive year that passenger fares have NOT been raised by the Railways.
13:36
Mumbai harbour line will have a fast lane, says the railway minister.
13:35
New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad route.
More new Durontos: Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai.
Working expenditure during FY12 estimated at Rs 87,000 crore.
13:34
Wagon procurement target at 18,000 in FY-12.
13:34
Mumbai suburban system's EMU coaches to be increased from 9 to 12.
13:32 More tains, facilities announced
1. 47 additional services on Mumbai suburban section. 2. Railways will introduce 56 new trains in FY-12, says Railway Minister Mamata Banerjee. 3. Ten-year backlog of 1.75 lakh (175,000) jobs is being addressed, says Banerjee. 4. Railways will start to start Kabi Guru Express on the 150th birth anniversary of Rabindrnath Tagore. 5. Concession to senior male citizens raised to 40 per cent from 30 per cent. 6. Physically challenged can enjoy concession in Rajdhani, Shatabdi. 7. Nine additional services for Chennai suburban service.
13:28 Some Duronto trains
New Duronto trains to be introduced on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Madurai-Chennai, Chennai- Thiruvananthapuram and Mumbai Central-New Delhi routes.
13:27
Railways to raise Rs 10,000 crore via tax free bonds. Annual plan at FY12 at Rs 57,630 crore. Market borrowring at Rs20,594 crore. Doubling spend to gauge conversion at Rs 2,470 crore Gross budgetary support at Rs 20,000 crore
13:26
Proposed to strengthen suburban system in Hyderabad. Work on wagon factory in Orissa to begin after land is acquired.
13:24
Train to run to Bangladesh to showcase Indian culture.
13:23
Start of student special trains. Start of Rajrani Express.
13:22 More new trains
AC double-decker rail on Jaipur-Delhi and Ahmedabad-Mumbai. 9 new Duronto trains announced. 50 new services for suburbs in Kolkata. Need for efficient taxation of goods and services by GST. Improve convergence of social and financial inclusion schemes. To launch 3 new Shatabdi trains in FY 12.
13:21
50% concession for Journalists and their families upto two times in a year
13:18
Expenditure on gauge conversion to double. To start 40 new routes covering 1075 km.
13:17
Concession to be provided to the handicapped in Rajdhani and Satapdi Express.Proposed to strengthen suburban system in Hyderabad and many areas.Scholarship schemes for low income groups
13:15
Age for ticket concessions for Women Senior Citizensreduced from 60 years to 58 years. Mamata also announced 50% concession for all media persons with accreditation.
13:14
Freight traffic estimated at 993 mn tonnes in 2011-12. Railways proposes scholarship schemes for low income groups. 1,320 MW thermal plant in Agra and 1,300 MW plant in AP. Diesel locomotive at Manipur New industrial park at Bongaigaon & Nandigram Two more wagon units in JV mode in Kerala Imphal to be connected with rail network To set up new coach factory in Kolar.
13:11
Propose development of integrated suburban railway network in big metros like Mumbai, Kolkata, Chennai, says Mamata Banerjee.
13:11
Medical facilities to be provided to parents of railway staff. Special AC class with better facilities to be introduced. Will introduce trolleys at railway stations.
13:08
Propose development of integrated suburban railway network in big metros. Will introduce trolleys at railway stations
13:07
Uproar in Lok Sabha over Railway Minister's speech with members protesting that she was favouring her state West Bengal which will go to polls in a couple of months.
13:06
Steps taken to fill up recruitment backlog. Safety guaranteed scheme for railway employees. Railways to set up a sports cadre for deserving sportsmen.
13:06
Railway earnings set to exceed Rs 1 lakh cr (Rs 1 trillion) mark. Railways taking austerity measures to cut losses.
13:05
Online booking of tickets to be cheaper, says Mamata Banerjee. Restructuring of all cadres being undertaken in the Railways. Railways is passing through a rough phase. Expected operating ratio is 91:1
13:01
Enthused by the high number of medals in internationalsports competitions won by Railways, a Sports Cadre will be set up in the department.
13:01
Kolkata Metro to expand its network.
13:00
Indian Railways to hire 16,000 ex-servicemen by March end, says the railway minister. This is the first time that such a helping hand has been extended towards ex-servicemen, says Mamata.
12:58 Upgraded AC travel soon
Upgraded class of air-conditioned travel to be introduced shortly. All-India security helpline set up. Work on upgrading 442 stations to be completed by March 31. To adopt modern technology through centres of academic excellence. Will add 180 km of rail lines in 2011-12.
12:56 6th Pay Commission to blame
Railway Minister Mamata Banerjee said that the Railways was facing fund problems due to the Sixth Pay Commission recommendations. Rs 2,000 cr (Rs 20 billion) also lost owing to ban on export of iron ore.
12:54
Railway Minister Mamata Banerjee announces that frequency of 17 trains will be increased. Railways will also pay full dividend for 2009-10.
12:52
Saved Rs 300 crore (Rs 3 billion) by re-aligning rail tracks, says Mamata Banerjee. Set up two new passenger terminals in Kerala.
12:51
Multiple discipline training centres to be set up across the country.
12:47
Thanks to safety first priority; accident rate has come down, said Mamata. Providing 12,000 acres to East-West Freight Corridor. Pradhan Mantri Rail Vikas Yojna to be launched. Better accessibility of stations to physically challenged.
12:46
1,500 trains cancelled, 3,500 re-scheduled last year due to protests, other reasons, says Banerjee.
12:45 Accident rate down
Rail accident rate declines from 0.29 per cent last year to 0.17 per cent now. Anti-collision devices to be commissioned in three railway zones including South and South Central soon, says Banerjee.
12:41
Work on wagon factory in Orissa to begin after land is acquired, says Mamata.
12:40
At 1241 hrs: Sensex up 130 points, Nifty up 54 points
12:40
Anti-collision devices deployed in 8 zones to increase safety of passenger and avoid accidents, says the railway minister.
12:40
Railways will do away with all unmanned railway crossings in the fiscal year 2011-12, says Railway Minister Mamata Banerjee.
12:39
To spend Rs 9,583 crore (Rs 95.83 billion) on new lines in FY 12.
12:39
Anti collision devices to be commissioned in 3 zones.
12:38
To setup coach factory in Kolar via joint venture or Public-Private-Partnership (PPP).
12:38
Doubling expenditure on gauge conversion to Rs 2,470 crore (Rs 24.7 billion).
12:32
Proposal to set up metro coach factory near Singur in West Bengal, says Mamata. Track-machine industry to be set up in Uluberia in WestBengal, says the Railway Minister. A 700 MW gas based power plant to be set up at Thakurliin Maharashtra, says Mamata.
12:25
Railways to set up a bridge factory in J&K considering the need for large number of bridges on railway projects in the state, said Mamata.
12:24 Rae Bareli factory operational
First coach from the new rail factory at Rae Bareli to roll out in next three months, Mamata said presenting the 2011-12 Railway Budget.
12:22 More industries
To meet the demand for coaches, rail-based industries to be set up under Vision 2020, Railway Minister Mamata Banerjee said.
12:18 Fiscal deficit at 4.8% of GDP
Forex Reserves estimated at US$ 297.3 bn. Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year.
12:18 More highlights
Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike. Production of foodgrains estimated at 232.1 mn tonnes.
12:17 Economic Survery highlights
59% rise in Net Bank Credit. Social programme spending stepped up by 5 percentage points of GDP over past 5 years. 9.7% growth of GDP at market prices.
12:16 People what more trains, coaches
People what more trains, coaches, says Mamata Banerjee and thus in line with Railways' 2020 Vision, she will try to provide this keeping in mind the budgetary constraints of the Railways,
12:14 Begins with a couplet
Hum aah bhi bhartein hain toh ho jaate hain badnaam, Wo qatl bhi kartein hain to charcha nahin hota, says Railway Minister Mamata Banerjee, beginning her speech, stating that the Railways have been given a bad name despite the hard work of its employees.
12:10 What does she have in store?
The Railways are unlikely to carry out any major changes in passenger fares in the Rail Budget for the eighth year in succession.
12:07 Fundamentals strong
Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling
12:07 Rebound in agriculture
Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services
12:07 Highlights of the Economic Survey
Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal.
12:06 Pranab Mukherjee tables Economic Survey
Finance Minister Pranab Mukherjee has tabled the Economic Survey 2010-11 in Lok Sabha.
12:02 Economic Survey presented
Meanwhile, Finance Minister Pranab Mukherjee has just presented theEconomic Survey for 2010-11 in the Lok Sabha.
12:00 Railway stocks shine ahead of Budget
Shares of railway and logistic stocks are in limelight on the bourses ahead of Budget. Stone India, Texmaco, Titagarh Wagons, Bharat Earth Movers Ltd (BEML), Kernex Micro Systems, Gateway Distripacks and Container Corporations are trading higher by 1-5%, while Kalindee Rail Nirman is trading flat on the Bombay Stock Exchange (BSE).
11:57 House adjourned for a few minutes
With pandemonium in the House over the issue of black money, the Lok Sabha has been adjourned for a short while. Mamata is likely to present the Railway Budget once proceedings begin. . .
11:53 Meals for passengers
The Rail Budget 2011-12, to be presented in Lok Sabha, in just a short while from now, could also find mention of mega base kitchens in the metros preparing 50,000 to 1 lakh (100,000) meals per day for the train passengers.
11:47 How Mamata's ambitions harmed Railways
And for those who want to find out how Mamata's agenda ruined the Railway's growth party, here's some masala.
11:43 Mamata may boost Freight Corridor work
Banerjee could also announce measures to step up work on the dedicated Rail Freight Corridors project which is lagging behind schedule, while the national transporter would continue to maintain the dynamic pricing policy in freight. The sources said the number 132 is being finalised for lodging complaints through SMS from anywhere in the country. Like the inquiry number 131, new number 132 will be an all-India service.
11:40 Goodies for West Bengal?
Rail Minister Mamata Banerjee, facing Assembly elections in West Bengal in two months, could announce a slew of projects for her state, including a rail link connecting the busy Howrah and Sealdah stations running through the densely populated central districts of Kolkata. Catering to the student community, she could also announce running of student special trains keeping in mind the travel requirement during examinations and trains with only bookings under Tatkal scheme. Read on . . .
11:38 No rail fare hike likely
The Railways are unlikely to carry out any major changes in passenger fares in the Rail Budget for the eighth year in succession. More than 100 new trains could be announced, including a dozen non-stop Durontos. Read on for more. . .
11:36 What do people expect from Mamata?
How do the common people rate Banerjee as the railway minister? Has she done any good to the railways or has she undone all the hard work of her predecessor Lalu Prasad. Find out. . .
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