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It's a weird, non-ambitious budget: Nitish Kumar

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February 26, 2013


15:08  Hike in freight cost to hit Northeast India:  Due to this move, prices of several commodities including Cement and Steal are likely to go up as transportation will become costlier.

Rake length increased from 9 cars to 12 cars for 80 services in Kolkata and 30 services in Chennai.
14:42  No other Rail Minister has unleashed such wrath: Mulayam :  While the UPA government was all praises for the Rail Budget presented by Pawan Kumar Bansal, the Opposition slammed it as an anti-BJP states Budget, with Gopinath Munde even going to the extent of calling it a "Rae Bareli budget".
"There is nothing for Gujarat, Maharashtra, Chhattisgarh and Bihar in the Budget," said the BJP.
Samajwadi Party chief Mulayam Singh Yadav called it "the worst and the most anti-people budget in many years".
Railway Budget 2013-14: Complete coverage
"I have no problems with Amethi-Rae Bareli getting anything, but why discriminate against other districts in the state. Not a single line in the Etawah, Mainpuri, Etah, Kannauj belt! They have been discriminatory. No other Rail Minister has unleashed such wrath on the floor of the House as this one."
14:21  New freight rates from April 1.
14:16  Bansal on green initiatives:  Railways to set up of Railway Energy Management Company (REMC) to harness potential of solar and wind energy.

Railways to set up 75 MW capacity windmill plants and energizing 1000 level crossings with solar power.

Railways to deploy new generation energy efficient electric locomotives and EMUs.

More usage of agro-based and recycled paper and ban use of plastic in catering.
14:13  At 1410 hours, the BSE is down 231 points at 19,099.97, and NSE is down 69 points at 5,785.30. #Discuss-Rail-Budget-2013
14:06  Indian Railways also joins Select Club running freight trains of more than 10000 tonne load.
14:05  It is a Rae Barelli Budget: Gopinath Munde
14:04  It is not a populist but a principled Budget: Salman Khurshid
14:03  There is nothing for Gujarat, Maharashtra, Chhattisgarh in the Rail Budget: BJP.
14:01  Mulayam Singh: It is the worst Rail Budget, and anti-people.
13:54  BJP slams Rail Budget:  Bharatiya Janat Party terms Rail budget as Rae Bareli budget; says NDA-ruled states ignored. #Discuss-Rail-Budget-2013

Measures initiated to deal with elephant related accidents: Bansal #Discuss-Rail-Budget-2013 #Discuss-Rail-Budget-2013

Provision of portable fire extinguishers in Guard-cum-Brake Vans, AC Coaches and Pantry Cars in all trains: Bansal #Discuss-Rail-Budget-2013 #Discuss-Rail-Budget-2013

Azadi Express to be introduced to travel to linked with freedom struggle #Discuss-Rail-Budget-2013
13:46  Markets sink deeper:  At 1345 hours, the BSE is down 219 points at 19,112.50, and NSE is down 66 points at 5,789.20. #Discuss-Rail-Budget-2013
13:39  Sensex nosedives:  Shares of Jet Airways today tanked more than 11 per cent amid investor concerns whether its stake sale deal with Abu Dhabi-based carrier Etihad would materialise.

According to media reports, fresh hurdles have come up in the Jet-Etihad deal. There were also reports that the UAE-based carrier was seeking to revise a proposed deal with the Indian carrier.

Jet shares opened weaker and lost further ground to touch a low of Rs 448.65 on the BSE, down 11.07 per cent from its last closing price.

On the National Stock Exchange as well, the stock opened at Rs 505.70 and touched intra-day low of Rs 448.40, down 11.25 per cent from its previous closing price.

Etihad has said the deal is being revised and might take some time to conclude. It is reported to be buying 24 per cent equity in Jet Airways for about Rs 1,800 crore.
13:30  27 passenger trains, 9 EMUs to be introduced. #Discuss-Rail-Budget-2013

Deregulation of diesel prices and hike in electricity tariff to result in a burden of Rs 5,100 crore in 2013-14. #Discuss-Rail-Budget-2013

500-km new lines to be completed in 2013-14. #Discuss-Rail-Budget-2013

Planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from PPP route. #Discuss-Rail-Budget-2013

Plan 500 kms of new rail lines in 2013-14: Bansal #Discuss-Rail-Budget-2013

One coach in trains to be equipped with facilities for differently-abled, says PK Bansal #Discuss-Rail-Budget-2013
13:28  Railway stocks under pressure, tank as much as 8%:  Share prices of companies that cater to the railway sector were under pressure and tanked as much as 8 per cent on the bourses as Railway Minister Pawan Kumar Bansal delivered his maiden Rail Budget in the Lok Sabha.

Kalindee Rail Nirman was the largest loser and dropped 8.10 per cent on the BSE, followed by Hind Rectifiers which dropped 6.71 per cent and Kernex Microsystems which fell by 6.42 per cent.

Among others, Stone India tanked 6.53 per cent, Titagarh Wagons was down 5.65 per cent, Texmaco Rail (down 4.87 per cent), Zicom Security (down 3.60 per cent) and BEML (down 2.17 per cent).

Meanwhile, the benchmark sensitive index Sensex was trading in the negative territory and was down 162.98 per cent at 19,168.71 points.

Commenting on the downtrend, market players said, these stocks are under pressure as concerns were rife as to whether there would be a fare hike.

They said there might be a fuel adjustment component to adjust for the recent diesel price revision.
13:23  Bansal's Rail Budget: Complete coverage
13:21  Railway revenues to show a balance of Rs 12,506 crore in 2013-14. #Discuss-Rail-Budget-2013

Planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from PPP route. #Discuss-Rail-Budget-2013

Diesel price hike added Rs 3,300 crore to fuel bill of Railways. #Discuss-Rail-Budget-2013

5 per cent average increase in freight. #Discuss-Rail-Budget-2013
13:20  Markets still down:  Dynamic fuel adjustment component to be introduced on freight rates from April one, that will result in less than
five per cent increase in rates. #Discuss-Rail-Budget-2013

An independent Rail Tariff Authority has been formalised. #Discuss-Rail-Budget-2013

At 1318 hours, the BSE is down 185 points at 19,146.56, and NSE is down 60 points at 5,794.90. #Discuss-Rail-Budget-2013
13:17  5.2 per cent growth in passenger traffic expected in 2013-14. #Discuss-Rail-Budget-2013

Railway hopes to end 2013-14 with a balance of Rs 12,506 crore. #Discuss-Rail-Budget-2013

Operating ratio expected to improve to 87.8 per cent in 2013-14 from 88.8 per cent in the current fiscal. #Discuss-Rail-Budget-2013
13:16  Railways to set up a Debt Service Fund. #Discuss-Rail-Budget-2013

Railways' freight loading traffic scaled down by 100 million tonnes from 1025 million tonnes because of economic
slowdown. #Discuss-Rail-Budget-2013

Freight earning to grow by 9 per cent to Rs 93,554 crore. #Discuss-Rail-Budget-2013

Freight target fixed at 1,047 MT for 2013-14, 40 MT over the current year. #Discuss-Rail-Budget-2013
13:15  Tatkal fee to be hiked:  Rs 3,000 crore loan from Finance Ministry re-paid with interest by Railways this financial year. #Discuss-Rail-Budget-2013
13:10  Will strive to work for a zero accident scenario: Bansal #Discuss-Rail-Budget-2013

Have to raise Rs 95000 cr in next 4 yrs; calls for paradigm shift in resource generation, says the Rail Minister #Discuss-Rail-Budget-2013

Overwhelmed by demands for new projects after I took over: Bansal #Discuss-Rail-Budget-2013

Resources generated has to be ploughed back: Bansal #Discuss-Rail-Budget-2013
13:09  Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular basis. #Discuss-Rail-Budget-2013

Operating ratio for FY 13 seen at 88.8%, says Railway minister. #Discuss-Rail-Budget-2013

New coach manufacturing and maintenance facilities to be set up in various places including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad and Pratapgarh. #Discuss-Rail-Budget-2013
13:08  To ban use of plastic catering, Bansal:  47,000 vacancies for weaker sections and physically challenged to be filled up soon. #Discuss-Rail-Budget-2013

Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular
basis. #Discuss-Rail-Budget-2013

Rail Min: Have identified 347 projects for committed funding. #Discuss-Rail-Budget-2013

To ban use of plastic catering, Bansal. #Discuss-Rail-Budget-2013
13:03  Railways to target Rs 1 lakhs crore of PPP projects in 12th Plan. #Discuss-Rail-Budget-2013

Smoke and fire detection system envisaged and fire extinguishers to be kept in guard vans. #Discuss-Rail-Budget-2013

Rs 4000 crore envisaged for Coal mine connectivity projects, says Railway minister. #Discuss-Rail-Budget-2013
13:02  Railways is aware of the problems of the IRCTC website, and will create a next generation e-ticketing system by end of this year, Bansal said. #Discuss-Rail-Budget-2013

Railways plans 75MW wind power generation. #Discuss-Rail-Budget-2013

Seek states cooperation to increase PPP projects. #Discuss-Rail-Budget-2013
13:02  Railway Energy Management Company to be set up to harness solar and wind energy. #Discuss-Rail-Budget-2013

Railways is aware of the problems of the IRCTC website, and will create a next generation e-ticketing system by end of this year, Bansal said. #Discuss-Rail-Budget-2013

Next generation e-ticketing system by end of this year. #Discuss-Rail-Budget-2013
12:59  Nifty slips below 5,800:  At 1257 hours, the BSE is down 161 points at 19,170.29, and NSE is down 52 points at 5,802.80. #Discuss-Rail-Budget-2013
12:58  Rs 9000 crore investments expected including Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines
connectivity. #Discuss-Rail-Budget-2013
12:56  Rail Budget: For all news and views, click here
12:55  In his maiden Budget speech, Railway Minister Pawan Kumar Bansal announced a slew of passenger-friendly measures such as free wi-fi on trains and bio-toilets. #Discuss-Rail-Budget-2013

While emphasising that Railways continues to operate in losses, Bansal said there is a need to make the organisation financially sustainable. #Discuss-Rail-Budget-2013
12:51  Common rail-bus ticket to be introduced for Katra-Vaishnodevi pilgrims. #Discuss-Rail-Budget-2013

New train Azadi Express to places linked with the freedom struggle to be introduced, fares to be concessional. #Discuss-Rail-Budget-2013

Railways set to enter 1 billion ton freight club of China, Russia and US. #Discuss-Rail-Budget-2013

Allocation of Rs 1,000 crore each made for railway land development authority and railway station development authority. #Discuss-Rail-Budget-2013
12:49  At 1247 hours, the BSE is down 195 points at 19,136.31, and NSE is down 64 points at 5,791.00 #Discuss-Rail-Budget-2013
12:48  Internet booking to be strengthened with next-generation e-ticketing system to eliminate delays. #Discuss-Rail-Budget-2013

40% of consequential accidents accounted for level crossing #Discuss-Rail-Budget-2013

No of passenger trains increased from 8897 in 2002 to 12335 in 2011-12 #Discuss-Rail-Budget-2013

11th Plan fell short of target to expand tracks #Discuss-Rail-Budget-2013
12:46  Railways will use Aadhar data base:   Special A/C coaches 'Anubhuti' to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience
with commensurate fare. #Discuss-Rail-Budget-2013

Railways will use Aadhar data base for bookings and validation of passengers. #Discuss-Rail-Budget-2013

SMS alert service being rolled out shortly to intimate passengers about reservation status. #Discuss-Rail-Budget-2013
12:42  No of passenger trains increased:  Identification of 104 stations for upgradation in places with more than one million population and of religious significance: Bansal. #Discuss-Rail-Budget-2013

Railways to set up six more Rail Neer bottling plants: Bansal. #Discuss-Rail-Budget-2013

Free wi-fi facility to be provided in select trains. #Discuss-Rail-Budget-2013

12th plan internal resource target of 1.6 times 11th plan a tall task #Discuss-Rail-Budget-2013

Steep increase in input costs can only be met by hike in freight rates: Bansal #Discuss-Rail-Budget-2013

To create another 8 of women RPF personnel for safety of women passengers #Discuss-Rail-Budget-2013

Have already created 4 cos of women RPF personnel for safety of women passengers #Discuss-Rail-Budget-2013
12:37  Markets extend losses:  At 1235 hours, the BSE is down 162 points at 19,170.09, and NSE is down 52 points at 5,803.40. #Discuss-Rail-Budget-2013
12:37  Rs one lakh crore to be raised from public-private partnership, Rs 1.05 lakh crore through internal resources in
the 12th Plan, says Railway Minister P K Bansal. #Discuss-Rail-Budget-2013

Elimination of 10,700 unmanned level crossings targeted during the Plan; no more new such crossings to be created. #Discuss-Rail-Budget-2013

Corporate Safety Plan to be prepared for ten-year period (2014-24). #Discuss-Rail-Budget-2013
12:35  12th Plan railway size to be Rs 5.19 lakh crore:  Losses to railways on account of passenger traffic likely to mount to Rs 24,600 crore in 2012-13 from Rs 22,500 crore in
2011-12. #Discuss-Rail-Budget-2013

12th Plan railway size to be Rs 5.19 lakh crore, with gross budgetary support of Rs 1.94 lakh crore. #Discuss-Rail-Budget-2013
12:27  Both BSE, NSE are trading in the negative:  At 1226 hours, the BSE is down 138 points at 19,193.68, and NSE is down 47 points at 5,807.45. #Discuss-Rail-Budget-2013
12:26  Many important projects not being funded on time:  Targets need to be much higher for railways: Pawan Kumar Bansal #Discuss-Rail-Budget-2013
12:20  Overwhelmed by demands for new projects after I took over: Bansal. #Discuss-Rail-Budget-2013
12:19  Markets trade cautiously:  At 1218 hours, the BSE is down 142 points at 19,189.67, and NSE is down 46 points at 5,809.10. #Discuss-Rail-Budget-2013
12:18  Railway losses are mounting, says Bansal. #Discuss-Rail-Budget-2013
12:18  There's always demand for more trains, says Bansal. #Discuss-Rail-Budget-2013
12:17  Howsoever high a flight may be, we must remain connected to the ground, says Bansal. #Discuss-Rail-Budget-2013
12:16  Railways must be financially stable: bansal
12:14  1st Rail Budget by a Congress minister in 17 yrs:  Pawan Kumar bansal starts his speech with the usual homage to Congress leaders. #Discuss-Rail-Budget-2013
12:11  At 1210 hours, the BSE is down 145 points at 19,187.02, and NSE is down 45 points at 5,809.95. #Discuss-Rail-Budget-2013
12:10  To check what the Rail Minister has to offer, please click here!
12:07  Expect a better Rail Budget 2013 than last year:  "We are far behind China, they already have high speed trains running at 350 km per hour. When can we have those things?" says A P Verma of Kalindee Rail Nirman. #Discuss-Rail-Budget-2013
12:04  High expectations from Pawan Kumar Bansal:  Safety should be the prime consideration and for that modernisation is necessary: Dinesh Trivedi, former Railways Minister. #Discuss-Rail-Budget-2013
12:02  Want to know people's reaction after I present the Rail Budget: Bansal. #Discuss-Rail-Budget-2013
12:01  Rail fare hikes should be justified by provision of facilities: Pawan Bansal's wife. #Discuss-Rail-Budget-2013
12:00  People demand better food, clean toilets, safety for passengers in trains. #Discuss-Rail-Budget-2013
11:59  At 1157 hours, the BSE  is down 124 points at 19,207.22, and NSE is down 39 points at 5,815.50. #Discuss-Rail-Budget-2013
11:55  Rail stocks still down:  Nifty in red; Kalindee falls 3% ahead of Rail Budget. #Discuss-Rail-Budget-2013
11:52  Railway stocks derail: Titagarh Wagons down 3%. #Discuss-Rail-Budget-2013
11:47  Lalu Prasad Yadav while going to the Parliament for the Railway budget, said he doe snot have much hope. #Discuss-Rail-Budget-2013
11:46  Lalu Prasad Yadav while going to the Parliament for the Railway budget, said he doe snot have much hope.#Discuss-Rail-Budget-2013
11:43  At 1143 hours, the BSE  is down 129 points at 19,203.18, and NSE is down 40 points at 5,814.70.
11:43  Will Mr Bansal hike fares? Click here for complete coverage
11:34  According to sources, passengers fares will be hiked again.
11:34  Railway Minister Pawan Kumar Bansal arrives at Parliament:  Railways to introduce 26 passenger trains
Railways may plan higher reservation and cancellation fee
11:16  What Mr Bansal may announce in the Budget:  Fuel adjustment component may be added to passenger fare
Passenger amenities cess may be introduced
More rail projects in UP, likely.
Separation of passenger, freight lines expected
10:58  What else to expect from the Rail Budget:  Safety and modernisation measures
Rise in freight rates
Speedier trains
Development of stations
Better cleanliness and hygiene
Separation of passenger and freight train lines
Developing a corporate culture
New tax on passenger amenities
Fuel cess on passenger fares
More projects for Uttar Pradesh
10:50  Rail related stocks extend losses ahead of budget:   According to Economic Times, with a railway fare hike having already been implemented, the Railway Budget 2013 may not hold too many surprises for the common man.
As ET points out, Railway Minister Pawan Kumar Bansal has already announced his intention to introduce 100 new trains, including AC-double deckers.
10:28  Stocks like, Kernex Microsystems, Zicom Electronic, Titagarh Wagons, Kalindee Rail, Bartronics India and BEML have been under pressure for the past few sessions as investors have minimal optimism from the Budget.
10:26  Railways related stocks extend losses ahead of budget:  Despite a 25 per cent revenue growth for Railways, this year, mainly supported by increase in freight rates,
Today's Railway Budget may be a lackluster one. Volume growth has only been 5 per cent.
10:23  Mrs Bansal says, fare hike is okay only if Railway gives better services.
10:22  Railway Minister Pawan Kumar Bansal is set to present his maiden Rail Budget on Tuesday.
While a hike in rail fare seems to be imminent, the Rail Minister is also likely to announce many new trains and safety and modernisation measures.
10:19  Pawan Kumar Bansal to present Rail Budget at 12:  1st Congress Rail minister in 17 years prepares to present the Budget.
Rail Budget: Fare hike likely; expect new trains, steps likely for women's safety.

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