Friday, February 25, 2011

Union Railway Budget Minute by minute Updates

25 Feb 2011 Union Railway Budget  2011-2012 :

Minute by minute Updates

Third Railway Budget by Ms.Mamta Banarjee as a UPA minister.

Budget Updates :












01:44 PM RailBudget - No fare hike across the board



01:39 PM RailBudget - 3 new Shatabdis on Pune-Secunderabad, Jaipur- Agra and Ludhiana-Delhi routes

01:36 PM RailBudget - Targets excess of Rs 5260 cr in FY 12

01:36 PM RailBudget - Working expenditure during FY12 estimated at Rs 87,000 cr



01:35 PM RailBudget - New Durontos: Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai



01:35 PM RailBudget - New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad



01:34 PM RailBudget - Wagon procurement target at 18,000 in FY-12



01:34 PM RailBudget - Mumbai suburban system's EMU coaches to be increased from 9 to 12



01:33 PM RailBudget - 50 percent concession for mediapersons with families to be increased from once to twice a year



01:29 PM RailBudget - Physically challenged can enjoy concession in Rajdhani, Shatabdi



01:29 PM RailBudget - 47 additional services on Mumbai suburban section



01:28 PM RailBudget - Nine additional services for Chennai suburban service



01:28 PM RailBudget - Concession to senior male citizens raised to 40 per cent from 30 per cent



01:26 PM RailBudget - Ten-year backlog of 1.75 lakh jobs being addressed



01:25 PM RailBudget - 9 new Duronto trains to be launched



01:24 PM RailBudget - To introduce 56 new trains in FY-12



01:23 PM RailBudget - Train to run to Bangladesh to showcase Indian culture



01:23 PM RailBudget - To increase frequency of many Durontos



01:21 PM RailBudget - 2 new double decker train services to be launched



01:19 PM RailBudget - Expenditure on gauge conversion to double



01:18 PM RailBudget - To start 40 new routes covering 1075 km



01:17 PM RailBudget - Women to get benefits for senior citizens at age of 58



01:16 PM EcoSurvey - Need for efficient taxation of goods and services by GST



01:16 PM EcoSurvey - Improve convergence of social and financial inclusion schemes



01:15 PM EcoSurvey - Reform university and higher education



01:14 PM EcoSurvey - Meet resource gap in higher education through PPP



01:14 PM RailBudget - To launch 3 new Shatabdi trains in FY 12



01:13 PM EcoSurvey - Fundamentals strong with growing savings and investments



01:11 PM RailBudget - Minister appeals to stop rail roko agitations



01:11 PM EcoSurvey - FDI in multi brand retail worth considering



01:11 PM RailBudget - Freight traffic estimated at 993 million tonnes in 2011/12



01:10 PM RailBudget - Enthused by high number of medals in sports won by Railways



01:08 PM RailBudget - Scholarship schemes for low income groups



01:08 PM EcoSurvey - Policies needed to promote areas such as accounting, legal, tourism



01:06 PM RailBudget - Propose development of integrated suburban railway network in big metros



01:06 PM RailBudget - Will introduce trolleys at railway stations



01:05 PM RailBudget - Sixth pay commission added Rs 73,000 cr to staff expenses



01:05 PM RailBudget - Railways to set up a sports cadre for deserving sportsmen



01:04 PM RailBudget - Railway earnings set to exceed Rs 1 lakh cr mark



01:04 PM RailBudget - Steps taken to fill up recruitment backlog



01:04 PM RailBudget - Safety guaranteed scheme for railway employees



01:04 PM RailBudget - Railways taking austerity measures to cut losses



01:03 PM EcoSurvey - Critical to anchor expenditure reforms



01:03 PM EcoSurvey - Fiscal consolidation to ease pressure on monetary policy



01:02 PM RailBudget - Railways is passing through a rough phase



01:02 PM RailBudget - Expected operating ratio is 91:1



01:01 PM RailBudget - Restructuring of all cadres being undertaken in the Railways



01:00 PM RailBudget - Online booking of tickets to be cheaper



01:00 PM RailBudget - Kolkata Metro to expand its network



12:57 PM RailBudget - First coach from Rae Bareli factory in next three months



12:57 PM RailBudget - Work on upgrading 442 stations to be completed by March 31



12:57 PM RailBudget - To adopt modern technology through centres of academic excellence



12:57 PM RailBudget - All-India security helpline set up



12:56 PM RailBudget - Will add 180 km of rail lines in 2011-12



12:56 PM RailBudget - Upgraded class of air conditioned travel to be introduced shortly



12:55 PM RailBudget - Rs 2000 cr lost owing to ban on export of iron ore



12:55 PM RailBudget - Facing problems due to Sixth Pay Commission



12:54 PM RailBudget - Paid full dividend for 2009-10



12:54 PM RailBudget - Frequency of 17 trains to be increased



12:51 PM RailBudget - Multiple discipline training centers to be setup across country



12:51 PM RailBudget - 16,000 ex-servicemen to be inducted by Railways



12:49 PM RailBudget - 1,500 trains cancelled, 3,500 re-scheduled last year



12:48 PM RailBudget - Setup two new passenger terminals in Kerala



12:47 PM RailBudget - Saved Rs 300 crore by re-aligning rail tracks



12:45 PM RailBudget - Better accessibility of stations to physically challenged



12:45 PM RailBudget - Providing 12000 acres to east-west freight corridor



12:44 PM RailBudget - Multipurpose go India smart card to be launched



12:43 PM RailBudget - Pradhan Mantri Rail Vikas Yojna to be launched



12:42 PM EcoSurvey - Monsoons, crude oil pose risk to economic growth



12:41 PM Markets watch: Sensex up 130 points, Nifty up 54 points



12:41 PM RailBudget - Work on wagon factory in Orissa to begin after land is acquired



12:40 PM RailBudget - To do away with all unmanned railway crossings in FY-12



12:39 PM RailBudget - Anti collision devices deployed in 8 zones



12:39 PM EcoSurvey - Inflation outlook to be shaped by food price situation



12:38 PM RailBudget - Anti collision devices to be commissioned in 3 zones



12:38 PM RailBudget - To spend Rs 9583 crore on new lines in FY 12



12:37 PM EcoSurvey - Rising food inflation underlines need for larger investment in agriculture



12:37 PM RailBudget - To setup coach factory in Kolar via JV or PPP

12:36 PM EcoSurvey - Accelerated investment needed in infrastructure; growth laudable in telecom, services sectors



12:36 PM EcoSurvey - Industrial output grows by 8.6 per cent, manufacturing sector registers 9.1 per cent expansion, exports up by 29.5 per cent in April-December, 2010



12:34 PM RailBudget - Doubling expenditure on gauge conversion to Rs 2470 crore



12:33 PM RailBudget - To spend Rs 13,824 crore for buying rolling stock



12:34 PM RailBudget - IRFC to borrow Rs 10,000 crore via tax free bonds

12:32 PM RailBudget - Market borrowing for FY 12 seen at Rs 20,594 crore



12:32 PM EcoSurvey - Agriculture likely to grow at 5.4 per cent in 2010-11



12:31 PM RailBudget - Annual gross budgetary support at Rs 20,000 crore



12:31 PM RailBudget - Annual plan for FY 12 at Rs 57630 crore



12:30 PM RailBudget - To construct 10,000 shelters for people staying next to lines



12:30 PM RailBudget - To meet the demand for coaches, rail based industries to be set up under Vision 2020



12:29 PM RailBudget - First coach from the new rail factory at Rae Bareli to roll out in next three months



12:29 PM RailBudget - To set up two wagon units with private partners



12:28 PM RailBudget - To setup track machine unit in West Bengal

12:27 PM RailBudget - To construct 700 km rail track each year



12:26 PM RailBudget - Have received 85 proposals under PPP scheme



12:26 PM RailBudget - To setup 700 megawatt gas based power plant in Maharashtra



12:25 PM RailBudget - To setup rail industrial park in Nandigram



12:24 PM RailBudget - Have to depend on imports of rolling stocks, coaches

12:23 PM EcoSurvey - Critical to anchor expenditure reforms to achieve targeted fiscal deficit level

12:23 PM RailBudget - To set up railway software unit in Darjeeling



12:22 PM RailBudget - Have to depend on import of rolling stock, coaches



12:21 PM RailBudget - To set up diesel locomotive works in Manipur



12:21 PM RailBudget - To setup one metro coach factory in Singur



12:20 PM RailBudget - Railways to set up bridge factory in Jammu and Kashmir





12:18 PM EcoSurvey - Govt consdiering ways to revive closed urea units



12:18 PM EcoSurvey - May consider separate licences for basic, full banking services



12:17 PM RailBudget - Railways initiating business oriented policies



12:16 PM EcoSurvey: Agriculture likely to grow 5.4% in FY-11



12:16 PM EcoSurvey: Rise in corporate, service tax note worthy



12:15 PM Eco Survey: Manufacturing growth seen at 9.1% in FY-11



12:14 PM Eco Survey: Services growth for FY11 seen at 9.6%



12:14 PM Rail Minister's speech starts in Parliament



12:13 PM Agriculture likely to grow at 5.4% in FY11



12:13 PM Rise in corporate, service tax notreworthy



12:13 PM 5 8% rise in net credit to infra projects



12:13 PM Capital goods, consumer durables to be major growth drivers



12:13 PM RBI's forex market intervention unlikely to be inflationary



12:12 PM Slowdown in FDI partly offset FII investment



12:11 PM Investments, savings rate may rise in FY-12



12:11 PM Plan to raise diesel prices in a staggered manner



12:11 PM Govt to cap auto fuel prices if global oil prices surge



12:10 PM Slowdown in FDI partly offset by rise in FII flows



12:10 PM Current account deficit necessary for effective monetary policy



12:08 PM Need to keep all options open if forex flows hurt economy



12:08 PM Tackling inflation to be the centre stage of policy making



12:07 PM FY-11 revenue shortfall seen at 3.8% of GDP



12:07 PM Govt implementing a gradual exit from stimulus measures



12:07 PM Seeing fast, strong turnaround in the economy



12:07 PM Slowdown in industrial output is a cause of concern



12:07 PM FY-11 fiscal deficit seen at 4.8% of GDP



12:06 PM Inflation has re-emerged as a major economic concern



12:05 PM Global debt crisis may effect Indian growth prospects



12:05 PM Economy to revert to pre-crisis level in FY-12



12:04 PM Cutting fiscal deficit necessary for effective monetary policy



12:04 PM Inflation is clearly a dominant concern



12:04 PM FY11 Fiscal deficit seen at 4.8% of GDP



12:04 PM Higher global crude oil prices may impact FY12 growth



12:04 PM India's FY 12 GDP growth may exceed 9%



12:02 PM Investments, savings rate may rise in FY-12



01:44 PM RailBudget - No fare hike across the board



01:39 PM RailBudget - 3 new Shatabdis on Pune-Secunderabad, Jaipur- Agra and Ludhiana-Delhi routes

01:36 PM RailBudget - Targets excess of Rs 5260 cr in FY 12

01:36 PM RailBudget - Working expenditure during FY12 estimated at Rs 87,000 cr



01:35 PM RailBudget - New Durontos: Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai



01:35 PM RailBudget - New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad



01:34 PM RailBudget - Wagon procurement target at 18,000 in FY-12



01:34 PM RailBudget - Mumbai suburban system's EMU coaches to be increased from 9 to 12



01:33 PM RailBudget - 50 percent concession for mediapersons with families to be increased from once to twice a year



01:29 PM RailBudget - Physically challenged can enjoy concession in Rajdhani, Shatabdi



01:29 PM RailBudget - 47 additional services on Mumbai suburban section



01:28 PM RailBudget - Nine additional services for Chennai suburban service



01:28 PM RailBudget - Concession to senior male citizens raised to 40 per cent from 30 per cent



01:26 PM RailBudget - Ten-year backlog of 1.75 lakh jobs being addressed



01:25 PM RailBudget - 9 new Duronto trains to be launched



01:24 PM RailBudget - To introduce 56 new trains in FY-12



01:23 PM RailBudget - Train to run to Bangladesh to showcase Indian culture



01:23 PM RailBudget - To increase frequency of many Durontos



01:21 PM RailBudget - 2 new double decker train services to be launched



01:19 PM RailBudget - Expenditure on gauge conversion to double



01:18 PM RailBudget - To start 40 new routes covering 1075 km



01:17 PM RailBudget - Women to get benefits for senior citizens at age of 58



01:16 PM EcoSurvey - Need for efficient taxation of goods and services by GST



01:16 PM EcoSurvey - Improve convergence of social and financial inclusion schemes



01:15 PM EcoSurvey - Reform university and higher education



01:14 PM EcoSurvey - Meet resource gap in higher education through PPP



01:14 PM RailBudget - To launch 3 new Shatabdi trains in FY 12



01:13 PM EcoSurvey - Fundamentals strong with growing savings and investments



01:11 PM RailBudget - Minister appeals to stop rail roko agitations



01:11 PM EcoSurvey - FDI in multi brand retail worth considering



01:11 PM RailBudget - Freight traffic estimated at 993 million tonnes in 2011/12



01:10 PM RailBudget - Enthused by high number of medals in sports won by Railways



01:08 PM RailBudget - Scholarship schemes for low income groups



01:08 PM EcoSurvey - Policies needed to promote areas such as accounting, legal, tourism



01:06 PM RailBudget - Propose development of integrated suburban railway network in big metros



01:06 PM RailBudget - Will introduce trolleys at railway stations



01:05 PM RailBudget - Sixth pay commission added Rs 73,000 cr to staff expenses



01:05 PM RailBudget - Railways to set up a sports cadre for deserving sportsmen



01:04 PM RailBudget - Railway earnings set to exceed Rs 1 lakh cr mark



01:04 PM RailBudget - Steps taken to fill up recruitment backlog



01:04 PM RailBudget - Safety guaranteed scheme for railway employees



01:04 PM RailBudget - Railways taking austerity measures to cut losses



01:03 PM EcoSurvey - Critical to anchor expenditure reforms



01:03 PM EcoSurvey - Fiscal consolidation to ease pressure on monetary policy



01:02 PM RailBudget - Railways is passing through a rough phase



01:02 PM RailBudget - Expected operating ratio is 91:1



01:01 PM RailBudget - Restructuring of all cadres being undertaken in the Railways



01:00 PM RailBudget - Online booking of tickets to be cheaper



01:00 PM RailBudget - Kolkata Metro to expand its network



12:57 PM RailBudget - First coach from Rae Bareli factory in next three months



12:57 PM RailBudget - Work on upgrading 442 stations to be completed by March 31



12:57 PM RailBudget - To adopt modern technology through centres of academic excellence



12:57 PM RailBudget - All-India security helpline set up



12:56 PM RailBudget - Will add 180 km of rail lines in 2011-12



12:56 PM RailBudget - Upgraded class of air conditioned travel to be introduced shortly



12:55 PM RailBudget - Rs 2000 cr lost owing to ban on export of iron ore



12:55 PM RailBudget - Facing problems due to Sixth Pay Commission



12:54 PM RailBudget - Paid full dividend for 2009-10



12:54 PM RailBudget - Frequency of 17 trains to be increased



12:51 PM RailBudget - Multiple discipline training centers to be setup across country



12:51 PM RailBudget - 16,000 ex-servicemen to be inducted by Railways



12:49 PM RailBudget - 1,500 trains cancelled, 3,500 re-scheduled last year



12:48 PM RailBudget - Setup two new passenger terminals in Kerala



12:47 PM RailBudget - Saved Rs 300 crore by re-aligning rail tracks



12:45 PM RailBudget - Better accessibility of stations to physically challenged



12:45 PM RailBudget - Providing 12000 acres to east-west freight corridor



12:44 PM RailBudget - Multipurpose go India smart card to be launched



12:43 PM RailBudget - Pradhan Mantri Rail Vikas Yojna to be launched



12:42 PM EcoSurvey - Monsoons, crude oil pose risk to economic growth



12:41 PM Markets watch: Sensex up 130 points, Nifty up 54 points



12:41 PM RailBudget - Work on wagon factory in Orissa to begin after land is acquired



12:40 PM RailBudget - To do away with all unmanned railway crossings in FY-12



12:39 PM RailBudget - Anti collision devices deployed in 8 zones



12:39 PM EcoSurvey - Inflation outlook to be shaped by food price situation



12:38 PM RailBudget - Anti collision devices to be commissioned in 3 zones



12:38 PM RailBudget - To spend Rs 9583 crore on new lines in FY 12



12:37 PM EcoSurvey - Rising food inflation underlines need for larger investment in agriculture



12:37 PM RailBudget - To setup coach factory in Kolar via JV or PPP

12:36 PM EcoSurvey - Accelerated investment needed in infrastructure; growth laudable in telecom, services sectors



12:36 PM EcoSurvey - Industrial output grows by 8.6 per cent, manufacturing sector registers 9.1 per cent expansion, exports up by 29.5 per cent in April-December, 2010



12:34 PM RailBudget - Doubling expenditure on gauge conversion to Rs 2470 crore



12:33 PM RailBudget - To spend Rs 13,824 crore for buying rolling stock



12:34 PM RailBudget - IRFC to borrow Rs 10,000 crore via tax free bonds

12:32 PM RailBudget - Market borrowing for FY 12 seen at Rs 20,594 crore



12:32 PM EcoSurvey - Agriculture likely to grow at 5.4 per cent in 2010-11



12:31 PM RailBudget - Annual gross budgetary support at Rs 20,000 crore



12:31 PM RailBudget - Annual plan for FY 12 at Rs 57630 crore



12:30 PM RailBudget - To construct 10,000 shelters for people staying next to lines



12:30 PM RailBudget - To meet the demand for coaches, rail based industries to be set up under Vision 2020



12:29 PM RailBudget - First coach from the new rail factory at Rae Bareli to roll out in next three months



12:29 PM RailBudget - To set up two wagon units with private partners



12:28 PM RailBudget - To setup track machine unit in West Bengal

12:27 PM RailBudget - To construct 700 km rail track each year



12:26 PM RailBudget - Have received 85 proposals under PPP scheme



12:26 PM RailBudget - To setup 700 megawatt gas based power plant in Maharashtra



12:25 PM RailBudget - To setup rail industrial park in Nandigram



12:24 PM RailBudget - Have to depend on imports of rolling stocks, coaches

12:23 PM EcoSurvey - Critical to anchor expenditure reforms to achieve targeted fiscal deficit level

12:23 PM RailBudget - To set up railway software unit in Darjeeling



12:22 PM RailBudget - Have to depend on import of rolling stock, coaches



12:21 PM RailBudget - To set up diesel locomotive works in Manipur



12:21 PM RailBudget - To setup one metro coach factory in Singur



12:20 PM RailBudget - Railways to set up bridge factory in Jammu and Kashmir





12:18 PM EcoSurvey - Govt consdiering ways to revive closed urea units



12:18 PM EcoSurvey - May consider separate licences for basic, full banking services



12:17 PM RailBudget - Railways initiating business oriented policies



12:16 PM EcoSurvey: Agriculture likely to grow 5.4% in FY-11



12:16 PM EcoSurvey: Rise in corporate, service tax note worthy



12:15 PM Eco Survey: Manufacturing growth seen at 9.1% in FY-11



12:14 PM Eco Survey: Services growth for FY11 seen at 9.6%



12:14 PM Rail Minister's speech starts in Parliament



12:13 PM Agriculture likely to grow at 5.4% in FY11



12:13 PM Rise in corporate, service tax notreworthy



12:13 PM 5 8% rise in net credit to infra projects



12:13 PM Capital goods, consumer durables to be major growth drivers



12:13 PM RBI's forex market intervention unlikely to be inflationary



12:12 PM Slowdown in FDI partly offset FII investment



12:11 PM Investments, savings rate may rise in FY-12



12:11 PM Plan to raise diesel prices in a staggered manner



12:11 PM Govt to cap auto fuel prices if global oil prices surge



12:10 PM Slowdown in FDI partly offset by rise in FII flows



12:10 PM Current account deficit necessary for effective monetary policy



12:08 PM Need to keep all options open if forex flows hurt economy



12:08 PM Tackling inflation to be the centre stage of policy making



12:07 PM FY-11 revenue shortfall seen at 3.8% of GDP



12:07 PM Govt implementing a gradual exit from stimulus measures



12:07 PM Seeing fast, strong turnaround in the economy



12:07 PM Slowdown in industrial output is a cause of concern



12:07 PM FY-11 fiscal deficit seen at 4.8% of GDP



12:06 PM Inflation has re-emerged as a major economic concern



12:05 PM Global debt crisis may effect Indian growth prospects



12:05 PM Economy to revert to pre-crisis level in FY-12



12:04 PM Cutting fiscal deficit necessary for effective monetary policy



12:04 PM Inflation is clearly a dominant concern



12:04 PM FY11 Fiscal deficit seen at 4.8% of GDP



12:04 PM Higher global crude oil prices may impact FY12 growth



12:04 PM India's FY 12 GDP growth may exceed 9%



12:02 PM Investments, savings rate may rise in FY-12

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