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Memories of Another day

Memories of Another day
While my Parents Pulin babu and Basanti devi were living

Wednesday, February 24, 2010

Fiscal Policy Submerged in Cricket BL...

Fiscal Policy Submerged in Cricket BLITZ as DIDI VOTE Express Runs Resource and Revenue Barriers!Sachin Tendulkar fires record 200 against South Africa! Railway Budget 2010 promises new model to develop network!


Troubled Galaxy Destroyed Dreams, chapter 450

Palash Biswas



Railway Budget 2010
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Only Sachin was worthy of double ton milestone

Times of India - Pradeep Vijayakar - ‎7 minutes ago‎
MUMBAI: A thirteen-year wait ended for me on Wednesday. A wait for the first double hundred in ODIs. In World Cup I had watched an utterly dehydrated Saeed Anwar of Pakistan get to 194 in the Pepsi Indpendence Cup match against India at Chennai.

Railway Budget 2010 promises new model to develop network

Economic Times - ‎46 minutes ago‎
NEW DELHI: Railway Minister Mamata Banerjee Wednesday presented India's rail budget for the next fiscal with the promise of a new business model to encourage private investment along with social commitment but without privatisation.

Pak foreign secretary Salman Bashir arrives in New Delhi for talks

Times of India - ‎2 hours ago‎
NEW DELHI: Pakistan's foreign secretary arrived in New Delhi on Wednesday for the first official talks with India since the 2008 Mumbai attacks froze a slow-moving peace process between the rivals.
Video: Call for justice in Indian Kashmir Al Jazeera
Pak Foreign Sec meets Geelani Press Trust of India

Only Sachin was worthy of double ton milestone

Times of India - Pradeep Vijayakar - ‎7 minutes ago‎
MUMBAI: A thirteen-year wait ended for me on Wednesday. A wait for the first double hundred in ODIs. In World Cup I had watched an utterly dehydrated Saeed Anwar of Pakistan get to 194 in the Pepsi Indpendence Cup match against India at Chennai.

Railway Budget 2010 promises new model to develop network

Economic Times - ‎46 minutes ago‎
NEW DELHI: Railway Minister Mamata Banerjee Wednesday presented India's rail budget for the next fiscal with the promise of a new business model to encourage private investment along with social commitment but without privatisation.

Pak foreign secretary Salman Bashir arrives in New Delhi for talks

Times of India - ‎2 hours ago‎
NEW DELHI: Pakistan's foreign secretary arrived in New Delhi on Wednesday for the first official talks with India since the 2008 Mumbai attacks froze a slow-moving peace process between the rivals.
Video: Call for justice in Indian Kashmir Al Jazeera
Pak Foreign Sec meets Geelani Press Trust of India
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24/02/2010
Flats in Mumbai priced at Rs 100-cr, beat Burj Khalifa

Mumbai: Ten duplex apartments at the under-construction Lotus Villa in the Napean Sea Road area of south Mumbai have been priced at a minimum Rs 100 crore each.

Each square foot of the apartments costs Rs 1 lakh -- nearly thrice as much as the per-square foot price of an apartment on the hundredth floor of Dubai's Burj Khalifa, the world's tallest tower.

For the price of one Lotus Villa apartment, you could buy about 1,500 low income flats in the public housing project in the suburb of Ghatkopar. Each apartment will have a super-built up area of 12,750 sq ft including a private terrace garden. These castles in the air will be India's costliest apartments, and among the largest on offer in India's financial capital.

Kalpana Shah, Chairman and Managing Director of the Satellite Group, which is building the apartments, declined to comment on the price. However, insiders in the realty business confirmed the rates. "We do not want to announce the prices until the project is launched. But this will definitely be one of the most high-end apartments," Shah said.

Apart from the ones booked initially by investors, most apartments in the 27-odd storey Lotus Villa remain unsold. Shah said she would re-launch the project in April. The building is coming up on an over-one acre plot on which the Morarka Bungalow stood until three years ago. The first 10 floors will be reserved for parking.

Every inch of land in south Mumbai commands astronomical prices. Mumbai's last big- ticket apartment sale took place in 2007, when a flat at NCPA Apartments on Nariman Point went for Rs 34 crore. At Rs 97,000 per sq ft, that is the country's record residential deal so far.

The Mumbai-based Satellite Group has over 48 projects including residential projects in Ghatkopar and Goregaon. It also has commercial projects in Andheri and Worli. The Group's then MD, Pankaj Shah, was killed in the 26/11 terror attack at the Taj.

Source: The Indian Express

Fiscal Policy Submerged in Cricket BLITZ as DIDI VOTE Express Runs Resource and Revenue Barriers!Sachin Tendulkar fires record 200 against South Africa! Sachin Tendulkar created history by firing the first double century in one-day internationals as India put South Africa to the sword in Gwalior.The 36-year-old was in indomitable form as he bludgeoned 25 fours and three sixes in a stunning 200 off 147 balls.It passed the previous best of 194, set by Pakistan's Saeed Anwar in 1997 and Zimbabwe's Charles Coventry last year.

Railway Budget 2010 promises new model to develop network!

 Railway Minister Mamata Banerjee Wednesday presented India's rail budget for the next fiscal with the promise of a new business model
Mamata Banerjee
to encourage private investment along with social commitment but without privatisation.

"Our objective is inclusive growth," she told the Lok Sabha, lower house of parliament, adding that her main consideration in this year's budget was social responsibility rather than mere commercial viability of projects.

"We have set our goals in the Vision 2020 document and we will achieve it," the minister said, referring to the document unveiled in December that has targeted making over 30,000 km of routes into double or multiple lines against 18,000 km today.

And it led India, aided by a fabulous cameo of 68 off 35 balls from Mahendra Dhoni, to a superb 401-3 from 50 overs.

Tendulkar, whose previous best one-day knock was the 186 not out he scored against New Zealand in 1999, is already the leading run-scorer in Test and ODI cricket.

No fare hike, 54 new trains announced in Rail Budget!Railway Minister Mamata Banerjee spared passengers of a fare hike, while lowering freight rates on some essential items and announcing the launch of 52 new trains in Rail Budget for 2010-11.While,Finance Minister Pranab Mukherjee will present Budget 2011 on Friday, amid speculation that excise duty may be raised as part of a partial rollback of the stimulus measures.

"It is a fact that administrative and procedural delays discourage potential investors. We will need to overcome this. I am setting up a special task force for this," she said.

"Special structure will be created for the new business model," she said. "But we will not privatise our railways. Indian Railways will remain with the government."

At the same time, she also asked the private sector to refrain from what she called "typical negative approach" while dealing with the Indian Railways. "I am sorry to say this, this mindset has to change."

Prime Minister Manmohan Singh, United Progressive Alliance (UPA) chairperson Sonia Gandhi, Leader of Opposition Sushma Swaraj and Finance Minister Pranab Mukherjee were among those in the house, presided over by Speaker Meira Kumar.

This was Banerjee's fourth budget of her career as railway minister and the second for the United Progressive Alliance (UPA) government in its second straight term after being voted back to office in May last year.

According to Banerjee, 117 out of the 122 new trains promised in her last budget will be flagged off by March 31, within a matter of seven months, which was a commendable effort.

Seeking to give safety issues due consideration, the minister said there were a few cases of unfortunate accidents in the past and said these would be prevented by adopting the highest level of technology and manpower training.

"Within five years, we will have 13,000 out of unmanned level crossings manned - 3,000 this fiscal and 1,000 in the coming fiscal," she said, referring to the high number of accidents at such crossroads.

The budget came against the backdrop of the share of Indian Railways in the movement of goods, vis a vis truckers, falling from 24.07 percent in 2001-02 to 20.89 percent in 2008-09 and further to 19.32 percent in the first 10 months of this fiscal.

Indian Railways runs the world's second largest network under a single management with a network of 64,099 route km to ferry 18.9 million passengers on 7,000 trains daily from 6,906 stations. It also runs 4,000 freight trains to carry 850 million tonnes of cargo.

Some of the highlights of her budget include:

-- Special drive to increase passenger amenities

-- Upgradation of 94 stations

-- Six new drinking water bottling plants in public-private partnership (PPP) mode

-- Modern toilets at railway stations

-- More ticketing centres to help the public

-- Acquisition of cutting edge safety technology

-- 1,000 km route to be created

-- Special task force for clearing investment proposals in 100 days

-- New business model to be created

-- No privatisation

-- Railways to remain with government

-- But greater participation of private sector assured

-- 117 of 120 new trains for current fiscal to be flagged off

-- Within five years, all unmanned level crossings to be manned

-- Construction of more underpasses, besides road overbridges

-- Greater coordination with state governments to protect railway property

-- Security of women passengers to be improved

-- Ex-servicemen to be employed in Railway Protection Force

-- Five sports academies to be set up

-- Astroturf to be provided for development of hockey

-- Employment opportunities for sports persons

-- Railways to be lead partner for Commonwealth Games

India has said its economy is set to grow by 7.2% in the year to the end of March, raising the chance that state support could soon be withdrawn.

Government stimulus measures helped to maintain strong growth during the global downturn, but attention is now turning towards cooling rising prices.

Some now expect the government to raise interest rates earlier than expected.

Strong growth in manufacturing in India is helping to compensate for falling agricultural output.

India's industrial production has risen at its fastest pace in more than a decade, providing further evidence of the country's strong economic recovery.

Factory output rose by 16.8% in December compared with a year earlier, much faster than analysts had expected.

Subdued growth last year as a result of the global economic downturn helped to boost this year's figure in comparison.

The strong growth will strengthen the case for the government to withdraw its stimulus measures, analysts said.

However, direct tax rates are not likely to be tweaked for the time being as the Finance Ministry is unlikely to initiate reforms on the direct tax code now, which is still being debated at various government levels, sources said.

The direct tax code, which will replace the archaic Income Tax Act, is unlikely to come in the Budget session, that begins from Monday, the sources added.

The Prime Minister's Economic Advisory Council had also pitched for raising of excise duty to the level of service tax and broadening the service tax net. Currently excise duty stands at 8 per cent and service tax at 10 per cent.

After the Central Statistical Organisation estimated economic growth at 7.2 per cent for this fiscal against 6.7 per cent a year ago, Planning Commission Deputy Chairman Montek Sigh Ahluwalia had also said, "We should say stimulus has succeeded and we should begin to phase it now."

Commerce and Industry Minister Anand Sharma had also said those export sectors which moved into a very robust growth level could stand to see stimulus withdrawn.

However, leading industry chambers Ficci, CII, and PHDCCI are strongly opposed to any withdrawal of the stimulus measures as they say economic revival is not broad-based yet.

Passengers were spared a fare hike, freight rates were lowered for some essential items and 54 new trains announced in Rail Budget for 2010-11 that promises a new model to promote private investment in expanding the world's second largest railroad network under a single management.

"We have saved Rs 2,000 crore ($40 million) because of the hard work of our employees and austerity measures. There will be no increase in passenger fares," Railway Minister Mamata Banerjee told the Lok Sabha, the lower house of parliament.

"Our objective is inclusive growth," she said in her marathon 110-minute speech, adding that her main consideration was social responsibility of Indian Railways rather than mere commercial viability of various projects.

Accordingly, she also announced a cut in freight tariff for kerosene and grain, upgrade of 94 stations, 522 diagnostic centres, target of 1,000 km new lines, 10 auto ancillary hubs, several high-speed passenger rail corridors, six new drinking water plants and housing for all railway staff in 10 years.

"We have set our goals in the Vision 2020 document and we will achieve it," the Minister said, referring to the document unveiled in December that has targeted making over 30,000 km of routes into double or multiple lines against 18,000 km today.

"It is a fact that administrative and procedural delays discourage potential investors. We will need to overcome this. I am setting up a special task force for this," said the Minister, dressed in a white and green sari and her trademark rubber slippers.

"Special structure will be created for the new business model," she said, emphasising: "But we will not privatise railways. Indian Railways will remain with the government."

At the same time, she also asked the private sector to refrain from what she called the "typical negative approach", while dealing with the Indian Railways. "I am sorry to say this -- this mindset has to change."

23/02/2010
India can comfortably fund fiscal deficit: Goldman Sachs

The government will be able to finance its deficit comfortably, Goldman Sachs said in a note, adding that India's net borrowing in the coming fiscal year will likely be lower than that in the current year.

Finance Minister Pranab Mukherjee will unveil the federal budget on Friday, which will contain fiscal deficit and borrowing targets for 2010/11, eagerly awaited by a bond market that's already fretting about a possible interest rate hike next year.

"We think the government will be able to finance its deficit comfortably, due to a lower above-the-line fiscal deficit and aggressive disinvestment," analysts Tushar Poddar and Pranjul Bhandari wrote.

There is still room to buy back bonds through open market operations (OMO), they said, adding that the government will be able to earn at least $12 billion via stake sales in state-run firms over three years.

Goldman expects the federal fiscal deficit to come down by 1 percentage point to 5.3 percent in 2010/11 from a projected 6.3 percent of GDP in 2009/10.

The government will gradually wind down its growth-supporting stimulus over the 2010/11 financial year beginning on April 1, but will still need to borrow a record amount from the market, a Reuters survey of economists showed.

Source: Reuters

Railway Budget 2010: No whistle, no big bang

24 Feb 2010, 1348 hrs IST, ECONOMICTIMES.COM
NEW DELHI: No big bang was expected and none came. Mamata Banerjee’s 2010 Railway Budget had a lot of social welfare projects and reiteration of
Railways
the ministry's intent to implement a lot of projects that have been in the pipeline over the last few years. Mamata's budget proposals stretched from small welfare measures such as starting creches and hostels for women employed with the railways to setting aside of money for ten auto ancillary hubs, & building of the western freight corridor.

So does the budget actually have anything for you? To begin with, no change in passenger fares. A tickle of a sop as service charge on sleeper class has been cut to Rs 10. And you could look forward to ten new Duranto and 54 new trains in FY11 and also addition of some double-decker trains. There will be 101 new suburban trains for Mumbaites.

For industry, the good news could be embedded in the move to allow private operators to run freight corridors, the 10 new auto ancilliary units to be set up, 80,000 wagon addition, door-to-door freight services, the Golden and the Western rail corridor proposals. To do away with administrative bottlenecks, the minister has promised setting up a Task Force to ensure a 100-day clearance for investment proposals.

The minister underlined that the railways would focus on private participation and invited the private sector to participate in projects like development of multilevel parking complexes and construction of 93 multi functional stations through PPP.

The budget speech also had promises of 1,000 km route to be created by FY11, the Vision 2020 with a target of 25,000 Km of railway network, construction of more underpasses, besides road overbridges, a special passenger corridor and more security for passengers..

The minister announced that the exams for the recruitment in Railway would be conducted in the regional languages as well, adding that English, Hindi, Urdu and other regional languages will be used for Railway entrance exams.

Banerjee said that we have kept our earlier promises and out of 120 trains that were proposed by our ministry, 107 trains were started on time. She announced the setting up of six-bottling points would be set for manufacture of water that will be supplied. Cleanliness of the railway has improved over the years, claimed Banerjee adding that Rs 1302 crores would be spent for the safety of passengers.

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http://economictimes.indiatimes.com/Rail-Budget/Railway-Budget-2010-No-whistle-no-big-bang/articleshow/5611151.cms

Railways to increase earnings from non core areas

24 Feb 2010, 1301 hrs IST, REUTERS

MUMBAI: Rail minister Mamata Banerjee said on Wednesday the Railways expects to increase earnings from non core activities.
Railways


Mamata Banerjee, while presenting the Railway Budget, said the government aims to increase non core earnings to 10 billion rupees from 1.5 billion rupees.



Rail Budget 2010: Railways to launch 10 new Durontos

24 Feb 2010, 1315 hrs IST,

NEW DELHI: Encouraged by the good response to the non-stop Duronto express trains introduced last year, Railways would launch 10 more such
Duronto Express
trains in the next financial year.

In a recently held General Manager's meet the performance of Durontos were favoured as the occupancy rate in some of the existing services were around 70 to 85 per cent.

Bookings in 3AC class in Sealdah-New Delhi Duronto reported 105 per cent occupancy rate.

Punctuality, good service and less travel time have made Durontos operating in the New Delhi-Sealdah, Nizamuddin-Pune, Nizamuddin-Chennai and Howrah-Mumbai sectors popular.

The other reason for their popularity is that tickets come at a much cheaper rate than the premium trains Rajdhani and Shatabdi.

The feasibility study also took into account the occupancy rate of mail and express trains in the routes identified for running the Duronto trains, the official added.

Following Duronto train services would be introduced his year:
1. Yeswantpur (Bangalore) -Delhi (AC) (Weekly)
2. Mumbai-Secunderabad AC (Bi-weekly)
3. Pune –Howrah AC (Bi- weekly)
4. Mumbai-Ernakulam AC (Bi-weekly)
5. Indore- Mumbai AC (Bi-weekly)
6. Jaipur-Mumbai AC (Bi-weekly)

The following Durontos would run in the day time:
1. Chandigarh -Amritsar
2. Chennai – Coimbatore
3. Puri - Howrah
4. Howrah- Digha

Rail Budget 2010: Railways will not be privatised

24 Feb 2010, 1216 hrs IST, ECONOMICTIMES.COM
NEW DELHI: Presenting the Railway Budget in Parliament Railway Minister Mamata Banerjee said that the railways' mission is development of

country and uniting the nation. She reiterated that Railways will note be privatised.

She said that the main objective is inclusive growth and was looking at innovative financing. The total route kilometres stand at 64,015 kilometres. Administrative delays discourage investors. To set up task force for early clearances.

Mamata said railways will connect large sections within 5 years and improve infrastructure with private


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Railway Budget: Highlights

2010-02-24 10:04:46
Last Updated: 2010-02-24 18:15:17
 

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Mamata Express: Highlights

Budget 2010 full coverage | Budget news | Budget gallery | Budget Contest

  • No increase in passenger fares

  • Free travel for cancer patients in 3rd AC classes

  • Matribhoomi special trains to be introduced for women

  • New Janmabhoomi train between Ahmedabad and Udhampur

  • Funding for metro rail projects to be increased by 5%

  • Special train ' Bharat Tirth' to connect Himachal to Kanyakumari.

  • Karmabhoomi trains to be introduced for migrant labour

  • FY 11 dividend liability at Rs. 6,600 cr

  • Work under Mumbai suburban area under MUTP phase 1 to be completed this year, and under phase 2 to be completed by March 2014

  • Kolkata Metro to be extended inside the city, 5 stations to be renamed.

  • Railways to have master plan for N-E region

  • Railway line to be extended from Bilaspur in Himachal Pradesh to Leh in Jammu and Kashmir

  • Andaman and Nicobar Islands to get railway line from Port Blair to Diglipur

  • Sikkim capital Gangtok to be connected by rail from Rangpo

  • 2011 being 150th anniversary of Rabindranath Tagore, special train to be run from West Bengal to Bangladesh

  • Impact of Sixth Pay Commission recommendations placed at Rs.55,000 crore

  • Rs 4411 cr allotted for new railway lines

  • Stone India is quoting at Rs 61.20, down 4.08%

  • National High Speed rail authority to be set up

  • To exceed freight loading target by eight million tonnes

  • Wagon repair shop to be set up in Badnera (Maharashtra)

  • To set up 50 creches, 8000 hostels for women railway staff

  • Railways to set up 10 auto ancillary hubs

  • Job for one member of family whose land is acquired

  • Diesel plant in Bengal if land available

  • New anti-collision devices to be installed

  • Door to door service for freight

  • Service charge on AC fares cut

  • Railways to set up Tagore museums

  • Clearance in 100 days for private investments

  • To extend routes of 21 trains

  • To ink a western corridor pact with a Japanese company

  • Dedicated passenger corridor to be set up

  • Will set up 10 railway eco-parks

  • 10 more Duranto trains to be launched

  • Freight cut on foodgrain and kerosene

  • IVRCL is quoting at Rs 316.70, up 0.64%

  • Railways to enhance contribution to Central staff benefit fund

  • Titagarh Wagons is trading at Rs 396.25, down 2.23%
  • No forceful land acquisition for railway projects

  • Mobile e-ticketing centres at hospitals, courts

  • Centre for railway research to be set up in IIT- Kharagpur

  • RPF to be strengthened through amendments in RPF Act

  • Will introduce modified wagon investment scheme

  • Houses to all railway employees in next 10 years

  • To set up more freight corridors

  • To launch new tourist trains in 16 routes

  • 13,000 un-manned crossings to be manned in five years

  • Integral Coach Factory in Chennai to be modernised

  • Work on Rai Bareilly coach factory to begin this year

  • Mobile e-ticketing centers in IITs

  • Railways to acquire 80,000 new wagons

  • Design, development and testing center in Bangalore

  • To introduce 54 new trains in FY 2011

  • To run 101 new suburban trains in Mumbai

  • To introduce several schemes for railway employees

  • State-of- the-art loco training centers to be set up

  • No hike in freight tariff

  • Railways to run a special train during CWG 2010

  • Will induct ex-service men into railway security

  • Rail stocks: Kalindi Rail Nirman is quoting at Rs 187.65, down 2.85%

  • 381 new diagnostic centers across the country

  • Will modernise 93 railway stations

  • Railways will give concessions for sportspersons

  • Railways to set up sports academies

  • Railways will partner with CWG 2010

  • Security for women passengers to be improved

  • Double-decker trains to be introduced

  • Railways must develop new business models

  • RFID technology to be used for freight transport

  • Ticket counters at district headquarters and village panchayats

  • Special task force to be set up for early clearance of projects

  • Rs 1300 cr for passenger amenities

  • Plan to start 6 water bottling plants for railways

  • Construction of multi-level parking through PPP model

  • To complete 1000 km railway lines in one year

  • Railway exams can be taken in regional languages

  • Plan to raise Rs. 10,000 - 20,000 crore by next fiscal

  • Will withdraw examination fees for backward classes and women

  • English, Hindi, Urdu will be used for Railway entrance exams

  • 117 of 120 new trains for current fiscal to be flagged off

  • To come out with 10 year plan called ‘Vision 2020’: Mamata

  • Larger section of population to be connected: Mamata

  • Looking at innovative ways for financing projects: Mamata

  • Railways will not be privatised: Mamata

  • Need of the hour is to develop new businesses: Mamata

  • Policy guidelines will be made simple, easy and investor friendly: Mamata

  • Time for business community to partner with railways: Mamata

  • Indian Railways needs to move faster to catch up with West: Mamata

  • We have both long and short term goals: Mamata

  • Planning is important to meet long-term demands: Mamata

  • Have worked with the available infrastructure: Mamata

  • I want to improve Railway infrastructure: Mamata

  • Connectivity is important for our govt: Mamata

  • My proposals are dictated with social responsibility: Mamata

  • Inclusive growth is important for Govt: Mamata

  • Have looked into the economic viability: Mamata

  • Finance Ministry approved 14 out of 24 projects sought by Mamata

  • Mamata begins Budget speech

  • Mamata hints at populist Railway Budget

  • UPA govt’s policies are people-centric: Mamata

  • ‘Peace Express’ between Kashmir and Kanyakumari likely

  • Kalindi Rail Nirman is trading down 1.11% at Rs 191

  • Parliament resumes after adjournment on price rise

  • Kernex Microsystems is up 2.25% at Rs 163.30

  • Lok Sabha adjourned till 12 pm after uproar over price rise

  • Rail stocks: Texmaco has gained 2.48% and is quoting at Rs 152.95

  • Mamata had raised questions about my accounting system: Lalu

  • Rail stocks: Titagarh Wagons is trading up by 2.75% at Rs 416.45

  • What accounting system has Mamata used for Budget: Lalu Yadav

  • Mamata will be presenting her fourth Railway Budget

  • Rajya Sabha adjourned over price rise issue

  • Mamata Banerjee reaches Parliament to present Railway Budget

  • Rail stocks: BEML trading marginally higher at Rs 1065.40

  • Railway Budget likely to be presented at 12 p.m.

  • Railways is for people, of the people, by the people: Mamata Banerjee

  • Rail Budget may allot more money for modernisation

  • Mamata may allocate more money for ensuring safety of passengers

  • Mamata may announce more Duranto trains across cities

  • Mamata leaves for Parliament House

  • Coach factory likely in Palakkad (Kerala)

  • Container Corporation scrip trading higher at Rs 1201.90

  • Bengal may be the first stop for Mamata Express

  • Private investment may get a booster in Rail Budget

  • 4-5 new Duranto trains likely for Bengal

  • Schemes to increase goods traffic
  • Railway Budget dedicated to common man: Mamata Banerjee

  • Railway Budget to test Mamata 'magic'

  • Railway Budget may spare fare hikes

  • Mamata Banerjee may rationalise freight tariff

  • Bonanza awaits the people of West Bengal

  • Rail Budget to focus the Delhi-Kolkata, Delhi-Mumbai, Kolkata-Mumbai and Delhi-Chennai routes

  • Hike likely in freight rates of iron ore, coal, and cement

  • More Duranto trains expected


  • Special railway security fund to be introduced
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Railway Budget: List of newly introduced trains

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Railway Budget: List of newly introduced trains

The Minister of Railways, Mamata Banerjee, has announced introduction of 52 new long distance trains in the Railway Budget 2010-11 presented in Parliament.

Following is the list of the newly introduced trains:

1. Sultanpur-Mumbai Express (via Nihalgarh) (Weekly)

2. Sultanpur-Ajmer Express (via Nihalgarh) (Weekly)

3. Asansol-Digha Express (Weekly)

4. Howrah-Katpadi (Vellore) - Puducherry Express via Bhubaneswar (Weekly)

5. Kishanganj-Ajmer Express (Weekly)

Image: The Railway Minister, Mamata Banerjee, arrives at Parliament house to present the Rail Budget 2010-11

Text: Press Information Bureau

Image courtesy: AP / Press Information Bureau

Railway Budget full coverage | Railway Budget: Highlights

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Union Budget 2010

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'Focus on infrastructure'
The government should nurture the long-term interests of the nation and carry out the reform process, says R. Bupathy

Roadmap against treaty shopping
The Budget is expected to lay down a plan to plug loopholes in the double tax avoidance treaties, which cost the Indian exchequer crores in tax revenues.

Road Safety Bill
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Railway Budget 2010-11 Review: Angel Securities

Moneycontrol.com - ‎1 hour ago‎
Ms. Mamta Banerjee's second Railway Budget has turned out to be a non-event from the stockmarket point of view even though certain key points are worth ...

Sensex ends flat on Railway budget day

Economic Times - ‎4 hours ago‎
MUMBAI: Indian markets ended on a flat-to-negative note on Wednesday even as the railway budget was presented. According to dealers trade was choppy due to ...

Rail budget no major benefit to markets: IFCI Fin

Economic Times - Vinay Pandit - ‎3 hours ago‎
MUMBAI - The Railway Budget threw up no major surprises this year. This was also evident from the clear downward movement witnessed in most ...

Kerala 'disappointed' with railway budget: Minister

The Hindu - ‎1 hour ago‎
But if you look into what happened to last year's budget, Kerala was given a Railway Medical College. Now what happened to that?” Vijayakumar questioned. ...

Railway funding plan hints at tighter govt budget

Reuters India - Abhijit Neogy, Manoj Kumar - ‎2 hours ago‎
NEW DELHI (Reuters) - India's railway budget set $9 billion of infrastructure investments but left government funding flat ...
Email this story

Railway Budget Finally Discussed After Lok Sabha Disturbances

india-server.com - ‎7 hours ago‎
The Railway Budget discussion that was to take place in the Lok Sabha earlier today has finally taken place after the Sabha got adjourned following a ...

Weak start likely on poor global cues; Rail Budget awaited

Economic Times - ‎12 hours ago‎
However, stock-specific action is likely ahead of the Railway Budget scheduled later today. The F&O expiry for February series due Thursday will also keep ...

Punjab terms railway budget as illusionary and discriminatory

Daily News & Analysis - ‎28 minutes ago‎
PTI Chandigarh: Punjab chief minister Parkash Singh Badal today flayed the Union railway budget for 2010-11 describing it as "another instance of sheer ...

HIGHLIGHTS OF RAILWAY BUDGET 2010

Business Standard - ‎6 hours ago‎
Will construct underpasses at railway stations to counter problem of lack of usage of foot overbridges. 3000 level crossings to be mended this year, ...

BJP, Left slam budget, Congress gives thumbs up

Hindustan Times - ‎7 minutes ago‎
It said the railway budget lacked larger vision and there was no proposal for railway operational safety. The party also objected to 'tatkal' service being ...
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14 new trains proposed for Tamil Nadu

The Hindu - ‎1 hour ago‎
The Hindu Fourteen new train services have been proposed for Tamil Nadu in the Railway Budget. FIle photo of a suburban train in Chennai. ...
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News Buzz: Sachin Tendulkar, India VS SA Cricket Match and Railway Budget 2010

Naukri News (blog) - ‎18 minutes ago‎
Rail budget 2010 has been presented by the Indian Railway Minister Mamta Banerjee. The Indian railway budget 2010 / Railway budget is having no fare hike ...

Didi's budget in line with expectations

NDTV.com - ‎9 minutes ago‎
Mamata Banerjee's proposal in the Railway Budget for private public partnership (PPP) ventures in the Indian Railways has been the flavour of this ...
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India Inc reacts to Railway budget

Hindustan Times - ‎7 minutes ago‎
Railways minister Mamata Banerjee presented the government's railway budget for the 2010/11 financial year in Parliament on Wednesday. ...

Experts see mkts trading flat ahead of Budget

Moneycontrol.com - ‎16 minutes ago‎
Today's Railway Budget was on very positive lines but with no major changes that would to impact equity markets. Benchmark indices ended in flat territory ...

Railways to set up 522 hospitals, diagnostic centres

Economic Times - ‎3 hours ago‎
... will benefit railway employees and their children in a big way," Railway Minister Mamata Banerjee said Wednesday while presenting the Railway Budget ...

Railway budget is populist one: ICICI Direct

Economic Times - ‎3 hours ago‎
What did you take away from the railway budget and how are you approaching all those stocks which have really sold off quite significantly post the news? ...

Bartronics unaffected by railway budget: Deepak Mohoni

Economic Times - ‎3 hours ago‎
It is just an additional opportunity, so this I would not really classify as a railway stock per se so I think it has been unaffected by the pre-budget ...

Railways to earn Rs 62489 cr from Goods Traffic

Hindu Business Line - ‎2 hours ago‎
For 2009-10, the revised earnings have been put at Rs 58715.66 cr, according to the Railway Budget 2010-11 presented before the Parliament today. ...
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Mamata announces concession for cancer patients, film industry in WB

Economic Times - ‎17 minutes ago‎
... to cancer patients and technicians of the regional film industry by offering both categories of travellers special concessions in the Railway Budget. ...
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Cheers to Didi! Rajasthan gets 17 new trains

Economic Times - ‎1 hour ago‎
JAIPUR: There is something to cheer about for Rajasthan in the Mamata Banerjee's Railway Budget. The state got 17 new trains apart from rise in the ...

Sops for Andhra, especially Telangana, in rail budget

Thaindian.com - ‎1 hour ago‎
Telangana, which is witnessing a mass movement for statehood, got special attention in the railway budget, with the region accounting for more than half of ...

Rail budget: Commuters seek better connectivity to Mumbai

Indian Express - ‎13 hours ago‎
With just hours left for the railway budget, Pune is hoping that some of its long pending demands would be fulfilled. Top on the wish list are better ...

Railway recruitment exam also in local state languages: Mamata Banerjee

Daily News & Analysis - ‎2 hours ago‎
The examination would also be held on the same date by all Railway Recruitment Boards, she said while presenting the Railway Budget in the Lok Sabha. ...
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Ashok Leyland is looking weak: Devang Visaria

Economic Times - ‎9 hours ago‎
What is the sense at this juncture given that today is the Railway Budget? What would you play for in the market? What we are looking to initiate a pair ...

Railways provide an opportunity for Bartronics: Sudhir Rao

Economic Times - ‎3 hours ago‎
Your take on the railway budget, what would you pick up as an opportunity for Bartronics? There are only about two or three opportunities as far as ...
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Indian Shares End Tad Down After "Non-Event" Railway Budget

Wall Street Journal - ‎4 hours ago‎
MUMBAI (Dow Jones)--Indian shares ended slightly lower Wednesday as a lacklustre railway budget for the next fiscal year starting April 1 failed to cheer ...

Hosiery exporters, SIEMA welcome rail budget

Hindu Business Line - ‎2 hours ago‎
COIMBATORE: Tirupur Exporters' Association (TEA) on Wednesday welcomed the 2010-11 Railway Budget, saying maintaining the freight rates unchanged in the ...

Tiruchi industrialists want Rockfort Express restored

The Hindu - ‎30 minutes ago‎
The Tiruchi District Tiny and Small Scale Industries' Association (TIDITSSIA) has welcomed the Union Railway Budget announcements, describing them as ...

Budget expectations are more muted this time: Rajat Jain

Economic Times - ‎Feb 22, 2010‎
I think what you have seen in the past couple of years is that in the case of Railway Budget there is some kind of slowdown in terms of DFC in case of the ...

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"It was a shocking incident and we condemn it. So many policemen were killed. Centre should probe into it to find out the culprits behind the incident"
Feb 16, 2010 Press Trust of India (11 occurrences)

Rosaiah thanks Mamata for 'people-friendly' budget

The Hindu - ‎44 minutes ago‎
PTI Andhra Pradesh Chief Minister K. Rosaiah congratulated Union Railway Minister Mamata Banerjee for presenting a 'people-friendly' Railway Budget, ...

Karunanidhi commends Mamata for emphasis on social responsibility

The Hindu - ‎25 minutes ago‎
Chief Minister M. Karunanidhi on Wednesday commended Railways Minister Mamata Banerjee for reiterating the emphasis on social responsibility in implementing ...
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Railway recruitment exam also in local state languages: Mamata Banerjee

Daily News & Analysis - ‎2 hours ago‎
... examinations will henceforth be held in local state languages in addition to Hindi, Urdu and English, railway minister Mamata Banerjee said today. ...
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Companies that will gain from Mamata's Rail Budget

Moneycontrol.com - ‎5 hours ago‎
Mamata Banerjee delivered a Rail Budget that was high on both populism and vision. In her second Rail Budget, the minister left passenger fares untouched, ...

Foodgrain freight rate will reduce transportation spends

Economic Times - ‎1 hour ago‎
NEW DELHI: PDS consumers may not benefit significantly but Railway Minister Mamata Bannerjee's appears to have done her tokenist wee bit towards the farm ...
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We also carry goods: Mamata's Budget spills all over

IBNLive.com (blog) - ‎3 hours ago‎
Mamata Banerjee is in a time warp. As Rakesh Mohan said in 2001, the Railways do not just need to be run better, they need to be run differently. ...

Nifty little-changed; rail scrips slip post budget

Economic Times - ‎6 hours ago‎
MUMBAI: Indian markets were moving in a narrow range Wednesday even as the Railway Minister Mamata Banerjee announced populist budget. ...
Sensex ends 30 pts down Sify (press release)

Railways to set up five sports academies

The Hindu - ‎5 hours ago‎
... Chennai, Kolkata and Mumbai as its contribution to the encouragement of sports in the country, Railway Minister Mamata Banerjee announced in Parliament. ...
Extension of Suburban Services in Chennai, Kolkata & Mumbai Press Information Bureau (press release)
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BJP, Left slam budget, Congress gives thumbs up

Hindustan Times - ‎10 minutes ago‎
Railway Minister Mamata Banerjee's budget on Wednesday came in for sharp criticism from the Bharatiya Janata Party (BJP), Left parties and the Rashtriya ...

Kerala 'disappointed' with railway budget: Minister

The Hindu - ‎2 hours ago‎
... plant and three trains were extended, the Kerala government said the railway budget presented by Mamata Banerjee Wednesday was a “disappointment”. ...

Railways to be lead partner for Commonwealth Games

Rediff - ‎2 hours ago‎
The Minister of Railways, Mamata Banerjee [ Images ] proposes to set up five sports academies at Delhi [ Images ], Secunderabad, Chennai, Kolkata [ Images ...

Mamata gives several projects to Maharashtra

Little About (blog) - ‎24 minutes ago‎
Mumbai, Feb 24 : Mamata Banerjee's railway budget for 2010-11 has provided several rail and related infrastructure projects for Maharashtra. ...
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Mamata giving patronage to Maoists: Brinda Karat

The Hindu - Raktima Bose - ‎Feb 20, 2010‎
Accusing Trinamool Congress chief and Railway Minister Mamata Banerjee of being “quid pro quo” with the Maoists, Brinda Karat, Communist Party of India ...

Didi's budget in line with expectations

NDTV.com - ‎12 minutes ago‎
We need to overcome this situation," said Mamata Banerjee. Mamata Banerjee's proposal in the Railway Budget for private public partnership (PPP) ventures in ...
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Railways to set up 522 hospitals, diagnostic centres

Economic Times - ‎3 hours ago‎
... employees and their children in a big way," Railway Minister Mamata Banerjee said Wednesday while presenting the Railway Budget 2010-11 in parliament. ...

Mamata chugs along like Rajdhani, ignores barbs

Press Trust of India - ‎3 hours ago‎
New Delhi, Feb 24 (PTI) Feisty Railway minister Mamata Banerjee sped like a 'Rajdhani' ignoring barbs and raising her voice when some members tried to ...

Be cautious, accumulate fundamental plays among rail stocks

Economic Times - ‎6 hours ago‎
MUMBAI: Railway Minister Mamata Banerjee presented a populist Railway Budget for FY10-11 in the Parliament with a promise of a new business model to ...
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Dhumal says Mamata ignoring China threat

Little About (blog) - ‎1 hour ago‎
Shimla, Feb 24 : Himachal Pradesh Chief Minister Prem Kumar Dhumal Wednesday found fault with Railway Minister Mamata Banerjee for not approving railway ...

Mamata proposes House for All scheme

Rediff - ‎5 hours ago‎
Minister of Railways Mamata Banerjee [ Images ] proposed on Wednesday a new House for All scheme that will provide residences to all railway employees in ...

Railway Cultural and Heritage Promotion Board to be set up

Oneindia - ‎4 hours ago‎
New Delhi, Feb 24: Railway Minister Mamata Banerjee on Wednesday, Feb 24, announced the proposal of setting up a Railway Cultural and Heritage Promotion ...

'Rashtriya Swasthya Bima Yojana' extended to licensed porters, vendor, hawkers

Oneindia - ‎2 hours ago‎
New Delhi, Feb.24 (ANI): Minister for Railways Mamata Banerjee on Wednesday said that the national health insurance plan will be extended to all licensed ...
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40 tertiary-level multi-specialty Hospitals to be set up

Oneindia - ‎2 hours ago‎
24 (ANI): Minister for Railways Mamata Banerjee on Wednesday announced setting up of 40 Tertiary-level Multi-specialty Hospitals during the Railway Budget ...

India Inc reacts to Railway budget

Hindustan Times - ‎10 minutes ago‎
Railway Minister Mamata Banerjee's budget today came in for sharp criticism from the Bharatiya Janata arty, Left parties and the Rashtriya Janata Dal while ...

Punjab terms railway budget as illusionary and discriminatory

Daily News & Analysis - ‎31 minutes ago‎
In a statement here, Badal said the railway budget presented by Union railways minister Mamata Banerjee shows complete "insensitivity" towards the economic ...
Email this story

KRBL touches 52-week high

Moneycontrol.com - ‎6 hours ago‎
Mamata Banerjee said that there will be no hike in freight tariff. FY11 freight loading aim is at 944 mt. Railways will set up more freight corridors. ...
Email this story

Orissa peeved at Mamata neglect

Calcutta Telegraph - ‎Feb 22, 2010‎
22: Leaders of various political parties here are unhappy about railway minister Mamata Banerjee's apathy towards the backward state. ...

Karnataka to chug faster on Mamata's largesse

Thaindian.com - ‎39 minutes ago‎
Bangalore, Feb 24 (IANS) True to her word, Railway Minister Mamata Banerjee Wednesday put Karnataka on the fast track by announcing three new trains, ...

Trinamool activists cheer didi's railway budget

Little About (blog) - ‎3 hours ago‎
Kolkata, Feb 24 : Ushering in early Holi by smearing each other with colours, Trinamool Congress workers thronged Railway Minister Mamata Banerjee's ...

Six new Ladies Special trains

Oneindia - ‎2 hours ago‎
New Delhi, Feb 24: After successfully flagging off many the Ladies Special train in the year 2009, Mamata Banerjee again announced introduction of six new ...

Mamata gets Kolkata Metro station names wrong!

Thaindian.com - ‎1 hour ago‎
Kolkata, Feb 24 (IANS) Railway Minister Mamata Banerjee may have mentioned the “Park Circus” and “Rash Bihari” Metro stations in her budget speech Wednesday ...

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24 Feb 2010, 1800 hrs IST, VINEET AGARWAL,

We take a look at few of the key expectations of the common man, from the perspective of tax. How Budget is made | Budget: Focus & proposals | What individuals could get

3 Google execs convicted for Down syndrome video
24 Feb 2010, 1950 hrs IST, AGENCIES

Google execs were convicted of privacy violations in allowing video of an autistic boy being abused to be posted online. Status msg can send you to jail | Google Buzz


All headlines >>Sharebaazi: ET's stock market game with weekly prizes

Tax Special
Full Coverage: Rail Budget


Railway Budget 2010: HighlightsRailway Budget 2010: No whistle, no big bang

10 new Duranto amp; 54 new trains would be introduced in FY11. Rlys would also add double-decker trains. Lalu questions Mamata

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Volkswagen launches Polo priced at Rs 4.34 lakhs
Deliveries of the Polo petrol variant will begin from March 2010 onwards. The 1.2L Diesel variant will be available for customers from May 2010.
Mega Deals: $1 bn outsourcing contracts may come to India
Large outsourcing contracts worth up to $1 billion look set for a comeback this year, as cos seek to cope with renewed demand.
5 sectors that will see robust hiring in 2010
Here are some sectors which are likely to see robust hiring this year based on current market trends.
NRI scientist readies a clean power generation plant-in-a-box
An India-born scientist-CEO has provided a sneak peek over the weekend at a clean and efficient model of power generation-in-a-box that could eliminate the traditional grid and challenge monopolies.
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IPL franchisees figure out a path to profitability
Within three years the Indian Premier League (IPL) has morphed into a $4 bn cricket extravaganza. And amidst the hype and high valuations, the franchisees are figuring out a path to profitability too


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IPL franchisees figure out a path to profitability
Within three years the Indian Premier League (IPL) has morphed into a $4 bn cricket extravaganza. And amidst the hype and high valuations, the franchisees are figuring out a path to profitability too

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