Railway budget 2012
Indian Railways aims to cut operating ratio
Indian Railways aims to cut operating ratio, which is the money spent to earn every Rs 100, to 84.9 per cent in 2012-13 from 95 per cent in the current financial year, Railways Minister Dinesh Trivedi
Improvement of passenger amenities
* Improvement of passenger amenities at a cost of Rs.1,112 crore; regional cuisines to be introduced.
* World Bank funding of R.6,500 crore firmed up for dedicated freight corridors; land acquired fo
Railways to set up firm to develop, maintain stations
The responsibility of developing and maintaining thousands of railway stations across the country will be entrusted to a new company under the public private partnership (PPP) route, Railway Minister
Rail Budget: Fares hiked after nine years
* Nominal increase in rail fares after 9 years; Fair up by 5 paise per kilo metre in sleeper class.
* For express trains, hike of 3 paise per kilometre.
* 10 to 20 paise hike in tickets fares.
Railway stocks slump during noon trade
Stocks of companies associated with railways slumped around noon on Wednesday, soon after the Railway Minister Dinesh Tivedi presented the budget of the network for the next fiscal.
At the Bombay Sto
Prominent hightlights of railway budget for 2012-13
Following are the prominent highlights of the railway budget for 2012-13 presented in the Lok Sabha on Wednesday by Railway Minister Dinesh Trivedi:
* No steep increase in passenger fares; 2 paise pe
Two more double-decker AC trains to be introduced
Two double-decker trains and a Shatabdi train are among 75 new express trains announced in the Rail Budget 2012-13.
Chennai-Bengaluru AC double-decker Express, Habibganj-Indore AC double-decker Expr
Trinamool Congress demands fare hike roll-back
In what has been described as extremely strange move, West Bengal Chief Minister Mamata Banerjee on Wednesday demanded a roll back in the proposed hike in passenger rail fares.
Trinamool Congress on
Rail budget today, fare hike unlikely
The Railway Budget, to be presented on Wednesday, may prove to be ninth successive one in not hiking passenger and freight rates. But keeping in mind infrastructure and safety issues, it is possible t
Indian Railways to borrow $3.3 billion from market in 2012-13
Indian Railways plans to borrow Rs.15,000 crore (about $3.33 billion) from the market, Railway Minister Dinesh Trivedi said on Wednesday presenting the railway budget for 2012-13 in the Lok Sabha.
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