Railway Budget News

Tata Steel on Thursday said it expects Finance Minister Arun Jaitley will take necessary measures in the upcoming Union Budget to rein in rising steel imports for making the domestic industry competitive.

Both the indices, sensex and Nifty, washed out initial gains on fresh selling mainly in Auto, Healthcare, IT, Consumer Durable and Banking sectors ahead of the Railway Budget and was trailing down by about 67 points at 1100 hours.

Ahead of presentation of the Railway Budget in Parliament on Thursday, government has ruled out the possibility of reducing train fares, saying they were "already low".

Ahead of presentation of the Railway Budget in Parliament next week, government on Thursday ruled out the possibility of reducing train fares, saying they were "already low".

Railway Minister Suresh Prabhu on Saturday said the feasibility report on high-speed bullet train between Ahmedabad and Mumbai was being prepared with the assistance of a Japan government's company.

Union Railway Minister Suresh Prabhu on Saturday said that although diesel prices have come down, reduction in passenger fares is unlikely to happen.

Railway Minister Suresh Prabhu on Thursday hinted that there may not be any cut in train fares in spite of the fall in diesel prices.

Keen to bring in fundamental changes in the manner in which Indian Railways operates, Rail Minister Suresh Prabhu may abandon the populist path in Rail Budget 2015.

The Narendra Modi government's maiden Rail Budget will be discussed by both Lok Sabha and Rajya Sabha on Monday.

As smart cards are increasingly becoming popular among the people, the Railways has now launched Go-India Smart Card.

In a move aimed at improving efficiency of the Railways, the government Tuesday announced the decision to separate the "unwieldy" Railway Board's functions of policy formulation and implementation.

Slipping from record highs, the Sensex Tuesday plunged 518 points and the Nifty tanked 164 points in their worst drop in 10 months on profit booking as investors said Narendra Modi-led NDA government's first Railway budget carried no big-bang announcement.

FDI will not be allowed in core operational areas, he said, adding these areas will remain with the Railways.

As many as 58 new trains, including five new 'Jansadharan' trains and an equal number of premium group of trains have been proposed in the Rail Budget presented by Railway Minister Sadananda Gowda Tuesday.

Full text of Railways minister Sadananda Gowda presenting the Railway Budget 2014 in the Parliament.

In a series of tweets, Modi said, "Rail Budget shows the important role of Railways in India's development journey."

Hailing the Railway Budget as "well thought-out" and non-populist, global consultancy KPMG Tuesday said it provides the much needed strategic financial headroom required for the railways to make critical investments in its modernization and expansion plans.

The Railway Minister also announced a slew of measures for giving passenger friendly services.

The minister said, he proposes to introduce specially packaged trains for these circuits.

Looking to attract funds for infrastructure development, the Railways Ministry would seek approval of the Union Cabinet to relax foreign direct investment policy to overcome cash crunch.