Railway Budget 2014

Updated : Feb 21, 2014

Interim Rail Budget: 17 premium, 39 express trains announced

Railway Minister  Mallikarjun Kharge on Wednesday announced 73 new trains including 17 premium trains, 39 express trains and 10 passenger trains. Here is the list of  premium and express trains that have been proposed in the Interim Railway Budget.

Union Railways Minister Mallikarjun Kharge

Updated : Feb 17, 2014

Railway Minister plays it safe ahead of elections, keeps fares unchanged

Railway Minister Mallikarjun Kharge presented the interim rail budget for the next fiscal with no hike in fares or freight, introducing 72 new trains and connectivity to two more northeastern states. Following are the highlights:

Updated : Feb 15, 2014

Interim Rail Budget: Not competing in populist measures, says Kharge

His response came when it was pointed out that the then Railway Minister Lalu Prasad had announced a reduction of passenger fares by 2 per cent in the Interim Rail Budget in 2009.

Updated : Feb 12, 2014

Mallikarjun Kharge presents no-frills interim rail budget

Railways minister Mallikarjun Kharge announced that 73 new trains will be introduced during 2014/15 across premium, express and passenger train categories. He also proposed 19 surveys to be taken up in 2014/15 for new lines.

Railway Minister Mallikarjun Kharge (centre) with ministry officials ahead of presenting the interim Rail Budget in Parliament. PHOTO: Reuters

Updated : Feb 12, 2014

Mallikarjun Kharge presents interim Rail Budget, passenger fares unchanged

Railway Minister Mallikarjun Kharge while presenting the interim rail budget for the next financial year also promised a new tariff-setting body and said work on eastern and western freight corridors was progressing well.

Updated : Feb 12, 2014

Indian Railways to borrow Rs 13,800 cr in 2014-15

Besides, Railways expects to mobilise Rs 6,005 crore through the Public Private Partnership (PPP) route during 2014-15.

Updated : Feb 12, 2014

Interim Rail Budget: Rail Tariff Authority to advise on fixing of fares, freight

Describing the setting up of RTA as "a path breaking decision", Kharge said, "Determination of rates will no longer be an exercise behind veils where the Railways and users could only peep covertly at what was happening on the other side."

Updated : Feb 12, 2014

Govt mulling entry of foreign funds into railways: Kharge

Railway Minister Mallikarjun Kharge said the government is considering a proposal to allow the entry of foreign direct investment (FDI) in the railways for creation of infrastructure.

Updated : Feb 12, 2014

Mallikarjun Kharge's maiden Rail Budget speech cut short over Telangana issue

The railway minister read out his speech on interim budget but had to stop after less than 20 minutes because of intense sloganeering over Telangana issue.

Updated : Feb 12, 2014

Interim Rail Budget 2014: 'Meghalaya, Arunachal to be brought on railway map'

Railway Minister Mallikarjun Kharge while presenting the interim railway budget in the Lok Sabha said that the Indian Railways are now on course to converting or commissioning various rail lines in three states in the region -- Assam, Arunachal Pradesh and Meghalaya.

Updated : Feb 12, 2014

Rail passenger services to Katra soon: Mallikarjun Kharge

Railway Minister Mallikarjun Kharge said passenger services up to Katra are expected to commence shortly as the construction of rail line on the Udhampur-Katra section has been completed and trial runs begun.

Updated : Feb 12, 2014

Rail stocks fall in absence of major announcements in Interim Budget

While stock of Kalindee Rail Nirman (Engineers) was trading lower by 1.96 per cent, Titagarh Wagons fell 1.23 per cent. Stock of Kernex Microsystems fell 4.04 per cent and Hind Rectifiers fell 6.11 per cent on the BSE at 12: 44 pm.

Updated : Feb 12, 2014

Railways revenue earnings up 13.34 per cent in April-Dec 2013

The total passenger revenue earnings during April 1-December 31, 2013, were Rs 27,646.10 crore compared to Rs 23,024.26 crore during the like period last year - registering an increase of 20.07 per cent.

Railway minister Mallikarjun Kharge poses after giving the final touches to the annual Budget in New Delhi on Tuesday. Kharge is expected not to touch fares due to elections. <em>Photo: Pankaj Nangia/Mail Today</em>

Updated : Feb 12, 2014

Interim Rail Budget 2014: No fare hike fears with elections on track

Railway Minister Mallikarjun Kharge in his interim Budget is expected to introduce more trains, including premium services between key destinations, and spruce up passenger amenities but leave fares untouched in the run- up to the polls.

Updated : Feb 11, 2014

Mallikarjun Kharge seeks FDI in rail infra projects

Railway Minister Mallikarjun Kharge at an international rail conference said "FDI is welcome in infrastructure projects like elevated rail corridor in Mumbai, high speed trains and Dedicated Freight Corridor."

Employees of Indian Railways. <em>Photo: Vivan Mehra/www.indiatodayimages.com</em>

Updated : Feb 11, 2014

Best companies to work for: Indian Railways is an employer like none other

The statistics are mindboggling! With staff strength of 1.4 million, the Railways - which completed 160 years in April this year - is the biggest employer in the country. In 2012/13 alone, it recruited 156,000 more employees.

Updated : Feb 11, 2014

Cabinet to consider proposal to allow FDI in railways

At present, there is a complete ban on FDI in the railways sector except the mass rapid transport systems. The Department of Industrial Policy and Promotion has proposed 100 per cent FDI through automatic route in the cash-starved sector.

Railway Minister Mallikarjun Kharge <em>Photo: Reuters</em>

Updated : Feb 11, 2014

Mallikarjun Kharge likely to announce more trains, new lines in interim Rail Budget

Railway Minister Mallikarjun Kharge will not bring about reduction in basic passenger fares in the interim budget on Wednesday but is likely to make adjustment in fuel adjustment component so that impact on fares is minimum in an election year.

Updated : Feb 11, 2014

Safety of passengers to remain top priority: Railway minister

Railway Minister Mallikarjun Kharge called upon general managers of all Zonal Railways and Production Units to make all possible efforts to prevent accidents and to improve overall safety environment on railways.

Updated : Feb 11, 2014

Railways hikes passenger fares, in effect from Oct 7

The decision on the fresh round of hike has been taken under the system of fuel adjustment component (FAC) about which an announcement was made in the 2011-12 Rail Budget.

Updated : Feb 11, 2014

Railways earnings jump 11 per cent in April-Sept period

The passenger fare earnings during this six month period were Rs 18,099.83 crore, a jump of 16.16 per cent from Rs 15,582.42 crore during the same period last year. The Railways hiked fares again effective October 7.