Railway Budget

Updated : Mar 1, 2016

Prabhu's vision is on track but various roadblocks ahead

Railways failed to meet Prabhu's target of last year to collect revenues of Rs 141,416.05 crore and achieved only Rs 136,079.26 crore. How will he match this year?

Updated : Feb 26, 2016

Rail Budget 2016: What market expects and key stocks to watch out for

While the budget is expected to focus on massive capacity augmentation, industry watchers say Prabhu is unlikely to receive enough Gross Budgetary Support (GBS) from the Finance Ministry.

Market breadth remained negative with 21 of the 30 Sensex components ending the day in red. Photo: Reuters

Updated : Feb 26, 2016

Sensex ends 113 points down, Nifty below 7,000 as Rail Budget 2016 disappoints; SBI top loser

The headline indices tumbled as caution prevailed ahead of the general budget due next week, and as weak crude prices continued to weigh on global sentiment.

Updated : Feb 25, 2016

Rail Budget 2016: No passenger fare hike announced

The Rail Budget 2016 is expected to focus on massive capacity creation with an increased plan outlay of about Rs 1.25 lakh crore.

Railway Minister Suresh Prabhu (C) gestures upon his arrival at Parliament to present the Railway Budget in New Delhi.

Updated : Feb 25, 2016

Rail Budget 2016-17: Full text of minister Suresh Prabhu's speech

Railway Minister Suresh Prabhu presented his second Budget in the Lok Sabha on February 25, 2016.

Without the lustre of new trains or the headline grabbing potential of a hike or decrease in passenger fares, Railway Minister Suresh Prabhu's budget lacked excitement that comes with a Railway Budget. (Photo: Reuters)

Updated : Feb 25, 2016

Low on fizz, but Indian Railways may just be beginning to build some steam

Without the lustre of new trains or the headline grabbing potential of a hike or decrease in passenger fares, Railway Minister Suresh Prabhu's budget lacked excitement that comes with a Railway Budget.

The stock of Texmaco Rail fell as much as 2.89 per cent, while Kalindee Rail shed 4.59 per cent on the Bombay Stock Exchange. Photo: Reuters

Updated : Feb 25, 2016

Rail Budget 2016: Railway-related stocks fall up to 10% on Dalal Street

The stock of Texmaco Rail fell as much as 10.87 per cent and ended the day 8.78 per cent lower, while Titagarh Wagon sank 10.22 per cent intraday to end 8.40 per cent down.

Updated : Feb 25, 2016

Prabhu proposes 'Antyodaya Express' for unreserved travel

Describing "common people" as the focus of all his initiatives, Railway Minister Suresh Prabhu on Thursday proposed long-distance superfast trains for unreserved travel.

Updated : Feb 25, 2016

E-catering services to be extended to 408 stations: Suresh Prabhu

"IRCTC will manage catering services in a phased manner," Prabhu said while presenting the Railway Budget 2016-17 in parliament.

Updated : Feb 25, 2016

Rail Budget 2016: Four key takeaways for stock market from Suresh Prabhu's second budget speech

Experts said Prabhu's wish to revamp the Railway Board and strengthen the Public Private Partnership (PPP) cell will pave the way for reforms dilapidated Railway sector has been awaiting for decades now.

The Indian Railways said it planned to cut costs and generate new sources of revenue next year to offset a big rise in its wage bill and help keep an ambitious modernisation plan on track on track. (Photo: Reuters)

Updated : Feb 25, 2016

Railways targets new sources of revenue, cost cuts

The Indian Railways said it planned to cut costs and generate new sources of revenue next year to offset a big rise in its wage bill and help keep an ambitious modernisation plan on track on track.

The new trains with improved passenger amenities will be targeting to compete with the budget airlines. (Photo: Reuters)

Updated : Feb 25, 2016

Suresh Prabhu likely to announce new premium trains

The new trains with improved passenger amenities will be targeting to compete with the budget airlines.

For improving quality of travel for unreserved passenger, a superfast 'Antyodya' express service would be introduced. (Photo: Reuters)

Updated : Feb 25, 2016

Rail Budget 2016: No changes in passenger fares, freight

Presenting his second Budget in the Lok Sabha, Railway Minister Suresh Prabhu promised rationalising of the tariff structure by undertaking a review to evolve competitive rates.

Updated : Feb 25, 2016

Rail Budget 2016: Railways to develop three dedicated freight corridors

Focusing on the development of railway freight corridors, union Railway Minister Suresh Prabhu announced the development of the Delhi-Chennai, Kharagpur-Mumbai and Kharagpur-Vijayawada freight corridors on a priority basis.

Updated : Feb 25, 2016

Rail Budget 2016: Indian railways to target freight business revival, says Suresh Prabhu

Railway Minister Suresh Prabhu said the freight business - which provides two-thirds of Indian railways' revenues was - struggling as capacity constraints bite and industrial demand slows.

There seems a possibility of an increase in the passenger fares by 5 to 10 per cent. (Photo: Reuters)

Updated : Feb 25, 2016

What a common man may expect from the Rail Budget

While the common man remains anxious about the hike in passenger fares, various announcements are expected on high speed trains and incorporation of technology for modernisation and revamp of Railways.

Updated : Feb 25, 2016

Rail Budget 2016: Semi-high speed train coaches to be used in Shatabdi

Besides, the scheme of manufacturing 'Anubhuti' class coaches for premier services announced in the Rail Budget 2013-14 but in limbo is likely to be revived, according to railway sources.

Updated : Feb 25, 2016

Rail Budget 2016: Railways should be made disabled-friendly, says NGO

Railways should provide suitable solutions and devices for passengers to safely get into the train, the memorandum said.

Updated : Feb 25, 2016

Railway Budget 2016: More public cash eyed as turnaround remains elusive

Two senior government officials said raising freight tariffs significantly was not on the cards, and that a steep rise in passenger fares railway budget also was unlikely.

On the Rail Budget eve, a group of transport activists on Wednesday highlighted the issue of alarming rise in number of passenger deaths. Photo: Reuters

Updated : Feb 25, 2016

Rail Budget 2016: Commuters look up to Suresh Prabhu to improve suburban network safety

Holding banners and posters, activists appealed to the Minister to make necessary provisions to safeguard the lives of nearly eight million passengers travelling daily in suburban trains.

Updated : Feb 24, 2016

Rail budget to cater to people's needs satisfactorily: Suresh Prabhu

"The Rail Budget we have prepared is in the interest of the nation and railways," said Prabhu, who will present his second Rail Budget tomorrow in Parliament after assuming charge of the ministry.