Railway Budget

Updated : Mar 13, 2015

Suresh Prabhu's Railway Budget for 2015-16 passed by Lok Sabha

Citing the deal with state-owned Life Insurance Corp, Railways Minister Suresh Prabhu said plans were afoot to partner with other units to boost railway infrastructure.

Updated : Feb 27, 2015

Railways ushering a new era of m-Convenience

The introduction of train sets similar to bullet trains will also reduce travel time leading to a smoother travel experience.

Updated : Feb 27, 2015

Rekindling hope: A Rail Budget of great expectations!

The massive jump in allocation for electrification has huge cost-saving implications as electric traction is 40 per cent cheaper than diesel traction.

Updated : Feb 27, 2015

Rail Budget 2015: Mumbaikar Suresh Prabhu's gifts to city, Maharashtra

Comprehensive trials of the proposed air-conditioned coaches for Mumbai's crowded suburban sections are underway since the past couple of years, and the announcement was welcomed by most commuters.

Updated : Feb 27, 2015

Rail Budget 2015: A risky Budget

While it is welcome that no new trains were announced, it is disappointing, that a rather reckless approach has been taken on investments on the basis of borrowed funds.

Asked when the decision will be implemented, Minister of State for Railways Manoj Sinha told reporters later that it will come into force in the next fortnight.

Updated : Feb 26, 2015

Rail Budget 2015: Book your rail ticket 4 months in advance

In his Budget speech in Lok Sabha, Railway Minister Suresh Prabhu said advance reservation period has been extended from 60 days at present to 120 days to check the rising menace of touts. Highlights of Railway Budget

Updated : Feb 26, 2015

Noble intentions, but fine print awaited

There are many other spheres where Railway Minister Suresh Prabhu started with noble intentions, but restrained himself to make a lasting impression.

Updated : Feb 26, 2015

Rail Budget 2015: Railway-linked firms' stocks crash post Suresh Prabhu's speech

Stocks of companies like Texmaco Rail and Engineering, Container Corporation of India, Kalindee Rail Nirman (Engineers), Stone India and Cimmco ended the day's trade in the red.

Railway Minister Suresh Prabhu hiked freight charge by up to 10 per cent that will help to mop up around Rs 4,000 crore, but refrained from increasing passenger fares.

Updated : Feb 26, 2015

Rail Budget positive, freight hike inflationary: India Inc

Engineering exporters body EEPC India Chairman Anupam Shah said the Rail Budget would improve ease of doing business and improve connectivity of the manufacturing units with the ports and air connectivity.

Updated : Feb 26, 2015

Rail Budget 2015-16: No change in passenger fares, says Suresh Prabhu

The Railway minister said the government is working on a five-year plan to transform Railways and its focus is to make Railways financially independent. Railway Budget highlights

Updated : Feb 26, 2015

Cleanliness in trains, stations of utmost priority, says Suresh Prabhu

He said the ministry wants to make "Swachh Rail" the driving force behind the government's flagship "Swachh Bharat Abhiyan" or Clean India campaign. Railway Budget highlights

The government's proposal of not announcing new service, arguably the first time in decades, comes despite heightened demands from states as well as Members of Parliament for announcing new trains in the Budget.

Updated : Feb 26, 2015

Rail Budget 2015: No new trains announced

At present, due to the over-utilised line capacity and backlog in track renewals, there are speed restrictions which lead to delay in running more number of trains. Highlights of Railway Budget

Railway Minister Suresh Prabhu (Photo: PIB)

Updated : Feb 26, 2015

Govt aims to invest Rs 8.5 trillion in Railways in next five years

Railway Minister Suresh Prabhu said he would raise funds from multi-lateral lenders, infrastructure and pension funds, as well as "monetizing" railway assets. Highlights of Railway Budget

Updated : Feb 26, 2015

Rail Budget 2015: Suresh Prabhu prioritises women safety

Presenting his maiden Railway Budget 2015-16 in Parliament, Prabhu also announced a dedicated toll-free number, 182, for receiving any security-related complaints.

Updated : Feb 26, 2015

Railways will improve quality of bed linen, says Suresh Prabhu

Presenting the Budget in the Lok Sabha, he said the National Institute of Fashion Technology (NIFT) in Delhi has been approached for designing bed linen.

Updated : Feb 26, 2015

Rail Budget 2015: Suresh Prabhu says govt working to bring best food chains into e-catering

"Depending on the response from our customers, the facility will be extended to cover more trains," Railway Minister Suresh Prabhu said in his Budget speech.

While presenting Rail Budget for FY16, Railway Minister Suresh Prabhu said fast tracking would be the highest priority of the government.

Updated : Feb 26, 2015

Railway Budget 2015: Wi-Fi facility to be provided at 400 railway stations

While presenting Rail Budget for FY16, Railway Minister Suresh Prabhu said fast tracking would be the highest priority of the government.

Indian Railways Finance Corporation (IRFC) will raise Rs 17,276 crore in 2015-16 for investment in rolling stock, the Railway Budget document said.

Updated : Feb 26, 2015

Rail Budget 2015-16: Rs 17,655 cr to be mobilised via borrowings

Besides, the other financial firm under Indian Railway Rail Vikas Nigam Ltd (RVNL) plans to raise Rs 379 crore through market borrowing.

Railways Minister Suresh Prabhu (Photo: Reuters)

Updated : Feb 26, 2015

Rail Budget 2015: Railways to monetise existing assets, says Suresh Prabhu

"The government has raised the planned outlay for the next financial year that begins in April by 52 per cent to Rs 1.1 trillion", Suresh Prabhu said on Thursday.

Updated : Feb 26, 2015

Train speed to be increased up to 200 km on 9 railway corridors

The increased speed will involve upgradation of track, improve rolling stock to higher standards and adopting improved methods of track recording and maintenance.

Prime Minister Narendra Modi (Photo: Reuters)

Updated : Feb 26, 2015

Railway Budget 2015 forward looking, futuristic, says PM Narendra Modi

The Rail Budget promises nine more high-speed trains, faster speed of existing trains, Wi-Fi in 400 stations and user-friendly ladders to mount upper berths.