Cabinet approves merging of Rail budget with Union Budget New Delhi: In a major overhaul, the Cabinet today approved advancing presentation of the annual Budget by a month, scrapped over nine decade old tradition of having a separate Railway Budget and removed classifications for expenditure to make the exercise simpler. With a view to get all the legislative approvals … [Read more...] about Cabinet approves merging of Rail budget with Union Budget
Rail Budget
Handing over of the Railway Catering System to IRCTC
Handing over of the Railway Catering System to IRCTC As announced in the Rail Budget Speech 2016-17, Indian Railway Catering and Tourism Corporation (IRCTC) would begin to manage catering service in a phased manner. The objectives of transferring the catering services from Railways to IRCTC were not fulfilled, as IRCTC could not professionalize the catering services. … [Read more...] about Handing over of the Railway Catering System to IRCTC
NFIR – Highly disappointing Rail Budget
Railway Minster did not make any announcement for making payment of PL Bonus at revised rate of 7000 NFIR National Federation of Indian Railwaymen 3, CHELMSFORD ROAD, NEW DELHI – 110 055 Press Statement Highly disappointing Rail Budget The National Federation of Indian Railwaymen (NFIR) expresses its serious disappointment over the Rail Budget (2 … [Read more...] about NFIR – Highly disappointing Rail Budget
7th Pay Commission: Rail budget may hike passenger fares
7th Pay Commission: Rail budget may hike passenger fares Facing resource crunch, Railways is said to be mulling the possibility of effecting a 5 to 10 per cent increase in the passenger fares in the coming budget. The proposal is being considered against the backdrop of a decline in both passenger and freight earnings and the additional burden of Rs 32,000 cr towards … [Read more...] about 7th Pay Commission: Rail budget may hike passenger fares
Railway Budget 2015: No hike in Railway Passenger Fares
No hike in Railway Passenger Fares Plan Outlay proposed Rs. 1,00,011 crore, increased by 52% Allocation for passenger amenities up by 67% Railways to become prime mover of Indian Economy, Five years action plan proposed Rail Budget seeks resource mobilization for higher investment Thrust on measurable and sustainable improvement in passenger experience and to make … [Read more...] about Railway Budget 2015: No hike in Railway Passenger Fares
Railway Budget 2014-15 : Rail Budget Seeks Course Correction, Avoids Populism
Railway Budget 2014-15 : Rail Budget Seeks Course Correction, Avoids Populism Rail Budget Seeks Course Correction, Avoids Populism No Increase in Rail Fare Stress on Resource Mobilization Through PSU Surplus, FDI and PPP Bullet Train on Ahmedabad-Mumbai Corridor Proposed, Speed of Trains to be Increased in Nine Sectors More Thrust on Passenger Amenities, Cleanliness … [Read more...] about Railway Budget 2014-15 : Rail Budget Seeks Course Correction, Avoids Populism
Outlay of Rs. 63,363 Crore Proposed in Rail Budget
Outlay of Rs. 63,363 Crore Proposed in Rail Budget Operating Efficiency Likely to Improve to 87.8% An outlay Rs. 63,363 crore has been proposed for 2013-14 rail budget which will be financed through Gross Budgetary Support of Rs. 26,000 crore, Railway’s Share in Road Safety Fund of Rs. 2,000 crore and internal resources of Rs. 14,260 crore. Highlighting the importance o … [Read more...] about Outlay of Rs. 63,363 Crore Proposed in Rail Budget
