Tuesday, 8 July 2014
First bullet train on Mumbai-Ahmedabad route: Gowda
01:08 PM
5 Jan Sadharan trains to be introduced: Gowda
01:06 PMOffice-on-wheels: Internet and workstation facilities on select trains.
01:05 PMPaperless office of Indian railways in 5 years. Digital reservation charts at stations: Gowda
01:04 PMGowda proposes setting up of Railway University for technical and non-technical subjects, tie-up with technical institutions.
01:02 PMWe
plan to attract investment from domestic and foreign players in
infrastructure; focus to be on aggressive indigenisation: Gowda
12:59 PMHospital Management Information System to integrate all railway health units and hospitals: Gowda
12:53 PMOutsourcing
at 50 major stations; on board housekeeping to be extended to more
trains; launching feedback service through IVRS on the quality, railway
minister says
12:46 PMHighlights of Rail Budget 2014
12:44 PMWe will improve e-ticketing to 7200 tickets/minute; 1,20,000 user can log in simultaneously: Gowda
12:38 PMThe recent fare and tariff hike to mop additional revenue of about Rs 8000 crore: Ministry of railways
12:28 PMSurplus
revenues declining. Hardly any resources for development works. Rs 5
lakh crore required for ongoing projects alone, railway minister says.
12:25 PMIndian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years, railway minister
12:20 PMThere should be focus on project completion rather than project announcements, railway minister says
11:39 AMRailway minister Sadananda Gowda and MoS Manoj Sinha leave for Parliament to present the Rail Budget.
After
opening on a positive note, markets witnessed hectic profit-booking in
most of the sectors in late morning trade, leading to fall in the Sensex
and Nifty by nearly 100 points from their all-time highs ahead of the
the Railway Budget.
"Going to present my maiden budget as a rail minister of India today. Hope we are able to meet public expectations," Gowda said.
Railway-related
stocks fall on profit-taking ahead of the railway budget presentation
later in the day. Shares in the sector have surged on hopes of reforms
including the opening of the sector to foreign investments under the
newly-elected Modi government, traders say.
10:04 AMRailway minister Sadananda Gowda and MoS for railways Manoj Kumar Sinha giving finishing touches to the Railway Budget.
Prime
Minister Narendra Modi, who started out selling tea outside a train
station, has promised to modernize India's railways and build high-speed
engines befitting Asia's third-largest economy.
09:35 AMThe
minister is likely to announce a slew of measures to garner funds such
as tapping foreign investments and encouraging private players. PM Modi
had also hinted at an increased role of the private sector in
development of railways.
09:20 AM"Will focus on amenities, cannot promise an immediate smile for common man"
- Railway minister Sadananda Gowda
09:18 AMThe
first Mumbai-Ahmedabad high-speed train proposal may get a push in the
new government's maiden rail budget, considering Prime Minister Narendra
Modi's promise of a diamond quadrilateral of bullet trains to connect
the four major cities of Mumbai, Delhi, Kolkata and Chennai.
