New Delhi: Presenting the Railway budget 2012 in Parliament on Wednesday, Railway Minister Dinesh Trivedi announced hike in passenger fares. This is the first hike in passenger fares in the last 10 years. The Railway Minister also announced 75 new express trains and 21 new passenger trains. Trivedi also laid stress on the need for modernisation of Railways. Here is how it all happened as Railway Minister Dinesh Trivedi presented...
02:54 PM, Mar 14, 2012
New Delhi: For the first time in a decade a Railway Minister has taken the bold decision of increasing passenger fares. While presenting his maiden Railway Budget in the Lok Sabha Union Minister Dinesh Trivedi announced that passenger fares were being increased "marginally" across all classes. Trivedi pointed out that passenger fares were subsidising freight rates so they need to be rationalised. The Railway Minister increased the passenger fares by...
02:42 PM, Mar 14, 2012
New Delhi: Here is the list of new express trains, passenger trains, MEMU, DEMU, extension of run and increase in frequency of trains announced in Railway Budget 2012-13. 1. Kamakhya-Lokmanya Tilak (T) AC Express (Weekly) via Katihar, Mughalsarai, Itarsi 2. Secunderabad-Shalimar AC Express (Weekly) via Vijayawada 3. Bandra (T)- Bhuj AC Express (Tri-Weekly) 4. Delhi Sarai Rohilla-Udhampur AC Express (Tri-Weekly) via Ambala, Jalandhar 5. Coimbatore-Bikaner AC Express (Weekly) via Roha,...
02:34 PM, Mar 14, 2012
New Delhi: The BJP on Wednesday criticised the Railway Budget presented by Railway Minister Dinesh Trivedi, calling it 'anti-aam aadmi' and an 'annexure budget'. "It is an annexure budget. Everything has been hiked. The common man will be severely affected," said Ananth Kumar. "There is no vision in the budget. It is an anit-aam aadmi budget. It's a budget by an annexure minister of Mamata Banerjee. Where is the aam...
02:18 PM, Mar 14, 2012
New Delhi: Indian Railways plans to recruit about 100,000 people in the 2012-13 fiscal year, compared with more than 80,000 hired in 2011-12, Railway Minister Dinesh Trivedi said on Wednesday. Unveiling the ministry's budget to parliament, he also said India planned to invest $147 billion for railways in the next five-year plan period that runs from 2012 to 2017. Indian Railways is one of the world's largest employers, with more...
02:16 PM, Mar 14, 2012
New Delhi: Union Railway Minister Dinesh Trivedi presented the Railway Budget in Parliament on Wednesday. The highlights of Railway Budget 2012 - Passenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class;...
02:05 PM, Mar 14, 2012
New Delhi: Train passengers have been given a lot of facilities in the Railway Budget 2012-13 presented by Union Minister Dinesh Trivedi on Wednesday. Recognising the need for clean and green trains, the Railway Minister said that 2,500 coaches would have bio-toilets, which would be much clearer and easy to maintain than the conventional ones presently in use. "A lot of green initiatives have been taken. Defence Research and Development...
01:38 PM, Mar 14, 2012
New Delhi: Railway Minister Dinesh Trivedi "marginally" increased passenger fares while presenting his maiden Railway Budget in the Lok Sabha on Wednesday. Trivedi announced that passenger fares were subsidising freight rates so they need to be rationalised. It is the first time that passenger fares have been increased in the last 10 years. Trivedi increased the passenger fares by 2 paise per km for suburban and ordinary second class; 3...
12:14 PM, Mar 14, 2012
New Delhi: It has been almost a decade since Railway passenger fares were increased and its finances are in the red. The Indian Railways is the country's 24*7 lifeline, registering 23 million passengers and up to 2.65 million tonnes of freight traffic per day. With the Railway finances going from bad to worse, a question often asked is what is the prime reason behind it. Why are the Railways sinking?...
11:51 AM, Mar 14, 2012
New Delhi: Railway Minister Dinesh Trivedi is all set to present the Railway Budget in Parliament on Wednesday. He said that the Railway Budget is going to be good for the common man. "The Budget is going to be very good, specially for the common man." He also said that the budget will make sure that Indian Railways shines like gold. "Railways is an important part of infrastructure. The Rail...
10:28 AM, Mar 14, 2012
CNN-IBN asked the people of Bangalore what their expectations from the Rail Budget 2012 are. ...
09:49 AM, Mar 14, 2012
With train travel likely to become more expensive, people in Kolkata demand more safety and no hike in travel costs. ...
09:43 AM, Mar 14, 2012
CNN-IBN asked the people of Mumbai what their expectations from the Rail Budget 2012 are. ...
09:32 AM, Mar 14, 2012
New Delhi: Rail passengers and market investors will be anxiously watching for today's Railways Budget. Expectations are running high on Railways Minister Dinesh Trivedi's big-ticket changes, one of which includes the much needed increase in passenger fares. Will he bite the bullet? European Markets European markets closed at the highest level in nearly eight months as investors cheered the solid economic data which came out of the US. Europe Closing:...
09:22 AM, Mar 14, 2012
New Delhi: It's almost been a decade since passenger fares were increased and railway finances are in the red. The Indian Railways is the country's 24*7 lifeline with 23 million passengers a day and 2.65 million tonnes of freight traffic. With the Railway finances going from bad to worse, a question often asked is whether the railway sector is going the aviation sector way. Union Minister Dinesh Trived says, "No,...
08:49 AM, Mar 14, 2012
THIRUVANANTHAPURAM: When Union Railway Minister Dinesh Trivedi presents the Railway Budget on Wednesday, the city will be hoping to get a slew of projects as well as the pending budgetary allocation.Among the new trains that the State is hoping for, a direct train from Thiruvananthapuram to Mumbai is one among the long-pending demands that passengers are looking for in the budget. As part transforming the Thiruvananthapuram Central into a world-class...
08:41 AM, Mar 14, 2012
New Delhi: Railway Board Chairman Vinay Mittal has said that a fare hike will bolster the railway finances to a limited extent and the urgent need was to consolidate rather than expand. When asked if the current model of railways is a financially viable model, he said, "Trains run but we don't earn revenue because they are necessary." "We fulfill a huge social responsibility. There are still areas in the...
07:58 AM, Mar 14, 2012
New Delhi: It's the D-day and all eyes will be on Union Minister Dinesh Trivedi who will present the Railway Budget 2012 in Parliament. Sources say that the government is likely to impose a safety cess, although it will not be labelled a fare hike. Sources add that there is a possibility of an additional surcharge, called the Union government development surcharge. However, the ministry is not likely to announce...
06:30 AM, Mar 14, 2012
Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
11:23 PM, Mar 13, 2012
New Delhi: The Rail Budget 2012 will be presented by Union Railway Minister Dinesh Trivedi in Parliament on Wednesday and a hike in the passenger fare is likely to be announced. According to sources, railway can impose a safety cess, but will not call it fare hike. There is also a possibility that an additional amount, called the Union Government Development Surcharge, may be levied. Sources also indicated that fewer...
06:43 PM, Mar 13, 2012
