Rail stocks derail; falls up to 7% as Budget disappoints mkts

Last Updated: Thursday, February 26, 2015, 17:21

Share prices of companies that cater to the railway sector plunged by up to 7 per cent today after the Rail Budget 2015-16 failed to boost investors' sentiment.

'Cement manufacturing cost to go up by Rs 7-10 per bag'

Last Updated: Thursday, February 26, 2015, 17:11

Manufacturing cost for cement is likely to go up by Rs 7-10 per bag of 50 kg due to the proposed freight hike on various inputs and the commodity, but domestic firms would prefer to wait for the main Budget to take a call on raising the price.

Rail Budget 2015-16: Railways pegs 17% rise in passenger revenue in FY16

Last Updated: Thursday, February 26, 2015, 17:09

Railways' earning from passenger traffic is estimated to rise by nearly 17 per cent to Rs 50,175 crore in the next financial year as it expects more number of passengers to travel longer distance.

Freight rate hike to get Rs 4000 cr; no Rail fare increase

Last Updated: Thursday, February 26, 2015, 17:06

The Railway Budget today hiked freight rates on cement, coal, foodgrain and pulses, urea, kerosene and LPG by up to 10 per cent to mop up an additional Rs 4,000 crore a year but spared passengers from any raise in fares while ruling out privatisation.

Rail Budget 2015-16: Faster rail network growth in J&K, commits Prabhu

Last Updated: Thursday, February 26, 2015, 16:55

There would be faster rail network growth in Jammu and Kashmir and connectivity provided to all the Northeastern states, Railway Minister Suresh Prabhu said today.

Rail Budget 2015-16: Prabhu prioritises women safety

Last Updated: Thursday, February 26, 2015, 16:49

Giving priority to women`s safety, Railway Minister Suresh Prabhu Thursday announced the utilisation of resources from the Nirbhaya Fund by Indian Railways, adding that surveillance cameras would be provided in select coaches.

Rail budget realistic, not populist: Naidu

Last Updated: Thursday, February 26, 2015, 16:44

Terming the Railway budget as "realistic and pragmatic", Union Minister M Venkaiah Naidu today rejected opposition criticism that it lacked substance and said NDA government has taken on its shoulders all the responsibility of implementing unfulfilled promises of earlier regimes.

Rail Budget 2015-16: Essential item prices could go up due to rise in rail freight

Last Updated: Thursday, February 26, 2015, 16:35

Prices of food grain, pulses, cement, coal and steel are likely to go up following the proposal to hike rail freight by up to 10 per cent for various commodities.

Railway budget full of lofty ideas but no action plan: Nitish

Last Updated: Thursday, February 26, 2015, 16:31

Unimpressed with the Railway budget presented in Parliament today, Bihar Chief Minister Nitish Kumar said it was full of "lofty ideas but without any action plan."

Rail Budget 2015: The financial implications

Last Updated: Thursday, February 26, 2015, 16:30

Railway Minister Suresh Prabhu on Thursday presented his maiden Rail Budget for the fiscal year 2015-16 ruling out privatisation of the nation's economic lifeline and any hike in passengers' fare.

Rail Budget 2015-16: Quality of bed linen to be improved

Last Updated: Thursday, February 26, 2015, 16:29

The Railways will launch within the next six months a programme to improve the design, quality and cleanliness of bed linen, Railway Minister Suresh Prabhu said here Thursday.

Rail Budget 2015-16: No increase in urea prices despite rail tariff hike: Kumar

Last Updated: Thursday, February 26, 2015, 16:23

Urea prices will not increase for farmers even as freight charges have been hiked on the nutrient by 10 percent in the Rail Budget, Fertiliser Minister Ananth Kumar said today.