Rail Budget pragmatic, to improve ease of doing biz: India Inc

Last Updated: Thursday, February 26, 2015, 18:22

Terming the Rail Budget as "pragmatic", India Inc today welcomed the larger role envisaged for the private sector and said various measures proposed would bring in higher efficiency and improve ease of doing business.

Freight hike throws cement, fertiliser stocks off the track

Last Updated: Thursday, February 26, 2015, 18:20

Stocks of cement, fertiliser and steel companies suffered losses today following the proposal to hike rail freight by up to 10 percent amid concerns that the firms will not be able to fully pass on the higher rates.

Rail Budget 2015: Power tariffs may rise after hike in freight rates for coal

Last Updated: Thursday, February 26, 2015, 17:44

An official of state-run miner Coal India said that the impact of freight rate hike would be on the landed cost of coal.

Railways' freight revenue to rise 14% to Rs 1.21 lakh cr

Last Updated: Thursday, February 26, 2015, 17:40

In 2014-15 (revised estimate), the revenue from movement of goods will rise to Rs 1,06,927 crore from Rs 93,095 crore in the previous year, according to the Rail Budget document.

Rail Budget futuristic, passenger-centric: PM Modi

Last Updated: Thursday, February 26, 2015, 17:30

He said the budget is a watershed moment for the railways, marking a paradigm shift from mere announcement of number of trains to a comprehensive railway reform.

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

Last Updated: Thursday, February 26, 2015, 17:27

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

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.