Switching fiscal year to Jan-Dec will benefit exporters: Min
PTI As the government readies plan to merge railway budget with the general budget and switch to January-December financial year, Minister of State for Finance Arjun Ram Meghwal said the move will benefit the industry and exporters. "What do you think about the Railways budget merger with the general budget," Minister of State for Finance Arjun Ram Meghwal asked industry bodies Merchants' Chamber of Commerce and Calcutta Chamber of Commerce. "We are taking these inputs as consent of yours towards the same", he said. He also explained the benefits of the decision. The minister took feedback of the chambers on switching to January-December year instead of April-March. "Most of the countries have January-December year. And exporters will get benefit directly in ...
Rail budget to cater to people's needs satisfactorily: Prabhu
Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation Source: PTI The Rail Budget will cater to the needs of all Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation. Hailing the Rail Budget 2016-17as "passenger-centric" as it entails no fare hike, PM Modi said it will play an important role in the country's rejuvenation. He said the budget caters to all sections of the society and "stands out because it is an infrastructure-led and employment generating budget". The government's efforts to comprehensively transform railways ...
Railway Budget bets big on technology and fuel efficiency
Sai Nikesh | The Dollar Business Presenting the Railway Budget 2015-16 in Parliament on Thursday, the Union Railway Minister Suresh Prabhu said that the budgetary allotment for FY2015-16, under capital, is 84% higher than 2014-15. “A total of 77 new railway projects covering 9,800 km, at a total costing of Rs 96,182 crore, has been sanctioned for the FY2015-16 and this is 2600% higher than the amount sanctioned for the two previous years,” informed the Union Minister. Addressing the members on the budgetary allocations, the Minister touched upon various aspects that the Railways sector intends to make its mark in the FY 2015-16. The Minister announced a proposal to launch the ‘Foreign Rail Technology Cooperation Scheme’ for technology intensive and ...
