The Cabinet´s nod to the recommendations of the Seventh Pay Commission would create an impact of Rs.24,325 crore on the Indian Railways (IR) in the current financial year.
Tag: Railway Budget
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Railways hopeful of higher GDP growth
Indian Railways´ target of increasing freight tonnage by an incremental 85 million tonnes (mt) in 2015-16, against the traditional annual average of 50 mt, might appear ambitious, but the national transporter believes achieving such growth will not be a big task.
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Increased load brings relief
Indian Railways (IR) expected to exceed the Budget loading target for this financial year, a first in five years, Railway Minister Mallikarjun Kharge said while presenting the interim Railway Budget 2014-15. He said this financial year, loading would be at 1,052 million tonne (mt), against the Budget target of 1,047 mt. The target for 2014-15 has been set at 1,101 mt, the highest in recent times. In 2012-13, loading was at 1,008 million tonnes (mt), against the Budget estimate of 1,025 mt.
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India to build rail lines along its borders at Rs 80,000 cr
The Union government has completed survey on 10 key proposed railway lines for which most of the funding likely to come out of the railway budget. The government is preparing a Rs 80,000 crore plan to build the railway lines along India's strategic frontiers. Working in tandem railways and the military have identified certain lines that must be given priority in construction. The strategic lines include the Srinagar-Kargil-Leh railway line. It will cover a distance of more than 400 km cutting b
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Railway freight to impact cement industry
The proposed 5.79 per cent increase in rail freight as per the recent Railway Budget may impact the margins of the cement industry. Around 50 to 60 per cent of the freight expense of a typical cement company is related to rail freight,
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Cement industry poised for better growth
Growth in cement demand in 2013-14 may improve as the economy is expected to grow faster during the year and also because the governmentÂ’s policy initiatives may promote infrastructure sector,
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Rail freight hike may impact cement margins : India Ratings
The proposed 5.79% increase in rail freight as per the Railway Budget 2013-2014 may negatively impact the margins of the cement industry. In the event cement manufacturers are unable to pass on the rail freight cost hike, their operating margins may reduce by 75bps-100bps.
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Rail Budget proposes Rs 634 bn investment in FY14
Union Railway Minister Pawan Kumar Bansal announced a planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from public private partnership (PPP) route. He said this while presenting the railway budget for 2013-14 in Parliament today.
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che
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