BJP today termed the Railway Budget as "directionless" and "anti-people", saying it will add to the woes of the common man already facing the brunt of spiralling prices.
Presenting a populist budget, Railways Minister Dinesh Trivedi on Wednesday announced marginal hike in passenger fares ranging from 2 paisa per kilometre to 30 paise per kilometre in various categories of trains despite noting that Railways was passing through a "difficult phase".
Congress today backed the hike in rail fares in the railway budget saying it was "very minor" and necessary in view of the increase in fuel prices.
'Sorry, cannot agree,' tweeted Trinamool Congress leader Derek O'Brien today opposing the fare hike proposed by his party colleague and Railway Minister Dinesh Trivedi.
In line with the budget announcement of a hike in passenger fares in the range of 2 paisa per kilometre to 30 paisa per kilometre in various categories of trains, most Railway stocks dropped 4-6% on the Bombay Stock Exchange on Wednesday.
The Indian Railways will borrow Rs.
15,000 crore from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, railway minister Dinesh Trivedi said today.
Indian Railways aims to cut operating ratio, which is the money spent to earn every Rs.100, to 84.9 percent in 2012-13 from 95 percent in the current financial year, Railways Minister Dinesh Trivedi said today.
With safety as the prime focus, Union minister Dinesh Trivedi today spelt out five priority areas for his ministry over the 12th Five Year Plan. "My focus will be safe safety," he said while presenting the Rail Budget in Lok Sabha. However, the BJP has termed it as 'anti-aam admi' and said there is no vision in this budget.
Pitching for expansion of rail infrastructure, railway minister Dinesh Trivedi may allocate significant funds while presenting the Rail Budget on Wednesday for Dedicated Freight Corridors (DFC) to expedite its execution.
The seven north-eastern states, which hold the key for Trinamool Congress to emerge as a national party, could be bestowed with a slew of new rail projects in the upcoming Rail Budget.
Railways minister Dinesh Trivedi is planning to create a big splash in his budget speech of March 14 by unveiling plans to deploy the world’s largest European Train Control System project. Srinand Jha
A week ahead of his maiden budget March 14, railway minister Dinesh Trivedi on Friday announced 26 new trains, extended runs of five existing trains, increased the frequency of two trains and introduced five new suburban trains, promised by his party boss Mamata Banerjee last year.
Highlights of the railway budget for 2012-13 presented in parliament on Wednesday by railway minister Dinesh Trivedi.
With safety as the prime focus, railways minister Dinesh Trivedi on Wednesday spelt out five priority areas for his ministry over the 12th Five Year Plan.
Is the rail budget "dead or alive", leader of opposition in the Lok Sabha Sushma Swaraj asked in the house on Thursday.