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HindustanTimes Fri,01 Aug 2014

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Fare hike, fewer trains likely in Trivedi’s budget

An indirect hike on passenger fares by way of a safety or a modernisation surcharge? Deployment of level-2 of the European Train Control System (ETCS) project for ensuring passenger safety? Grand plans to ramp up catering services by roping in global firms such as the Singapore Airport Terminal Services and the Cremonini of Italy?

India Inc hails rail budget; calls it balanced, pragmatic

Corporates today gave thumbs up to the rail budget terming it as 'balanced' while maintaining that hiking passenger fares will help rationalise revenue stream of the Railways.

Rail budget misses reform chance

Freight earnings target may be difficult to achieve, while public-private partnerships may not have been fully explored, HT reports. Political economy of Indian railways | Tracking the tracks

What happens to rly budget now?

The sacking of railway minister Dinesh Trivedi by her party chief Mamata Banerjee has raised questions about what happens to the budget he presented in Parliament on Wednesday.

Trivedi's fate uncertain, PM says will replace him if needed

A day after Trinamool Congress chief Mamata Banerjee demanded sacking of the railway minister, Prime Minister Manmohan Singh today said the government will "consider" replacing Dinesh Trivedi if such a situation develops. HT reports. No word with Mamata, haven't resigned yet: Dinesh Trivedi

Trinamool says it has not demanded Trivedi's resignation

The Trinamool Congress today said in Parliament that it had not asked its party leader Dinesh Trivedi to resign as railway minister, apparently changing its stance on what it had said a few hours ago.  Kolaveri didi at it again | Mamata, Trivedi collide, head on

Govt underlines need for retail, aviation FDI

India's economic growth will gather speed over the next two years but radical policy changes including foreign investment in multi-brand retail and availability of agricultural land for industry are needed, the Economic Survey said. HT reports.

Budget wish: Rs. 200 cr more for CCTV cover

For Delhi Police, the budget can be a tool to provide Delhi the much-needed CCTV cover. Citing recent terror attacks, the force has asked finance ministry for an extra R200 crore to install CCTVs at six district courts, Supreme Court, high court and 28 markets.

Will finance minister bite the reforms bullet?

All eyes will be on Pranab Mukherjee as he presents Budget 2012-13 buffeted by compulsions of coalition politics, a shaky domestic economy and the persisting global economic crisis. HT reports. Battle line not yet drawn

Reforms on rewind

Walled in on four sides - by politics, slowing economic growth, high and unrelenting inflation, and inability to balance government spending with revenues - finance minister Pranab Mukherjee had little room for manoeuvre. As a result, Budget 2012 has failed to serve the growing aspirations of India 2012. Gautam Chikermane reports. Budget highlights | Poll: How do you rate Pranab's Budget?

Sensex fizzles after rosy start

A lack of incentives for attracting private sector capital investment and a fiscal deficit closer to 6% saw the benchmark 30-share Bombay Stock Exchange (BSE) Sensex erase early gains and end down 209 points, or 1.2%, at 17,466 points. Markets

Gold import news sends rupee up, but appreciation seen as temporary

The doubling of customs duties on both gold and platinum, as also on imported jewellery and an expectation of a lower current account deficit helped prop up the rupee on Friday versus the dollar, though analysts said it was a temporary effect that would soon wear off. The rupee closed the day at 50.18 to a dollar, up 20 paise from Thursday's close.

Pranab treads softly as coalition gets choppy

Only the naïve would be overly surprised that Pranab Mukherjee's fifth budget as finance minister in the UPA government lacked a raft of measures that could usher in a wave of new economic reforms.
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