The NDA government’s maiden railway budget is a realistic assessment of how the railways need to morph in a competitive environment; some of that sobering analysis finds place in Sadananda Gowda’s budget speech for 2014-15.
Prime Minister Narendra Modi’s government said on Tuesday that it will launch the country’s first bullet-train on the Ahmedabad-Mumbai route and a network of high-speed trains connecting major cities.
Though the railway minister’s budget speech, unlike previous years, did not mention any monetary allocations, train passengers in the Capital can look forward to improved amenities and a world-class station.
A lab to study accidents and evaluate safety, digital passenger charts and solar-powered stations are among a handful of innovations the railways is looking at for a “futuristic” makeover.
The maiden budget of the Narendra Modi-led NDA government on Tuesday announced special pilgrimage and ecotourism services to boost growth and encourage private participation in the tourism sector.
Trinamool Congress (TMC) leaders nearly came to blows with BJP leaders in the Lok Sabha on Tuesday. The members of West Bengal claimed the railway budget ‘neglected’ their state and the ugly spat almost turned into a scuffle before the House was adjourned.
When minister DV Sadananda Gowda stood up in the Lok Sabha to present his maiden railway budget, Prime Minister Narendra Modi’s stamp was hard to miss.
The Modi government’s first rail budget aims to make train stations look like slick airports equipped with a host of modern facilities for the network’s 23 million daily passengers.
Hailing the Railway Budget as 'futuristic and growth-oriented', PM Narendra Modi on Tuesday said it marks launch of the process of taking India's growth to new heights besides helping provide greater services and safety to the people.
Ihe silver lining in rail budget has been Gowda allocating most of the capital budget funds in 2014-15 for capacity build-up or for strategic lines. He has also refrained from announcing any new populist project on socially desirable grounds, as was the norm with some of his predecessors.
Today, the contribution of Indian railways is around 1.2% of the GDP and all stakeholders envisage that by 2020, it should reach about 3%. This will help sustainable economic development in the country at a level that was very recently the pride of India.
Shares of railway-related companies, many of which had hit fresh highs ahead of the Railway Budget, derailed after the actual Budget announcement as investors booked profits and there was disappointment over the lack of specifics on several issues.
No grandiose mega projects, no train loads of goodies, nor even a long list of new trains to please voters – Gowda has managed to buck the trend of populism that has for long been the hallmark of railway budgets in India. Full budget speech | 58 new trains, FDI in Gowda's rail budget
Keeping its promise of ensuring development in the North-East, the government may announce the setting up of a North-East Road Transport Corporation with an initial corpus of Rs 200 crore in the forthcoming budget.
The first rail budget of the Modi government was marked by its focus on the NorthIndian states and Prime Minister's home state Gujarat. The assembly poll-bound Maharashtra, that also elected 42 out of its 48 MPs for the NDA, got a slew of projects.