New Delhi(web team): The Indian Railway Minister Suresh Prabhu will announce the much awaited Railway 2015 budget at 12 noon on Thursday February 26, 2015.
Narendra Modi’s ‘Make In India’ campaign is likely to be at the centre of Prabhu’s Railway budget. However, what needs to be seen is whether Prabhu will bite the bullet and increase rail fares or not.
During the Railway budget of 2014, the NDA government had announced a steep increase in rail passenger fee which was then swiftly rolled-back after its allies protested.
The government had announced a 14.2% hike in passenger fares and 6.5% hike in freight rates. The railways had hoped to gather Rs 8,000 crore from this move.
10:23 IST Thursday, 26 February 2015
Railway Minister Prabhu tells a TV news channel that this Budget will show the right path to Indian Railways. “The first step will be taken today. The journey will be long but I am sure we will achieve our target,” he said.
10:18 IST Thursday, 26 February 2015
A quick recap of the expectations from the Railway Minister. Passengers demand better connectivity, safety and cleanliness.
Also Read: RAIL BUDGET 2015: Expectations from the Railway Minister
10:08 IST Thursday, 26 February 2015
…And it begins.
10:01 IST Thursday, 26 February 2015
Rail stocks don’t seem to be having a good start to the day. After falling nearly 6% on Wednesday, they continue to fall in early morning trade on BSE Sensex. Texmaco Rail and Engineering Ltd is down 1.98% and Kalindee Rail Nirman has lost 2.77% of its value at 10.01 am.
9:53 IST Thursday, 26 February 2015
The total approximate earnings of Indian Railways during 1st April 2014 to 31st January 2015 were Rs. 12,8,928.3 crore compared to Rs. 11,4,428.5 crore during the same period last year, an increase of 12.67%.
Although, the total approximate numbers of passengers booked during 1st April 2014 – 31st January 2015 dropped by of 0.56%, it remains to be seen if manages to open new revenue streams for the Railways without increasing passenger fares.
Check out the key statistics of Indian Railways.
9:40 IST Thursday, 26 February 2015
A quick recap from yesterday.
9:32 IST Thursday, 26 February 2015
Minister of State Railways Manoj Sinha tries to give early cheer to passengers. Says the Budget will bring smile to everyone’s face.
9:23 IST Thursday, 26 February 2015
Former Rail Minister Pawan Bansal says that people have large expectations from this Rail Budget.
8:48 IST Thursday, 26 February 2015
Bullet trains were talk of the town last year and an interim report on the same was even submitted on November 21, 2014. The train is expected to run between Mumbai-Ahmedabad. Will Prabhu make a significant announcement today?
Also Read: Mumbai-Ahmedabad bullet train: Pipe dream or economical boon?
8:41 IST Thursday, 26 February 2015
dna gives a lowdown on some of the things a vast majority of armchair budget-watchers believe might come true in today’s Rail Budget.
Also Read: ‘Bihar special’ railway budget or achche din for Konkan Railway, Mumbai debates
8:27 IST Thursday, 26 February 2015
Former Rail Minister Pawan Bansal said that emphasis should be on upgrading current network, bullet trains are not something that is too important.
On the eve of Railway budget, Prabhu said that his ministry has made best efforts to fulfil people’s aspirations of new trains and better connectivity. He said that attempts are being made to meet people’s expectations as much as possible.