Get More Info
  • STOCKSELECT
  • SECTOR REPORT
  • RELATED VIEWS
  • SPECIAL REPORT
  • INTERVIEW
  • MYSTOCKS

  • Views Search

    Portfolio Tracker
  • VIEW PORTFOLIO
  • Equitymaster.com : Railway Budget 2007-08: Key extracts
     
  • PRINT THIS
  • E-MAIL THIS
  • FEEDBACK
  • OUTLOOK ARENA  >>   VIEWS ON NEWS >>  FEBRUARY 26, 2007

    Railway Budget 2007-08: Key extracts
    MYSTOCKS | FREE NEWSLETTER

    The budget activity has begun today with the railway minister Mr. Laloo Prasad Yadav, presenting the Railway Budget for 2007-08 a short while ago. Here are some of the key announcements made by the minister.

    • On the passenger business front, the minister has announced addition of 800 more coaches to popular trains. He has also proposed the introduction of 8 new Garib Raths. Other initiatives include facility for reservation of lower berths for senior citizens and women above 45 years traveling alone and increase in provision of special coaches for physically challenged passengers.

    • There is a relief for passengers traveling by AC coaches, as reduction in fares has been announced for AC First Class (3% and 6% for busy and lean season respectively), AC Tier 2 Class (2% and 4%). Besides this, the minister has also announced reduction in fares for all classes of high capacity new design reserved coaches by around 4% to 8% applicable to the AC Tier 3 and Sleeper classes.

    • Fares of second class non-suburban ordinary passenger and non-superfast mail/express trains would be reduced by Re.1 per passenger. Superfast charge on second class tickets would be reduced by 20% (from Rs 10 to Rs 8). These moves by the minister are seemingly to ward off, to a certain extent, the competition being provided by the low cost/budget airlines by wooing passengers back to rail travel by increasing the differential between rail and air fares.

    • Concession of 50% in second class for candidates appearing for main written examination conducted by SSC and UPSC has also been put forth.

    • On the industry front, the government has refrained from increasing freight rates given the competition from road transport. In fact, the freight rates for the movement of diesel and petrol have been reduced by 5%. Further, discounts upto 40% for open wagons plus discount of 20% during the lean season and 15% during peak season under Two Leg Freight Discount Scheme for covered wagons in up and down directions has been proposed.

    • Initiatives have been announced for targeting higher share in transportation of cement and steel (200 MT each by 2011-12). The minister has also aimed at a container traffic target of 100 MT by 2011-12.

    • Other initiatives on the anvil include plans for triple-stack container trains on diesel route and double-stack container trains on electrified route.

     Research ReportsTop 100 Indian companies with Buy/Sell price limits
     StockSelectBuy/Sell recommendation every week in your mailbox
     Mid-Cap SelectBuy/Sell recommendation every fortnight in your mailbox
     FundSelectMutual Fund Advisory with downloadable database

    More Views on News

    Insider Leaks Equitymaster Stock Picks (The 5 Minute Wrapup)

    Jul 25, 2017

    Equitymaster HQ has been infiltrated. Valuable stock ideas have been leaked. Who's responsible?

    Raymond and Other 'For Profit' Companies Who Don't Care about Shareholder Returns (The 5 Minute Wrapup)

    May 27, 2017

    What happens when minority shareholders are short-changed in the normal course of business?

    Why Commission Driven Model In Mutual Funds Should Be Eliminated... (Outside View)

    Feb 15, 2017

    PersonalFN believes SEBI has taken a step back-apparently in the admission of it going overboard with the regulations.

    This Book Changed How I Looked at the World of Man and Money (Vivek Kaul's Diary)

    Aug 24, 2016

    And here's your chance to claim a free copy of this book...

    The Developed World is Dying because of Demographics, Debt, and Deflation (Vivek Kaul's Diary)

    Aug 12, 2016

    And Why India's demographic dividend could turn out to be a doubtful debt...

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
     

    © Equitymaster Agora Research Private Limited
    www.personalfn.com | www.equitymaster.com
    Why Personalfn? | Why Equitymaster? | Terms of Use | Contact Us | About Us