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

    My Latest Stock Recommendation (Fast Profits Daily)

    Oct 9, 2020

    How I picked an exciting stock using trends from both the commodity and equity markets.

    Data is the New Oil but It's Also the New Sugar. Here's How to Fight it (Profit Hunter)

    Jun 1, 2020

    Is too much data hurting your quest for market beating returns?

    Quantum Mutual Fund: Hum woh nahi hain (The Honest Truth)

    Apr 29, 2020

    Ajit Dayal on how the mutual fund industry robs you of your wealth.

    This One Trigger Could Turnaround Yes Bank's Stock Price (The 5 Minute Wrapup)

    Oct 16, 2019

    If Yes Bank manages to do this, it could be the start of a much-needed turnaround for the bank.

    Gold could Hit 40,000 Sooner Than Expected (Profit Hunter)

    Aug 16, 2019

    Domestic gold prices are firing on both engines now. Gold prices could touch 40,000 faster than you could imagine.

    More Views on News

    Most Popular

    It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

    Feb 24, 2021

    Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

    Intraday Trading for a Living (Fast Profits Daily)

    Feb 15, 2021

    In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

    Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

    Feb 16, 2021

    A look at what India's top equity mutual funds bought and sold in January 2021.

    I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

    Feb 16, 2021

    Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

    More
     

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