Railway Budget 2015-16: Live Updates

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Indian Railways Minister, Suresh Prabhu is presenting the Railway Budget 2015-16. Here are live updates of the same.

1:15 pm

Railways to offer coaches in select destinations to travel agencies thru revenue-share model to boost tourism and job creation.

1:12 PM

Investment in Railways is imperative for environment sustainable development as fuel intensity of railways is much lower, says Suresh Prabhu.

1:10 pm

To impart soft skills to our staff we intend to impart regular training to our staff: Suresh Prabhu

1:07 pm

Rail Min: Encroachments on railway lands is a serious offence, digitized mapping of land has been initiated to counter this, says Minister.

1:06 pm

Business as usual of asking for budgetary support from Finance Ministry is neither sustainable nor necessary, says Suresh Prabhu.

1:10 pm

Process & procedures simplified to prevent delays; internal audit of Rly system. 

1:05 pm

JV with major public sector companies for meeting requirements of new lines. 

1:00 pm

To avert accidents, audio-Visual warnings at unmanned level crossings to be implemented.

12:57 pm

Malaviya Chair at IIT/BHU for Railway technology. 

12:55 pm

Suresh Prabhu: Railway to move to paperless ticketing, to introduce hand held device for TTEs.

12:52 pm

Speedier Railway- 9 hi-speed corridors, high speed trains and make in India are opportunities, says Suresh Prabhu. 

12:51 pm

Private freight terminals reviewing of WLS, SFTO, PFT schemes under process. 

12:49 pm

Wi-Fi to be provided in 400 stations, says Suresh Prabhu.

12:47 pm

Rail Minister says that a 1330 per cent increase in electrification has been done over the previous year.

12:45 pm

For the debottle necking - traffic facility works, 100 per cent more funds allocated. 

12:43 pm

Station to be redeveloped through simpler processes - faster redevelopment. Monitoring cell constituted.

12:40 pm

Railways to provide facility for online booking of wheelchair for senior citizens. 

12:38 pm

Rail Minister says that folding ladders to be introduced to climb the upper berths in coaches.

12:37 pm

Modern facilities for disabled citizens, senior citizens, patients through IRCTC

12:35 pm

Unreserved ticket purchase made simpler through smart phones; debit cards, Rail Minister.  

12:32 pm

Railways would tap the Nirbhaya fund for augmenting safer travel for women: Prabhu

12:30 pm

A 24X7 helpline "138" for customer complaints will start from March.

12:28 pm

Swachh Rail will be the driving force. Toilets need major improvement: Suresh Prabhu. 

12:25 pm

Operating ratio of the Railways proposed at 88.5 per cent.

12:20 pm

Transforming Railways will require us to partner with key stakeholders. We will work with the States: Suresh Prabhu.

12:16 pm

Over 20,000 suggestions received from people. Those that are feasible are being considered. Some are being implemented in this Budget.

12:15 pm

Suresh Prabhu says that Chronic under-investment has led to poor development of the Indian Railways.

12:10 pm

Suresh Prabhu stands to present Rail Budget. Thanks PM Narendra Modi.

12:05 pm

Markets are trading marginally lower ahead of the Rail Budget. Sensex is down 75 points in trade and Nifty 27 points.

11:55 am

"We will keep in mind long term interest of Railways & interests of common passenger & try to balance both", Railway Budget.

11:45 am

Where will the money for Railways expansion come from. Is it from a sharp hike in freight rates or passenger rates? We will have to wait and watch?

11:35 am

The Rail Minister arrives in parliament, even as the Lok Sabha is again disrupted. Lok Sabha now adjourned for another 15 minutes.

11:30 am

Stocks catering to the railways have gained some ground on hopes that there would be renewed investments in the Railways.

11:17 am

Not good news ahead of the Rail Budget. Lok Sabha now stands adjourned till 11.30 am. Ruckus in Rajya Sabha.

11:00 am

Railway Minister, Suresh Prabhu leaves Residence for Rail Bhavan.

10:51 am

After the drubbing in Delhi it would be interesting to see if the NDA govt recommends fare hikes in the Railway Budget.

10:44 am

Markets are trading lower, with the Sensex currently down 75 points. Markets may take cues from the Railway Budget on the government's likely thrust on reforms.

10:33 am

Amounts allocated for safety would be keenly watched, as deaths at unmanned level crossings has been a matter of concern.

10:20 am

The key for Railway Minister Suresh Prabhu today would be to find the resources to push infra growth required for the railways.

Railway Budget 2015-16: Live Updates
10:16 am 

Shares of companies providing services and products to the Railways are trading lower. Kalindee Rail, Texmaco, Stone India and Kernex were all trading lower.

Story first published: Thursday, February 26, 2015, 10:02 [IST]
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