Railway Budget 2014: Highlights

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    Railway Budget 2014: Highlights
    Railway Minister Sadananda Gowda is presenting his Maiden Railway Budget. Here are live updates:

    1:15 pm: Ruckus in parliament over Rail Budget. House adjourned till 2 pm.

    1:12 pm: Government to make e-procurement compulsory for procurements over Rs 25 lakh.

    1:07 pm: Bangalore to get suburban trains. 

    1:06 pm: Monitoring of Eastern & Western Dedicated Freight Corridor Projects; Target of nearly 1000 kms of construction contracts.

    1:00 pm: Projects worth over Rs 20,000 are at various stages in Telangana and AP. Suggestions will be taken for economic development through Railways for this region.

    12:58 pm: 23 projects underway in the North-East, 11 of them national projects, says Rail Minister

    12:55 pm: Future E-Ticketing to support 7200 tickets per minute and to allow 120,000 simultaneous users.

    12:52 pm: Parcel traffic to be segregated, have separate terminals, says Gowda. 

    12:47 pm: To Have Diamond Quadrilateral Network for High-speed Trains, says Rail Minister. Mobile based wake-up call & updates for all passengers, wi-fi on major stations. 

    12:40 pm: Passenger impact: Women RPF constables to oversee women-only coaches to make travel for women safer. Security at trains will be increased by introducing 17,000 constables.

    12:37 pm: Passenger impact: Online booking facility of railway retiring rooms will be extended to all stations. Coin-operated automatic ticket vending machines will be experimented.

    12:33: PM: Passenger impact: Gowda proposes ready-to-eat meals from brands to be served in trains.

    12:33: pm: Passenger impact: Amenities like water supply, shelter, toilets and escalators for senior citizens to be provided.

    12:30 pm: FY 2015 total expenditure at Rs 1.49 lakh crore.

    12:30 pm: Expect freight traffic growth of 4.9% in FY 2015.

    12:28 pm: Spent Rs18,400 crore on doubling 5,050 km tracks in 10 years.

    12:23: pm: Seeking FDI in Railways except operations.

    12:21: pm: Railways need Rs 5 lakh crore to finish 359 unfinished projects.

    12: 18 PM: 676 projects sanctioned, but only 317 projects completed.

    12:15 pm: Railway FY 2014 operating ratio at 94%

    12:12 pm: Indian railways carry only 31% of the total freight in the country.

    12:10 pm: Sadananda Gowda rises to present his first Railway Budget amidst ruckus in Parliament.

    11:50 am: Stock markets are trading flat ahead of the Rail Budget. A visionary Budget may lead to a further rally in stocks.

    11:30 am: Sadanand Gowda tweets ahead of budget; hope to meet people's expectation.

    11:25 am: Rail Budget to be presented at 12 noon. A good 35 minutes to go.

    11:15 am: If there is an increase in freight costs it could lead to further escalation in costs of certain products.

    11:12 am: The ever smiling Sadananda Gowda poses for pictures outside Parliament.

    11:07 am: Funding to meet the expenses of the Railways will be the biggest challenge.

    10:40 am: Shares in companies catering to the Railways are trading lower. Sensex, Nifty are down marginally ahead of the Railway Budget.

    10:25 am: Railway minister says he cannot promise an immediate smile for travellers.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more