Do Indian Railways a favour, scrap Rail Budget; here’s why

By: | Updated: June 29, 2016 10:16 AM

Tweet: Finally—NITI Aayog tells PMO what many have said over the yrs—that the Rly Budget day is a colonial hangover &serves no useful purpose.

InfratweetsTweet: Finally—NITI Aayog tells PMO what many have said over the yrs—that the Rly Budget day is a colonial hangover & serves no useful purpose.

Tweet: Finally—NITI Aayog tells PMO what many have said over the yrs—that the Rly Budget day is a colonial hangover &serves no useful purpose.

Railway Budget to be phased out?
The practice of having a separate Budget for the Railways has become an excuse for the government to announce populist measures, says the NITI Aayog. It has called for the railways ministry to react with more flexibility rather than wait for the annual Budget exercise to make its announcements.

Tweet: Good going. @PiyushGoyal announces that Transmission sector added lines @69 kms/day in last 2 yrs vis-a-vis @46 kms/day in 2012-14 period.

Transmission sector on the upswing
The improved pace of project implementation has transformed the transmission sector into a promising new investment destination. Industry players expect the trend to continue for the next two to three years as a result of the government’s proactive policies such as the UDAY scheme.

Tweet: Report on Issues of Coastal Regulation Zone 2011 (submitted to Govt in Jan 2015) now finally in public domain. Eminently practical reccos.

Coastal regulation report released
The Report of the Committee to Review the Issues relating to the Coastal Regulation Zone, 2011, has proposed that housing infrastructure and slum redevelopment activities, tourism, ports, harbour and fisheries-related activities be allowed in coastal regulation zones.

Tweet: 100% automatic FDI for “brownfield” airports no doubt useful for future modernisation, but currently most useful for facilitating exits.

Aviation benefits from 100% regime
In order to attract more funds into the aviation sector, the government has permitted 100% FDI under automatic route in Brownfield Airport projects. For Scheduled Air Transport Service/Domestic Scheduled Passenger Airline and regional Air Transport Services, FDI limit has been raised to 100% with 49% permitted in the automatic route.

Tweet: Ahd-Mum Bullet Train now gets its Mumbai terminal in commercial heartland as Maha Govt withdraws objection to BKC location. Welcome devpt.

Bullet train terminus in BKC to be approved
The Maharashtra government is likely to approve the Railway Board’s plan to build the bullet train terminus in the Bandra Kurla Complex. Apparently, the earlier objections were due to the perception that it would hamper the prospects of the International Financial Services Centre which is being built by the state.

Tweet: Sensible: Coal Secy @swarup58 says allocation of mines to state entities will test the market prior to allowing pvt commercial mining.

Coal ministry’s new strategy
In a landmark move, the coal ministry is exploring market-determined prices for coal. After allocation of 16 mines to state government-owned companies, there will be no restriction on where the coal is sold from these mines and their price tags.

Tweet: Traction: 10 states signed UDAY agreement. 9 more hv indicated consent. Sensible of Govt to not close scheme, but extend till 31 March 17.

UDAY deadline extended
The Cabinet’s decision to extend the deadline for signing the UDAY (Ujwal Discom Assurance Yojana) agreement by one year has given the states a much-needed breather to do their own financial restructuring. It also indicates that the government expects more states to join the scheme.

Tweet: TOI: Delhi = 27.9 lac pvt cars against Mumbai 8.6. But Delhi = 30,000 km road length against Mumbai’s 2,000. So cars/km far better in Delhi.

Mumbai’s car population: Bursting at the seams
Mumbai has the highest density of private cars among all Indian metros—at 430 cars per kilometre—compared to Kolkata’s 308, Pune’s 248 and Delhi’s 93. According to figures compiled by the state transport ministries, 172 cars are being added to Mumbai daily, while the road length has remained at 2,000 km.

—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition