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Rail Budget: BJP MP from Ahmedabad West constituency, Kirit Solanki, last year had sent a proposal to the ministry on shifting the WR headquarters to Gujarat. Similar demand was also made during the tenure of former Gujarat Chief Minister Narendra Modi. Mumbai is the headquarter of both the Western Railway and the Central Railway. (PTI)
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Rail Budget 2016 is all about 'yatri ki garima' (passengers pride), 'rail ki gati' (speed of railways) and 'desh ki pragati' (country's progress). The Railway Minister said three pillars of the strategy: Nav Arjan (New Revenues), Nav Manak (New Norms) and Nav Sanrachna (New Structures) have been laid out to reflect the new thought process. "We need to reorganize and rejuvenate," he added. Prabhu said co-operation, collaboration and communication are the hallmarks of Indian Railways' journey forward. (AP)
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Suresh Prabhu said this is a budget, which reflects the aspirations of each and every member of the Indian Railway's family. "A budget that reflects the aspirations of the common citizens of India. This is a budget that has been fashioned by a creative partnership: with ideas from my colleagues in Parliament, industry associations, commuter associations and practically all sections of the society. I would like to thank each one of you," he added. (AP)
Rail Budget 2016: Suresh Prabhu, who presented the Railway Budget for 2016-17 in the Parliament, said the government has in the past one year taken several measures to build the capacity of the organization to ensure readiness for the accelerated growth envisioned for the Indian Railways. "The outcome of this exercise has resulted in increased absorption of capital expenditure and reduced project sanction cycle," he added. (AP) -
Suresh Prabhu said, "Last year I had unveiled a medium term vision for the Railways, which set us this transformational journey for which we need to reorganise, restructure and rejuvenate this institution. We will revisit rules to revitalise the structure. We will innovate and optimize the way forward," he added. (AP)
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Suresh Prabhu said the India Railways have a saving of Rs 8,720 crore from the previous budget estimates. "We hope to generate revenues to the order of Rs. 1,84,820 crore," Prabhu said. "For 2016-17, the capital plan of Rs. 1.21 lakh crore is estimated," he added. (PTI)
