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Rail Budget 2016: The Railway Budget for 2016-17 today spared passengers and goods movement from any increase in tariffs while it announced introduction of three new superfast trains and creation of dedicated north-south, east-west and east coast freight corridors by 2019. (Graphs: PTI)
Rail Budget 2016: Presenting his second Budget in the Lok Sabha, Railway Minister Suresh Prabhu promised rationalising of the tariff structure by undertaking a review to evolve competitive rates vis-a-vis other modes of transport and to expand the freight basket as a means of additional revenue mobilisation. (Graphs: PTI) -
Rail Budget 2016: Unlike last year when he tweaked freight rates, Prabhu made no changes either in passenger fares or freight rates. The three new superfast trains announced by him include 'Humsafar' which will be a fully air-conditioned 3AC service with option of meals. 'Tejas' will showcase the future of train travel in India with speeds up to 130 km per hour with onboard services such as entertainment, local cuisine and wifi. (Graphs: PTI)
Economic Survey 2016: Ahead of the Union Budget, the Economic Survey today termed external environment as challenging but projected a 7-7.5 per cent GDP growth rate in the next fiscal which could accelerate to eight per cent in a couple of years. (Graphs: PTI)
‘No client investments or funds involved,’ says Marcellus CEO after CFO Pankaj Gupta booked for Rs 1.18 cr fraud
