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Sunday, February 27, 2005

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IA enters market to dry lease 12 aircraft
INDIAN Airlines (IA) has entered the global lease market to dry lease up to 12 wide-body aircraft. The airline is to choose from among five varieties of aircraft including the Airbus A-330, A-310-300 and A-340 as also the Boeing 767 (Extended ... More


Lalu remains soft on rail users
Goods tariff recast; commodity groups cut to 80

IN keeping with his populist image, the Railway Minister, Mr Lalu Prasad, has yet again refrained from raising passenger fares, while marginally tinkering with the freight rate structure in his Railway Budget for 2005-06. While the voting for ... More

Industry upbeat on Lalu's plans
CORPORATE India was upbeat on several proposals in this year's Railway Budget. The dairy industry was especially happy on the proposal to reduce the haulage charges for privately-owned rail milk tankers by Rs 4 per vehicle-kilometre to Rs 20. ... More

Highlights of Railway Budget 2005-06
The following are the highlights of the Railway Budget 2005-06 presented by the Railway Minister, Mr Lalu Prasad, in the Lok Sabha on Saturday: Introduction

  • Railways to initiate a gamut of ... More

    RailTel to foray into broadband, long distance telephony
    RAILWAY'S telecom venture, RailTel Corporation, is embarking on a major expansion plan into the broadband and long distance telephony segment. The company is planning to increase its optic fibre cable network from 26,000-route km to 40,000 km ... More

    Nothing to help passengers, railway network: BJP
    THE Opposition Bharatiya Janata Party today criticised the Railway Budget by saying that it does not do anything for improving the situation of the common passenger and the functioning of the railway network. Talking to reporters after the ... More

    To tide over wagon crunch — Railways to focus on faster turnaround time
    THE Indian Railways has decided to improve the turnaround time of wagons in a bid to tide over the wagon crunch. "The turnaround time of wagons has reduced from 7 days to 6.3 days. This means for carrying the same level of traffic we require 10 ... More

    Express ideas, but no back-up
    THE Railway Minister, Mr Lalu Prasad, has once again demonstrated his facile economics by refraining from jacking up either passenger fare or freight fare, though his rationalisation of the goods tariff by pruning the 4,000 commodities into only ... More

    Dividend payments: The `unresolved dilemma'
    EVEN as the Railways is to fork out a dividend of Rs 3,938 crore to the Centre during the coming fiscal, a big question mark remains on the nature of these payments. This, in turn, springs from the `unresolved dilemma' over whether the capital ... More

    Apex chambers give green signal
    THE Railway Budget presented by the Railway Minister, Mr Lalu Prasad, on Saturday was given a green signal by India Inc. Describing the Budget as freight-customer friendly and innovative, the President of the Federation of Indian Chambers of ... More

    Exchequer dependence on financing Rail Plan on the rise
    THE Railways' dependence on the exchequer to finance its Plan investments has gone up significantly in recent years. During the coming fiscal, over 47 per cent of the proposed Plan size of Rs 15,349 crore will be financed through budget ... More

    Lalu won't bite bullet; no fare hike yet again
    FOR a third successive year in running, there is no increase in rail passenger fares or an effort at `rebalancing' tariffs, currently highly biased in favour of lower classes. Mr Lalu Prasad's Rail Budget for 2005-06 is no different from the ... More

    Commodities freight charges to be on volume basis
    IN an attempt to use its existing freight capacity better, the Indian Railways has decided to move to a new system of charging commodities on a volume (total wagon capacity) basis. This is against the existing system of charging users on the ... More

    Container movement opened up to private players
    TO cater to the growing container traffic estimated at 15 per cent annually, the Railways has decided to allow entities other than State-owned Container Corporation of India (Concor) to run container trains, the Railway Minister, Mr Lalu Prasad ... More

    Budget ka path often poetry ke saath
    AS expected, Lalu's Rail Budget speech did a few whistle-stops to bring in some literary flair to an otherwise tiring harangue. First one came soon after the Minister thundered, "we will not remain content" though "financial performance has been ... More


    `Freight initiatives to bring back traffic'
    THE crux of the 2005-06 Rail Budget is "to gear ourselves for the incremental loading of another 35 million tonnes for the third successive year and to ensure that the throughput enhancement works are completed", says the Financial ... More
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  • Economic Survey 2004-2005

    Mid-term Credit Policy Review for 2004-05

    Foreign Trade Policy 2004-09

    Pick a Winner Stock Market Contest

    Top Stories
    Gold retail investment demand remains strong

    Drug cos hope to cash in on anti-tobacco drives

    Cotton yarn exports begin to dip as made-ups make headway

    UP, Bihar get 30 pc of tax devolutions

    In Focus

    Using forex for infrastructure
    Soaring sugar prices
    Killer Tsunami
    Press Note 18

    In Depth
    Insurance Corner
    Simple Economics
    Tax Talk
    NRIs & Investment Avenues

    Looking back
    Feb. 20-Feb. 26
    CCTL workers' strike threat — Shippers worried about cargo pile-up

    DEA data on railway system reveals paradox

    Rlys working out ways to increase freight volumes

    Railways: Making it the beast of burden

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