Rail Budget LIVE: NDA Govt to Present its Rail Budget Today

Catch the in-depth live coverage of Modi government’s first Railway Budget. Stay with GetDistributors.com Live Blog for latest updates on Rail Budget 2014 to be presented by railway minister Sadananda Gowda on July 8, 2014:

Railway Budget

01:51 pm: Government to spend $10.95 billion on railways in 2014-15

01:50 pm: Railway Minister on revamping railway reservation system

01:48 pm: Online registration of wagons will be launched in 2 months: Gowda

01:47 pm:Der aaye, durst aaye’: PM Narendra Modi on Rail Budget

01:46 pm: Railway Budget 2014 integrates the best of technology, PM says

01:44 pm: For the first time, there is holistic Railway Budget of modern India: PM Modi

01:41 pm: Institutional mechanism needs to be created, this Railway Budget gives strength to that: PM

01:39 pm: PM Railway Budget focuses on transparency and development: Modi

01:39 pm: PM Narendra Modi is giving his reactions on the Railway Budget.

01:26 pm: Special trains for pilgrims circuits, Gowda says

01:30 pm: Bullet trains on Mumbai-Ahmedabad route: Gowda

bullet train

01:17 pm: Rail Minister says ministry is in losses so how will the proposed modernisation take place, asks Mayawati.

01:16 pm: BSP chief Mayawati attacks Sadananda Gowda over high-speed trains.

01:13 pm: Lok Sabha adjourned till 2 pm after uproar.

01:10 pm: New trains in Rail Budget: 5 Jansadharan, 5 Premium, 6 AC, 27 express trains, 8 passenger, 5 DEMU & 2 MEMU services; 11 train extensions.

01:07pm: 27 express trains to be introduced, 5 new Jansadharan trains to be introduced says Sadananda Gowda.

01:04 pm: 29 rail projects in Andhra Pradesh and Telangana with Rs 20,680 crores will be completed: Sadananda Gowda.

01:00 pm: To provide summer internships to undergraduate students from engineering background: Sadananda Gowda.

12:55 pm: Solar energy to be harnessed through PPP by utilizing rooftop spaces of stations and railway buildings-Sadananda Gowda.

12:54 pm: Sadananda Gowda announces decision to launch diamond quadrilateral of high speed trains.

12:53 pm: Will develop 10 metro stations with state-of-the-art facilities says Gowda.

12:50 pm: I propose WiFi systems on all A1 category stations: Sadananda Gowda.

12:47 pm: To allot Rs 1,780 Crore to eliminate unmanned level crossings: Sadananda Gowda.

12:46 pm: I propose retiring rooms on all stations: Sadananda Gowda.

railway_AP

12:46 pm: Efforts will be made to increase the speed of trains to 160-200 km on selected sectors: Sadananda Gowda.

12:43 pm: 4,000 women RPF personnel will be deployed: Sadananda Gowda.

12:42 pm: Ticket bookings through post offices and mobile phones will be popularised, also coin operated ticket machines: Sadananda Gowda.

12:41 pm: Severe action to be taken against vendors delivering unhygienic food, including cancellation of contracts-Sadananda Gowda. cctv_camera_1246861c

12:40 pm: CCTVs at stations will be used to monitor cleaning activities: Sadananda Gowda.

12:39 pm: Will introduce RO drinking water in trains and on stations: Sadananda Gowda.

12:38 pm: Propose to outsource cleaning responsibility on 50 stations to specialist cleaning agencies: Sadananda Gowda.

12:37 pm: Want battery operated cars for senior citizens at railway stations: Sadananda Gowda.

12:36 pm: I propose to introduce pre-cooked and ready to eat meals of reputed brands: Sadananda Gowda.

12:35 pm: Through PPP route want to provide foot-over bridges, escalators and lifts across all stations: Sadananda Gowda.

12:34 pm: Share of Railways in freight traffic came down consistently: Gowda.

12:33 pm: Surplus revenues declining. Hardly any resources for development works. Rs 5 lakh crore required for ongoing projects alone: Gowda.

12:32 pm: Gross traffic receipts in 2013-14 was Rs 12,35,558 crore, operating ratio was 94 %: Sadananda Gowda.

12:31 pm: Surplus revenues declining. Hardly any resources for development work: Sadananda Gowda.

12:30 pm: Need Rs 50,000 crore every year for the next ten years for Railways: Sadananda Gowda.

12:29 pm: Ministry of Railways is seeking Cabinet approval for FDI in Railways, except Railway operations: Gowda.

12:28 pm: Need to have private-public partnership to improve condition of Railways: Sadananda Gowda.

12:25 pm: The medicine may act bitter in the beginning but will be a nectar in the end: Sadananda Gowda.

12:24 pm: Managing the Railways takes most of our resources. We spend 94 per cent of our earnings, are left with just 6 per cent: Sadananda Gowda.

12:23 pm: There had been focus on sanctioning projects rather than completing them: Gowda.

12:22 pm: There are 4 projects that are over 30 years old but have still not been completed: Gowda.

12:20 pm: Need to balance social and commercial obligations: Sadananda Gowda.

12:17 pm: Our target will be becoming the largest freight carrier in the world: Sadananda Gowda.

12:15 pm: Flooded with requests for better facilities and new trains

12:14 pm: I owe this opportunity to the people of India says Gowda.

train-3

12:11 pm: Railways is a microcosm of India on the move: Sadananda Gowda

12:11 pm: Thankful to PM Modi for having reposed his faith in me: Sadananda Gowda.

12:10 pm: Railway Minister Sadananda Gowda starts his budget speech.

10:58 am: It would take 5 to 7 years for it to launch even if we start work on bullet trains today it but we must dream: Tilak Seth, CII.

10:49 am: “Going to present my maiden budget as a rail minister of India today. Hope we are able to meet public expectations,” : Railway Minister Sadananda Gowda.

10:46 am: Railway-related stocks fall ahead of budget speech.

09:54 am: Sensex hits new high of 26,190.44 ahead of Railway Budget.

09:45 am:: Prime Minister Narendra Modi has promised to modernize India’s railways and build high-speed engines befitting Asia’s third-largest economy.

09:36 am: Topping the agenda will be high speed trains.The new Railway Minister Sadananda Gowda’s speech will indicate how funds will be raised for this highly capital intensive endeavour and was the main factor for the previous Government’s low key approach to the issue.

09:34 am: With the rail fares already hiked, the stage is now set for the Rail Budget on Tuesday to unveil through a mix of symbolism and policy announcements, the Modi Government’s trajectory for the future of the railways.

09:17 am: Putting railways on track top priority: Sadananda Gowda

09:10 am: Rail Budget: Expect railway minister to put reforms on track

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