Full Site Search  
Sun Jan 22, 2017 05:15:05 IST
Advanced Search
×
News Super Search
News Entry#:
Search Phrase:

Member:
Posting Date From:
Posting Date To:
Category:
Zone:
Language:
IR Press Release:

Trains in the News    Stations in the News   
Page#    2266 news entries  <<prev  next>>
  
Oct 01 2016 (08:02)  Winter session may begin on Nov. 12 (www.thehindu.com)
back to top
Rail Budget

News Entry# 281808     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Finance Ministry moves proposal to present budget on February 1
The Finance Ministry wrote earlier this week to Lok Sabha Speaker Sumitra Mahajan, proposing a new Parliamentary calendar and seeking to present the Union Budget on February 1 every year.
As per the schedule proposed, Parliament is to be reconvened for the winter session from November 12. The Ministry plans to introduce bills for rolling out the Central Goods & Services Tax and the Inter-State Goods & Services Tax during this session and has set a deadline of November 22 in the newly-constituted
...
more...
GST Council for finalising these Bills.
Budget session in January
The winter session will end by December 12 and the budget session is to begin on January 12, 2017. After the presentation of the Budget by the Union Finance Minister, Parliament will go into the customary one-month recess between February 12 and March 12.
The second part of the session will end on March 31, by when the budget exercise will be completed.
A Ministry official said the final schedule could change by a day or so. After approval from Ms. Mahajan, the new Parliamentary calendar will also be sent to the Cabinet Committee on Parliamentary Affairs for its approval.
“We will work towards completing the discussions on Ministry-wise demands for grants, including Railways, within four weeks instead of the usual six,” Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi told The Hindu after a meeting on Wednesday with Union Finance Minister Arun Jaitley.
In a meeting on September 21, the Union Cabinet gave its approval for merging the Rail and General budgets from 2017. It also allowed the Ministry to advance the date of presentation (from the conventional last working day of February) to ensure completion of the budget exercise before the start of the new financial year on April 1.
Announcing the decision, Finance Minister Arun Jaitley said the new date for budget presentation would be announced keeping in view the Assembly elections to be held next year in a number of States.
  
Sep 30 2016 (17:31)  Budget merger may need Parliament’s nod (www.thehindu.com)
back to top
Rail Budget

News Entry# 281751     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Centre has not consulted Parliament, Opposition says
The Centre may have to pass a resolution in Parliament in the upcoming session to finally put an end to the practice of presenting a separate Rail Budget, senior Railway Ministry officials said.
Although the Constitution does not provide for a separate Rail Budget, it was separated from general finances after a resolution was passed in the Legislative Assembly (now Parliament) based on the recommendations made by the Acworth Committee in 1921.
“Based
...
more...
on the recommendations made by Acworth Committee, it was decided that the separation of Railway Finances be effected by means of a Convention to be laid before the Legislative Assembly (now Parliament), in the form of a resolution, and that the Assembly be asked to agree to it,” the official said, on conditions of anonymity. The matter was placed before the House, which voted the Convention resolution of 1924, the official added.
Unilateral step
“Presentation of a separate Budget is more of a matter of Convention than any rule. Government decided to introduce a resolution to do this,” the official said.
After the Union Cabinet approved merger of railway and general Budget, opposition parties attacked the government for not consulting the Parliament.
“The decision by the Union Cabinet to merge the Railway Budget with the General Budget is a unilateral step taken without a discussion in parliament. It was the Parliament which was empowered to discuss railway finances and development,” Communist Part of India (Marxist) had said in a press statement.
Former Railway Minister Dinesh Trivedi had also said that the “Parliament was not taken into confidence.”
“…the State, should get a fair and stable return from the money it has spent on its Railways; but if you go further, if you take from the Railways more than that fair return, then you are indulging in a concealed way in one of the most vicious forms of taxation, namely a tax on transportation.
“One of the objects we have most at heart in putting these proposals before this House is to establish that principle,” the government had stated when the proposal for resolution was presented to 1924 Assembly.
CPI-M said Parliament is empowered to discuss railway finances and development
  
Sep 29 2016 (06:52)  CENTRAL EXPENDITURE TO BE REDUCED (dated September 29, 1966) (www.thehindu.com)
back to top
Rail Budget

News Entry# 281586     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
The Union Cabinet to-day [September 28, New Delhi] decided to cut the Central expenditure for the current financial year by Rs. 101 crores. This will include a cut by Rs. 24 crores in the revenue expenditure, Rs. 67 crores in the capital expenditure and Rs. 10 crores on Railway’s capital expenditure. No major project will be affected, an official spokesman said. The Cabinet took these decisions after considering the report of the Secretaries Committee which had suggested detailed measures to reduce expenditure.
  
Sep 28 2016 (06:50)  ‘Report on reforms before next Parliament session’ (www.thehindu.com)
back to top
Rail Budget

News Entry# 281456     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Chairman of the Parliamentary Standing Committee on Finance, M. Veerappa Moily, said here on Tuesday that the committee would give its report on the ramifications of the Union Cabinet’s decision on merging the Railway Budget with the General Budget, before the the next Parliament session.
Speaking to presspersons on the sidelines of a function here, he said that the committee would examine its implications on the Railways, the Railway Board, Statistics, Planning and Finance ministries. The committee would have at least three sittings. Mr. Moily said that the matter would be discussed with the Statistics and Planning ministries on September 29. Later. it would be taken up with the Finance Ministry and the Railway Board.
  
Sep 27 2016 (06:48)  Cabinet’s formal nod to be sought for Budget on Feb. 1 (www.thehindu.com)
back to top
Rail Budget

News Entry# 281323   Blog Entry# 2003264     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
The Finance Ministry has settled on February 1 as the new date for the presentation of the Union Budget, with the decision expected to be placed before the Cabinet for formal approval “soon”, a senior official of the Ministry told The Hindu .
The Cabinet had last week approved the merger of the railway budget with the general budget and had given an in-principle nod for presenting the Budget earlier than February 28.
“We have decided the date for the Budget to be February 1,” the Finance Ministry official, who did not wish
...
more...
to be identified, said. “The formal process of approval by the Cabinet will take place soon.”
The idea behind bringing forward the Budget date, according to the government, is so that ministries and state governments can begin disbursing funds from the beginning of the financial year. At the moment, with the Budget being presented at the end of February, several processes, including the vote on account, result in states being able to disburse funds only by late May. Advancing the Budget date will allow them to release funds by April.
“The Department (of Economic Affairs) has held extensive consultations with the financial advisers of various ministries and departments and the revised calendar has been drawn up,” Economic Affairs Shaktikanta Das told reporters last week. “There is a state of preparedness already in place.”
The decision to change the Budget date, and correspondingly the dates of the Budget session of Parliament, does not require Parliamentary approval, according to M.R. Madhavan, co-founder and current President of the think-tank PRS Legislative Research.
“The decision to change the Budget date is a Cabinet decision,” Mr. Madhavan said. “The Cabinet advises the President and the President summons Parliament. The Parliament has no say on when it meets, the government decides that. This is very clear in the Constitution.”
The government is also reported to be in talks with the Election Commission to make sure that the presentation of the Budget does not clash with the assembly elections that are due to be held next year in States including Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.
The Ministry of Finance released the Budget circular for the 2017-18 Budget on September 23.
The Cabinet had also approved the removal of the Plan and Non-Plan distinction in government accounts, something Finance Minister Arun Jaitley had proposed in his Budget speech this year.

  
1657 views
Sep 27 2016 (06:48)
rdb*^   30214 blog posts   354702 correct pred (79% accurate)
Re# 2003264-1            Tags   Past Edits
The Finance Ministry has settled on February 1 as the new date for the presentation of the Union Budget
  
Sep 25 2016 (22:11)  ‘Single Budget will ensure funds for all’ (www.thehindu.com)
back to top
Rail Budget

News Entry# 281194   Blog Entry# 2002137     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Union Minister of State for Railways Rajen Gohain on Friday said a single Budget will help the Ministry of Railways implement development projects all over the country as there would no longer be dearth of funds.
Mr. Gohain said that for long, the Ministry had to handle by itself all its expenditure. “Now, that responsibility will go to the government. Whatever funds are required for the development of railways will be provided by the government,” he said.
On dynamic pricing introduced in select trains, he said they were getting a positive response. Revenue
...
more...
was increasing very fast and it was implemented successfully.
On his interest in creating a luxury train in the Northeast, on the lines of ‘palace on wheels,’ Mr. Gohain, who hails from Assam, said they had to create a circuit first. “We have to discuss with all the Northeast States. They have to constitute a team. Indian Railway Catering and Tourism Corporation (IRCTC) will run the train and we are now thinking how to make it successful. We are trying to run one such train in the next few months,” he said.
On why Southern Railway did not operate luxury trains in Kerala and Tamil Nadu, he said there was a plan to have glass-topped coaches. Southern Railway General Manager, Vashishta Johri, who was present at the press meet, said IRCTC was in talks with States on their behalf.
Replying to a question on the proposal to install closed circuit television cameras in unreserved women compartments on the New Delhi—Thiruvananthapuram Kerala Express, Mr. Gohain said they were installing cameras at stations. Later, they be installed in compartments.
To a question about Railway Minister Suresh Prabhu’s ‘dream to cover one corner of India with another in 12 hours,’ Mr. Gohain said: “There is no harm in dreaming.” Later in the day, Mr. Gohain flagged off the first ‘Military Langar’ coach made at the Integral Coach Factory, Perambur. The ICF has bagged an order from the Ministry of Defence to make 32 such coaches to help prepare and supply food to soldiers.
Minister of State for Railways says there is good response to dynamic pricing in select trains

  
Sep 25 2016 (22:15)
rdb*^   30214 blog posts   354702 correct pred (79% accurate)
Re# 2002137-1            Tags   Past Edits
SPICK AND SPAN:The brand-new military langer coach, which was commissioned by Union Minister of State for Railways Rajen Gohain and S. Mani, General Manager, ICF, in Chennai on Friday.— PHOTO: M. PRABHU
Mr. Gohain flagged off the first ‘Military Langar’ coach made at the Integral Coach Factory, Perambur. The ICF has bagged an order from the Ministry of Defence to make 32 such coaches to help prepare and supply food to soldiers.
  
Sep 25 2016 (20:40)  Finance Ministry begins Budget exercise (www.thehindu.com)
back to top
Rail Budget

News Entry# 281168     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Issues circular;inter-ministerial meetings from Oct 17
Our Bureau
Kick-starting the Budget-making process for 2017-18, the Finance Ministry on Friday issued the Budget circular highlighting the fresh changes in government accounts that would come into effect from next fiscal.
This includes the advancement of the Budget process and the merger in the distinction of Plan and Non-Plan expenditure.
“With
...
more...
the removal of this artificial distinction it is expected that the link between spending and outcomes will improve and become more holistic and focused,” it said, adding that there will be no Five-Year Plan, post the 12th Plan.
The Cabinet had earlier this week approved the proposal to advance the General Budget by a month in order to ensure that it is completed by March 31. It has also cleared the proposal to scrap the distinction between Plan and Non Plan expenditure and merge the Railway Budget with the General Budget.
Along with other nodal ministries, the circular has also been sent to the Financial Commissioner Railways to use the prescribed format for sending its estimates.
All spending classification will be in terms of revenue and capital account. in place of earlier Plan resource estimation, the Ministry of Finance will carry out resource estimation for funding of various Central schemes and programmes as well as central funding for States and UT schemes and programmes in line with the Vision document prepared by the NITI Aayog.
“The budgeting exercise will shift towards a medium term framework to give greater predictability to Ministries about resource availability,” the Ministry further said, adding that all Budgetary allocations would now be made in terms of the Medium Term Expenditure Framework.
Laying out the Budgetary time-line, the Finance Ministry said that nodal departments may submit the Revised Estimates of revenue and expenditure for the current fiscal and the Budget Estimates for 2017-18 by October 10.
  
Sep 25 2016 (20:37)  Minister: Budgets merger will bring more funds to Railways (www.thehindu.com)
back to top
Rail BudgetSR/Southern  -  

News Entry# 281164     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Development works will get a boost’
Our Bureau
The Centre’s decision to merge the Railway Budget with the Union Budget will facilitate better allocation of funds for the Railways, according to Rajen Gohain, Union Minister of State for Railways.
At present, the Railways needs to generate its own funds, which is a major challenge. Railways Minister Suresh Prabhu has announced various development projects for
...
more...
Railways, and this requires large funds that will now be allocated from the Union Budget, he told newspersons on his first visit to Chennai after taking over as minister.
Discussions
Gohain said he had a series of discussions with officials of the Southern Railway and representatives from various unions on various issues.
The minister said work on commissioning of 5th and 6th lines between Basin Bridge and Moore Market Complex is going on in full swing. Work on Tambaram terminal is expected to be completed soon.
On the 60-km doubling in the Villupurm-Dindigul section and 17 km of the 4th line between Tiruvallur and Tiruvalangadu have been commissioned. The remaining doubling of 113 km between Villupuram and Dindigul will be completed this year, he said.
The full stretch between Madurai and Chennai will have double line electrified track.
Rail safety
A press release said that to strengthen safety, it has been planned to commission an integrated emergency response management system at a cost of Rs. 70 crore, covering 136 stations under the Nirbhaya Fund. To prevent crime against passengers, 537 mail/express trains are escorted daily by 1,121 Railway Protection Force personnel.
  
Sep 23 2016 (19:17)  Crucial panel looking into Railways' finances goes (www.thehindu.com)
back to top
Rail Budget

News Entry# 281002     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
Scrapping of RCC that will end dividend payment to Finance Ministry will help to increase investments in track renewal, maintenance, station improvement and passenger amenities, says a top Railway Ministry official.
As the government decides to merge the Railway budget and the General budget, Union Cabinet on Wednesday scrapped the Railway Convention Committee (RCC), which determines the rate of dividend to be paid to the Finance Ministry, Railway Ministry sources said.
The Committee consisted of 18 members — 12 members of the Lok Sabha and six of the Rajya Sabha. Both the Ministers
...
more...
of Railways and Finance were its nominated members. It was constituted in 1949 with the primary role of determining the rate of dividend, modalities of its payment and exemptions. It took on a wider role of examining various subjects related to the working of the Railways and its finances since 1971.
The Cabinet decided on Wednesday that the Railways will not pay dividend to the Finance Ministry for the capital invested in it beginning 2017-18. “Since dividend will no longer be paid, the RCC has been scrapped,” Railway Ministry officials said.
In 2016-17, the Railways were budgeted to pay Rs. 9,731 crore as dividend, whereas the subsidy claimed by the Railways towards loss-making routes was estimated at Rs. 4,301 crore. The net dividend payment to the Finance Ministry was estimated at Rs. 5,430 crore.
“The relief on this count will help us increase investments in track renewal, maintenance, station improvement and passenger amenities,” a top Railway Ministry official said.
However, pension will continue to be a liability of the Railways. In 2016-17, while the pension Bill is pegged at Rs. 45,500 crore, the wage Bill stands at Rs. 70,125 crore. ''The Railways will also bear the social commitment obligation by way of concessions or subsidised travel,” another official said.
  
Sep 23 2016 (07:17)  No more rail budget (www.thehindu.com)
back to top
Rail Budget

News Entry# 280911     
   Tags   Past Edits
This is a new feature showing past edits to this News Post.

Posted by: rdb*^  124909 news posts
The Railway Budget becoming a part of the General Budget is just like transferring water contained in a smaller vessel to a bigger one. There is nothing more to this (“Centre to do away with rail budget from next year”, Sept. 22 ). The only notable factor is that the Railway Ministry has lost its 92-year-old privilege of presenting a separate Railway Budget. The anxiety that the merger would pave way for privatisation of the Indian Railways is baseless as the Cabinet is competent to implement it even if it is part of the General Budget.
B. Prabha,
Varkala,
...
more...
Kerala
Advancing the presentation of the Budget to allow Parliament to vote on tax and spending proposals before the beginning of the new financial year on April 1 is a good idea. It will turn the focus back to the Indian Railways’ crying need to boost its capital expenditure over the next few years. I understand that the demand for merging the Railway Budget with the General Budget had come from the Railways Minister as a solution to addressing the railways’ revenue deficit and capital expenditure needs. Having given away its budgeting powers, the Railways will now have to show the resolve for implementing reforms if it expects the Finance Ministry to loosen its purse strings.
C. Seshagiri,
Mysuru
The origin of the Railway Budget can be traced to the Acworth Committee, appointed in the early 1920s, to deal with railway finances (“Railway Budget, a vanishing trick”, Sept. 22). It was only after careful study that a separate Rail Budget was proposed.
Integrating the Railway Budget with the General Budget in the name of reforms is tantamount to ignoring the true course of historical facts.
N. Sadasivan Pillai,
Kollam, Kerala
Page#    2266 news entries  <<prev  next>>

Scroll to Top
Scroll to Bottom


Go to Desktop site