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AIRLINES
Railways not yet a threat to airlines
Despite attempts to wean away passengers from each other, rail and air travel in the country continue to be as different as chalk and cheese. While the low cost airlines boast of rock-bottom prices, these, in effect, are few and far between. On ... More

Cholamandalam wins bid for non-aviation cover to Air India
The airline expects fierce competition between the public and private sector insurers for aviation-related business also. More

INSIGHT
All signals green for a Railways on the move
Reducing passenger fares across-the-board and maintaining freight tariffs at existing levels reflect the improved financial position and the confidence in garnering traffic in a booming economy. More

Rail Budget — A pull for industry
If there was one word that was coming through constantly in the Railway budget, it was investment. The Railways will be investing massively in shoring up and creating new capacities across all areas. More

Railway Budget 2007-08 — On track to fuel growth, de-rail inflation
The Rail Budget is well-focussed on the need to contain inflation, equip the system for future growth and make it comparable to any other in the world. While the freight sector initiative and the investment strategy appear to be in the right directio n, the fare cut across the board may be a source for concern, says VIJAYALAKSHMI VISWANATHAN. More

NEWS ANALYSIS
A beginning to improve stability with diversified goods traffic
If the Railways were to really enter into big business such as developing high-speed passenger corridors through public-private partnership, the incentives that are to be deployed need to be reasonably attractive. More

SHIPPING
Vizag port crosses 50-mt mark again
Visakhapatnam port crossed the 50-million tonne mark this week for the third year in succession and the port is projected to handle 57-58 mt of cargo by the end of the financial year against a target of 61 mt set by the Union Ministry of ... More

RAILWAY BUDGET
Rail travel still cheaper than airlines
Despite low fare offers by some domestic airlines, rail travel continues to be cheaper in the country. According to sources, the cheap airfares on offer are only a handful whereas the average air travel continues to be expensive. However, ... More

Indian Chambers hail Rlys' move to tie up with steel industries
Various chambers of commerce and industry have hailed the Railway Budget, saying that the heavy accent on infrastructure development with a view to improving freight movement and passenger amenities is most welcome. Mr K. Retnam, President ... More

`Iron ore freight cut may not lower steel prices'
The reduction in iron ore freight rates by 6 per cent in the Railway Budget is unlikely to have any immediate impact on steel prices. Steel makers are not likely to lower steel prices in the wake of the reduction in freight, as they feel that ... More

Freight cut on petro products unlikely to impact prices
Move unlikely to translate into any significant price cut More

Hand-held computer devices for ticket examiners
In an attempt to make seat allocation transparent and efficient, the Railways has proposed to provide the travelling ticket examiners (TTE) hand-held computer terminals on four pairs of trains next year as a pilot project. Hence, instead of ... More

Freight rate on minerals, ores cut by 6%
The Railway Budget for 2007-08 has reduced the freight rate on all minerals including iron ore, limestone and dolomite by around six per cent. This has been done through reclassification of these materials from their existing classification of ... More

A move to tackle inflation
Private players key to attain container traffic target More

Private wagon makers welcome Rail Budget
A real challenge: Texmaco chief More

Discount for loading cement in empty wagons
The Indian Railways is planning to consolidate on its increasing cement freight shipments, with the Railway Minister, Mr Lalu Prasad, announcing discount of up to 40 per cent on incremental loading of cement bags in empty flow direction. The ... More

India Inc welcomes `hi-tech' Budget
Boost to R&D, steel, cement sectors More

Railways offers to run merry-go-round systems for cos
The Indian Railways has invited companies to enter into service-level agreements with it for running of Merry Go Round (MGR) systems. MGR systems are essentially rail tracks laid by companies, mainly power sector players, to transport coal within ... More

Focus on increasing capacity of rolling stock
The Railways plans to take several steps to increase capacity of its rolling stock - both in freight and passenger segment. In the freight segment, it would acquire lighter wagons, move more double stack containers and try moving ... More

SAIL to save Rs 70 cr from freight rate cut: Roongta
`Dedicated freight corridors, a positive step' More

Rlys urged to deploy profit in new projects
The Union Railway Minister, Mr Lalu Yadav, has been urged to use the Rs 20,000-crore profit earned by the railways in development and identification of new projects. Mr Giridhar Prabhu, Chairman of the Sub-Committee on Large Scale Industries at ... More

`Budget a progressive step in railways development'
But technological advancements must be addressed in all seriousness: Chamber More

YSR hails Rly Budget
Classifying the Railway Budget for 2007-08 as pro-poor, the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy said that though he welcomed measures such as across-the-table-reduction in fares of all classes and keeping the freight steady, ... More

Railway Budget ambitious, progressive, say Bengal chambers
`Infrastructure upgradation a boost to iron & steel industry' More

`Rlys can't be complacent anymore'
The Air Deccan Managing Director, Capt G R Gopinath, on Monday said that the Railways' move to reduce train fares further indicates its acceptance that the low-cost carriers (LCCs) have started taking away its passengers. "The ... More

Riding on the boom
ON TRACK: The Railway Minister, Mr Lalu Prasad, leaving Rail Bhawan to present the Railway Budget at Parliament House on Monday.

More

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