Emkay Global Financial Services has come out with a report on Indian Railway Budget 2011-12.
Baba Kalyani, Chairman and Managing Director of Bharat Forge talks about his expections from the budget this year. He expects to see some tinkering on the import duty. “There will be some tinkering on this import duties but the import duties are fairly low right now, so any reduction would help,” he says.
Railways Minister Mamata Banerjee vowed to support the "common people" as she unveiled her third annual budget on Friday that promised to invest Rs 57,630 crore (USD 12.68 billion) in the network in the financial year 2011/12.
With the Union Budget announcement around the corner, Sanjaya Baru of Business Standard tells Udayan Mukherjee and Mitali Mukherjee, that he does not expect any surprises to be rolled out this budget. He believes that the Finance Minister has chance with this budget to prove he is a forward thinking policy maker.
The fiscal outcome in the first nine months of the current financial year remained broadly on the consolidation track charted by the Budget, says the Economic Survey presented by the Union Finance Minister, Shri Pranab Mukherjee in the Parliament.
Indian Railway Minister Mamata Banerjee presented a populist Railway Budget for financial year 2011 in Parliament on Friday.
The Economic Survey 2010-11 states that the infrastructure structure is a mixed bag of performance; some like telecommunications have done exceedingly well and in some others there have been less than targeted achievement.
A sharp price in food price inflation has been a major cause of concern of our economy during 2010-11, however, high inflation in food article is not unique to India.
Net bank credit to infrastructure in 2009-10 defined as the difference between outstanding gross deployment of bank credit to infrastructure in March 2009 and March 2010, increased substantially in the current fiscal.
Railway Minister Mamata Banerjee presented her third Railway Budget in Parliament on Friday.