New Delhi, March 12 (IANS) The Railway Budget for 2015-16 was passed by the Lok Sabha on Thursday with Railways Minister Suresh Prabhu saying a strong push would be given to hike investment in the railways.
Replying to the debate in the house, Prabhu allayed fears that railways would be privatised, and announced the setting up of a high-level new body called Kaya Kalp Council to turn railways into a vibrant organisation commercially with the participation of private sector.
He said several projects announced by his predecessors have been pending for long for lack of funds.
Citing the deal with state-run Life Insurance Corp (LIC), Prabhu said plans were afoot to partner with other such units like Coal India Ltd. to boost railway infrastructure.
In line with the the funding programme outlined in railway budget, LIC on Wednesday committed Rs.150,000 crore to Indian Railways for development of various commercially viable projects.
"LIC has taken the task of supporting Indian Railways. It is a commercial decision. LIC will invest Rs.1.5 lakh crore over a period of five years," Finance Minister Arun Jaitley said here after signing of the memorandum of understanding (MoU) between the finance and railway ministries.
The investment would be done in bonds issued by various railway entities such Indian Railways Finance Corporation (IRFC), beginning next fiscal.
It is said that there cannot be only one medicine for every merge, but after the last World Cup,
December 16 documentary: Bar Council notice to lawyers
New Delhi, March 7 (IANS) The Bar Council of India (BCI) on Saturday issued notice to two defen
BJP media in-charge Amit Malviya attacked Rahul Gandhi via the social media platform X (formerly
Japanese diplomat arrested for spying in Russia, interrogated blindfolded; raging japan
Russia has detained a Japanese diplomat on charges of trying to obtain sensitive information. At
Shubman Gill: Injured or rested? Fans react to Gill's exclusion from the T20 series.
Speculation is rife after Indian T20 team vice-captain Shubman Gill was ruled out of the fourth T
Will the government be able to handle Delhi-NCR pollution between Corona?
The pollution level in Delhi-NCR air has increased again this year. According to the data of 36 m
Chandrayaan 3 has reached the closest orbit to the moon. With the approach of the moon, Vikram La
Why Modi's wearing an army uniform is creating Debate
Like previous years, this year also Prime Minister Narendra Modi celebrated the festival of Diwal
Employees often wonder what happens to their Employees' Provident Fund (EPF) if they resign befor
ED's interrogation of Chief Minister Hemant Soren is going on in the illegal mining case. A list
