3-5bln-losses-a-good-year-for-rbs

3.5bln losses - a 'good' year for RBS

For most companies, a 3.5 billion pound loss would be disastrous. But for the Royal Bank of Scotland, this is considered pretty good. 2013's deficit was as much as 9 billion. The bank is 7 years Feb 26, 2015
railway-budget-lays-out-clear-roadmap-for-economic-growth-pm-modi

Railway Budget lays out clear roadmap for economic growth: PM Modi

New Delhi, Feb 26 (ANI): Prime Minister Narendra Modi on Thursday termed the Railway Budget for fiscal 2015-16 as the clear roadmap to make the railways the key driver of India's economic growth. Prime Minister Modi also took to Twitter to express his views. “#RailBudget2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it,” Prime Minister Modi tweeted. “#RailBudget2015 is a watershed moment for Railways, marking a paradigm shift from discussing coaches and trains to comprehensive railway reform. I am particularly delighted that for the 1st time there is a concrete vision for technology upgradation and modernisation of the Railways,” he added. “Rail Budget lays out a clear roadmap to make the Railways the key driver of India's economic growth and playing a key role in India's progress. #RailBudget2015 stands out for its focus on the common man, putting speed, scale, service and safety, all on one track,” he said in a series of tweets. Feb 26, 2015
foreign-rail-technology-cooperation-scheme-to-be-launched-part-2

Foreign Rail Technology Cooperation Scheme to be launched Part - 2

New Delhi, Feb 26 (ANI): Railways Minister Suresh Prabhu on Thursday said that Foreign Rail Technology Cooperation Scheme would be launched to help in technology upgradation. Presenting the Railway Budget for fiscal 2015-16 in Parliament, Prabhu stressed on the need to decentralise, deregulate and delegate to make freight business simpler. No new trains were, however, announced this year in the rail budget. There was no increase in railway passenger fares either. The Railways Minister further said that mobile phone charging facilities would be provided in general class coaches and the number of charging facilities would be increased in sleeper class coaches. Feb 26, 2015
hong-kong-to-fund-homegrown-fashion

Hong Kong to fund homegrown fashion

Another year, another massive fiscal surplus in Hong Kong. The city has decided it's going to cut taxes and spread the wealth, dishing out over four billion bucks in sweeteners to support local Feb 26, 2015
foreign-rail-technology-cooperation-scheme-to-be-launched-part-1

Foreign Rail Technology Cooperation Scheme to be launched Part - 1

New Delhi, Feb 26 (ANI): Railways Minister Suresh Prabhu on Thursday said that Foreign Rail Technology Cooperation Scheme would be launched to help in technology upgradation. Presenting the Railway Budget for fiscal 2015-16 in Parliament, Prabhu stressed on the need to decentralise, deregulate and delegate to make freight business simpler. No new trains were, however, announced this year in the rail budget. There was no increase in railway passenger fares either. The Railways Minister further said that mobile phone charging facilities would be provided in general class coaches and the number of charging facilities would be increased in sleeper class coaches. Feb 26, 2015
rail-budget-2015-16-swachh-railways-to-be-the-focus-of-railway-ministry

Rail Budget 2015-16: Swachh Railways to be the focus of Railway Ministry

New Delhi, Feb 26 (ANI): Union Railway Budget Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu also laid emphasis on cleanliness of stations and trains for convenient travel facilities to passengers. He also laid stress on PM Narendra Modi’s ‘Clean India’ and ‘Make in India’ initiatives. He further said that integrated cleaning will be taken up as a specialized activity. Prabhu said that am mobile application to address the complaints of the passengers is also being developed. He also stated that e-catering has also been introduced on some trains on experimental basis Feb 26, 2015
rail-budget-2015-16-propose-to-move-from-preventive-to-predictive-maintenance

Rail Budget 2015-16: Propose to move from preventive to predictive maintenance

New Delhi, Feb 26 (ANI): Union Railway Budget Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu said that the railways propose to move from preventive to predictive maintenance. Further elaborating, Prabhu said that safety of passengers is of utmost importance for which technology intervention is required. He added that modern tracks, audio-visual warnings are few of the measures the government is contemplating to avoid train collisions. Feb 26, 2015
rail-budget-2015-16-no-increase-in-passenger-fares

Rail Budget 2015-16: No increase in passenger fares

New Delhi, Feb 26 (ANI): Union Railway Budget Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu assured that there has been no increase in passenger fares in railways. He added that surveillance camera will be installed on select mainline and ladies compartments to insure safety of women. Further speaking on women's safety, Prabhu added that Nirbhaya fund would be utilized for augmenting safer travel for women. He further said that a mobile application to address complaints of people is also being developed. Feb 26, 2015
rail-budget-2015-16-four-goals-fixed-for-improvement-in-railways

Rail Budget 2015-16: Four goals fixed for improvement in Railways

New Delhi, Feb 26 (ANI): Union Railway Minister Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu highlighted four major goals for improvement in Railways- to ensure good customer experience to receive a huge boost, to make rail safer, to expand and improve infrastructure and to make railways financially self sustainable. Feb 26, 2015
railway-minister-presents-budget-for-2015-16-in-parliament

Railway Minister presents Budget for 2015-16 in Parliament

New Delhi, Feb 26 (ANI): Union Railway Minister Suresh Prabhu on Thursday presented the Rail Budget fro fiscal year 2015-16. Prabhu thanked Prime Minister Narendra Modi for infusing the citizens with a sense of pride and dream of a prosperous nation. He said that investment in Indian Railways is necessary for environment sustainability and well being of future generations. Prabhu also assured investment in railways will improve economy and create more jobs for poor. This is the first full-fledged budget of Narendra Modi-led NDA government. Feb 26, 2015
expectations-from-railway-budget-ride-high-across-india

Expectations from Railway Budget ride high across India

New Delhi/ Nagpur/ Mumbai/ Bihar, Feb 26 (ANI): Ahead of the presentation of Central government’s railway budget 2015-16, expectations mounted high for people across India who stressed to focus on improving facilities in trains and allied services. People across country have pinned their hopes on Railway Minister Suresh Prabhu who would table full-fledged rail budget on Thursday (February 26). Passengers highlighted their expectations from Narendra Modi government’s first Railway Budget. Meanwhile, copies of the Railway Budget have reached the Parliament amid tight security. Union Railway Minister Suresh Prabhu will present Rail Budget for fiscal year 2015-16 in the Parliament today. This will be the Prime Minister Narendra Modi-led NDA Government's first full-fledged railway budget. Feb 26, 2015
rail-budget-no-big-change-will-be-introduced-by-the-nda-govt-says-former-railway-ministry

Rail Budget: No big change will be introduced by the NDA govt, says former railway ministry

New Delhi, Feb 26 (ANI): Former Railway Minister Dinesh Trivedi on Thursday said that there is a need to strengthen the foundation of railways. He added that no big change will be introduced in the railway budget as today an Indian railway is bankrupt. Former MoS, Railways Adhir Ranjan Chowdhury also expressed similar sentiments. Union Railway Minister Suresh Prabhu will present Rail Budget for fiscal year 2015-16 in the Parliament today. This will be the Prime Minister Narendra Modi-led NDA Government's first full-fledged railway budget. People have high expectations from the Railway Budget and are expecting clean energy, modernization of trains, passengers' safety and rail connectivity in the north-eastern states among others this time. Feb 26, 2015