GOOD READS

Karnataka CM lauds Kharge for pro-state interim railway budget

Bangalore, Feb 12 (IANS) Karnataka Chief Minister Siddaramaiah Wednesday lauded union Railway Minister Mallikarjun Kharge for presenting a pro-passenger interim budget with a slew of new trains and projects for his home state.

"The interim railway budget for ensuing fiscal (2014-15) has protected interests of people by sparing them from hike in passenger fares and freight charges. It is a growth-oriented budget for all-round development," Siddaramaiah said here in a statement.

Kharge represents the Gulbarga constituency, situated in the northern region of Karnataka, in the Lok Sabha.

Thanking Kharge for addressing the needs of the people, the chief minister said the proposal for survey of new lines, gauge conversion and doubling of tracks in the state would increase rail density and provide better connectivity for passenger and freight movements.

"Similarly, introduction of four 'Jai Hind' express trains, including three weekly ones between Bangalore and Jaipur, Patna, Katra in Jammu & Kashmir and a bi-weekly to Thiruvananthapuram in Kerala will facilitate greater movement of people across the country," Siddaramaiah said.

Kharge has proposed a survey for laying new lines across the state between Tiptur and Dudda, Challekere and KB Cross via Hiriyur, Bellary and Lingasugur via Siruguppa, Miraj in Maharashtra and Channarayapatna in Hassan district via Bijapur in the northern region of the state.

The railways has commissioned the line between Kadur and Chikmagalur (46 km), two broad gauge lines between Kolar and Chickballapur (85 km) and Hanumangarh and Sriganganagar (64 km) and completed doubling of tracks between Maddur and Mandya (19 km) and Birur and Ajjampur (18 km) across the state during this fiscal (2013-14).

Complimenting Kharge for responding to the long standing demand of the people to operate more intra-state trains, Siddaramaiah said the proposed five new services would meet the growing needs of passengers from other states and en-route.

In his 15-minute presentation, Kharge said of the 50 new express trains, five will run through Karnataka -- from Bangalore to Chennai (daily), Bangalore to Howrah (AC weekly), Hubli to Mumbai (weekly), Gulbarga to Hyderabad (daily) and Mysore to Varanasi (bi-weekly) and a fast passenger between Hubli and Belgaum in the northern region of the state.

The frequency of three express trains from Bidar to Bangalore, Hubli to Vijayawada and Hubli to Secunderabad has been increased to daily from three days in a week.

"Kharge has done a yeomen service to the people of the state though he took over the ministry only eight months ago (June 2013)," Siddaramaiah asserted.

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • Hyundai Motor Q1 profit unchanged; misses estimates

    South Korea's Hyundai Motor Co on Thursday missed analyst estimates by posting nearly flat net profit, as lacklustre U.S. performance offset increased sales in Korea and China. Hyundai, the world's fifth-biggest ... …

  • Apple resets the clock as investors await next big thing

    Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share. The litany of positive numbers sent Apple's long-stagnant shares up 8 percent. …

  • Bharti Infratel Q4 net profit jumps 64 percent
    Bharti Infratel Q4 net profit jumps 64 percent

    Telecommunications tower operator Bharti Infratel Ltd reported a 64 percent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers. Bharti Infratel, ... …

  • Facebook Q1 revenue grows 72 percent on rising mobile ads
    Facebook Q1 revenue grows 72 percent on rising mobile ads

    Facebook Inc's (FB.O) mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period. Facebook's overall revenue grew 72 percent year-on-year to $2.5 billion in the first …

  • Apple expands buybacks by $30 billion, OKs 7-for-1 stock split
    Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone maker to boost its buyback program, tweeted his approval of the move on Wednesday. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, …

IN-DEPTH ANALYSIS & INTERVIEWS

  • Too good to be true?

    Developers are offering lucrative buyback schemes. But such promises may not be always kept. …

  • Leaderspeak with Vikram Limaye

    Vikram Limaye MD & CEO, IDFC Ltd shares many firsts from his life. …

  • The Greening of the House of Tatas

    How a dedicated team converted a 90-year-old heritage structure into a benchmark for environment-friendly buildings. …

  • Appy Voting

    Mobile and online apps, seeking to inform or influence voters, have been more active than ever before in this election. …

  • In the crosshairs

    Why the future of FDI in multi-brand retail looks bleak after the polls. …

  • Deserving the honour

    How do the winners of the two new banking licences - microfinance lender Bandhan Financial Services and infra institution IDFC Ltd - measure up to the challenges of operating as full-fledged banks? …

  • Falling in line

    Global investors gear up to working with Narendra Modi despite reservations about his secular credentials. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52-0.33-1.96%
    UNITECH.BO
    14.31-0.27-1.85%
    SUZLON.BO
    120.40+7.00+6.17%
    FRL.BO
    66.05+4.10+6.62%
    MANGCHEM.BO
    54.40+1.65+3.13%
    HCLINFO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    16.20+2.70+20.00%
    JAGSONPH.BO
    53.50+8.90+19.96%
    RUSHIL.BO
    40.45+6.45+18.97%
    RCIIND.BO
    63.95+8.90+16.17%
    MRPL.BO
    24.00+3.10+14.83%
    NELCAST.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    -10.95-100.00%
    4THGEN.BO
    -17.30-100.00%
    ALFAICA.BO
    -16.81-100.00%
    AMAL.BO
    -11.73-100.00%
    BORAX.BO
    -29.95-100.00%
    BRADYM.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.