Interim Railway Budget: Five things to know

The United Progressive Alliance government will present an interim budget ahead of general elections in May 2014.

The Railway Budget 2014-15 would be presented in the Parliament on 12 February 2014 by railway minister Mallikarjun Kharge. According to government records, the practice of presenting a separate rail budget began in 1924. Usually, new trains are announced while train fares and freight rates are tweaked.

This year, things may be a bit different. Here’s why:

1)      In every election year, an interim budget is presented. It is a smaller version of the usual full budget. This is called the interim budget, as it only accounts for finances until the election. This holds true for the railways too.

2)      The first part of the interim budget is called the Vote of Account (VOA). It deals with reporting the financial performance of the railways as an industry in the fiscal year 2013-14 and seeking an approval for expenses.


3)      No significant changes in rates will be allowed. This is because, it would give the current government an upper hand in wooing voters. That said, with an eye on the elections, the upcoming railway budget may introduce new trains and routes, media reports said.

4)      The minister may also address issues like increase in fire incidents, installment of real-time train information system, and the setting up of automatic ticket vending machines, the Moneycontrol report added.

5)      However, this could be a burden on the government’s finances because Railways has not met its revenue targets. For the April-December period, its revenues is Rs 10,000 crore less than targeted, according to a report by DNA. This is despite a hike in passenger ticket prices and freight rates. The ministry is expecting to earn Rs 1.46 lakh crore for the entire fiscal year.

This work is produced by Simplus Information Services Pvt Ltd. Customer engagement through content.

Like this article? Click here for more articles from the same provider.

Latest News

  • EXCLUSIVE - Peltz's activist fund Trian to end quarterly redemptions - …
    EXCLUSIVE - Peltz's activist fund Trian to end quarterly redemptions - …

    Trian Fund Management LP, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, according to people familiar with the matter, in order to lock in money for longer periods. The change comes as activist hedge funds increasingly seek more stable sources of funding that allow them to keep the pressure on companies, without fretting about the short-term demands of the funds' investors. Trian is closing its quarterly subscription for …

  • China likely to invest over $1 trln overseas in next 5 years, says Li
    China likely to invest over $1 trln overseas in next 5 years, says Li

    China is likely to invest over $1 trillion overseas and import more than $10 trillion in commodities over the next five years, the state-backed China Daily quoted Premier Li Keqiang as saying. Speaking to heads of Central and Eastern European nations at a summit in Suzhou on Tuesday, Li also said China could help provide more flexible funding conditions to those countries to upgrade their infrastructure, as long as they use Chinese equipment and products, according to the the state paper. Li …

  • Asia stocks stumble on geopolitical tensions, oil retreats
    Asia stocks stumble on geopolitical tensions, oil retreats

    Asian stocks were on edge on Wednesday with most markets stumbling as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices eased from two-week highs. South Korea's Kospi lost 0.2 percent and Hong Kong's Hang Seng dropped 0.5 percent. Japan's Nikkei shed 0.5 percent. …

  • U.S. oil eases on profit-taking after rally on Mideast risk
    U.S. oil eases on profit-taking after rally on Mideast risk

    Crude oil futures dipped on Wednesday as investors took profits after prices rallied to two-week highs in the previous session on mounting geopolitical tension in the Middle East as Turkey downed a Russian warplane. U.S. crude's West Texas Intermediate (WTI) futures shed 11 cents to $42.76 a barrel. "In Asian hours you are seeing some profit-taking or some consolidation ... With the price falling slightly, but bullish sentiment is continuing," said Daniel Ang, an investment analyst at Phillip …

  • Markets closed on Wednesday for holiday

    Indian stocks, debt and currency markets will be closed on Wednesday for a holiday. Trading will resume on Thursday. The Nifty ended 0.22 percent lower on Tuesday, while the Sensex fell 0.17 percent. The ... …

  • BJP confronts Gandhis as parliament gathers

    Prime Minister Narendra Modi has just suffered a bruising election setback, yet his party appears in no mood to compromise with the main political opposition to get stalled economic reforms back on track. Instead, the nationalist Bharatiya Janata Party (BJP) has launched an all-out offensive against the Congress party, in a potentially dangerous game of brinkmanship that risks turning the next parliamentary session into a prolonged slanging match. "It's a political vendetta," said veteran …

  • Gold holds gains on geopolitical tensions but US rate view drags

    Gold clung to overnight gains on Wednesday on a softer dollar and heightened tensions after Turkey shot down a Russian warplane, but the metal wasn't too far from a near-six-year low on fears the Federal ... …

  • U.S. probe finds possible misconduct by Walmart in Brazil - WSJ

    Federal authorities are investigating $500,000 in payments they believe ultimately went to an individual hired to obtain government permits for building two stores in Brasília, Brazil’s capital, between 2009 and 2012, the newspaper said, citing an investigative document. The focus on payments in Brazil marks a new development in a years-long investigation by the U.S. Department of Justice into potential misconduct by Wal-Mart in some overseas markets. In addition to Brazil, the department has …


  • IIM Ahmedabad is the best B-school in 2015

    The 54-year-old institute is not only drawing on its traditional strengths, but is also taking wings to meet the demands of the emerging new world of business. …

  • Change is only constant at these four B-schools

    It is the best of times for B-school students. And if they happen to be at the top four schools after IIM-Ahmedabad - IIM Calcutta, XLRI, SP Jain Institute of Management & Research and MDI- it is certainly ... …

  • India's best management schools for 2015

    The eagerly-awaited issue of Business Today is here. Find out which B-school has topped the list this time. …

  • Built To Last

    Six lesser-known infrastructure companies have prospered despite adverse economic circumstances. …

  • Sweeten your e-Deals

    Shopping online this festive season can be fun if you read the fine print carefully. …

  • Exercise Caution

    The IPO market is buoyant with a healthy line-up of issues, but investors should be cautious. …

  • No Headline

    Six lesser-known infrastructure companies have prospered despite adverse economic circumstances. …


  • Most Actives
    Most Actives
    NamePriceChange% Chg
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg


Recent Quotes
Symbol Price Change % Chg 
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.
to view quotes in your portfolios.

Yahoo Cricket