Union Budget 2016

The report is authored by chief economic adviser Arvind Subramanian. It contains data of various macroeconomic indicators which reflect the state of the economy such as Gross Domestic Product, Gross National Product, Inflation rate, foreign exchange trends, balance of payments etc.

We kept requesting her to stop but she didn't, nothing blasphemous must be tolerated in RS: Anand Sharma in RS — ANI (@ANI_news) February 26, 2016

Left Parties' MPs from Kerala, protest at Gandhi statue in Parliament demanding increase in import duty on rubber. pic.twitter.com/bD4CNJDOrr — ANI (@ANI_news) February 26, 2016

Cong now needs to come clean on 2 imp issues,1st Ishrat Jahan & 2nd execution of Afzal Guru-Union Min Venkaiah Naidu pic.twitter.com/vEPbV8S17x — ANI (@ANI_news) February 26, 2016

Copies of Economic Survey arrive in the Parliament (Delhi) pic.twitter.com/6Fd8kSwe40 — ANI (@ANI_news) February 26, 2016

Copies of Economic Survey arrive in the Parliament (Delhi) pic.twitter.com/RybfQ7dl0Y — ANI (@ANI_news) February 26, 2016

I'll meet and ask Rail Minister how could he do this injustice: Harish Rawat, Uttarkhand CM #RailBudget2016 pic.twitter.com/byP2JHJHbV — ANI (@ANI_news) February 25, 2016

I'm thankful to Rail Minister for accepting some of major demands of state: Naveen Patnaik,Odisha CM #RailBudget2016 pic.twitter.com/8WFSXmJMFg — ANI (@ANI_news) February 25, 2016

On all critical parameters which affect common men, #RailBudget2016 has come as a rude shock:Ashwani Kumar, Congress pic.twitter.com/wBa5dd4ks3 — ANI (@ANI_news) February 25, 2016

Rail ko patri pe laane ka budget hai ye, main #RailBudget2016 ka swagat karta hoon: Shivraj Singh Chouhan, MP CM pic.twitter.com/KJAVX3Ntdp — ANI (@ANI_news) February 25, 2016

Main yahi kahna chahunga ki iss Rail Budget mein kuchh bhi nahi hai: Nitish Kumar, Bihar CM #RailBudget2016 pic.twitter.com/VWgBahstBC — ANI (@ANI_news) February 25, 2016

Har varg ki ummeedon ko poora karne waala hai ye #RailBudget2016 -Amit Shah pic.twitter.com/BEjJ9wcAOi — ANI (@ANI_news) February 25, 2016

The government has planned to cut costs and generate new sources of revenue next year to offset a big rise in its wage bill and help keep an ambitious modernisation plan on track on track.

Presenting the Rail Budget, Union railway minister Suresh Prabhu said the planned budget outlay for the world's fourth-largest network would be 1.21 trillion rupees, up about 20 per cent from the current year's estimated expenditure.

But a slowdown in growth of passenger and freight revenues has put pressure on the railways' finances one year after Prime Minister Narendra Modi's government unveiled a 5-year $137 billion investment plan to overhaul the saturated and decrepit network.

Market was not too much enthused by a 21 per cent hike in capital outlay announced in the Rail Budget 2016 as the benchmark sensex slipped below the key 23,000-mark briefly before shaping up.

Traders said cutting down on bets by cautious participants in view of expiry of February derivatives contracts kept sentiment fragile.

The 50-share Nifty tumbled to 6,997.40, down 21.30 points, or 0.30 per cent, at 1354 hours.

Congratulate @Sureshpprabhu ji & @RailMinIndia for futuristic & development oriented #RailBudget2016-true reflection of People's aspirations — Vasundhara Raje (@VasundharaBJP) February 25, 2016

Congratulations @sureshpprabhu ji for a balanced, forward-looking #RailBudget2016, ensuring Railways remains backbone of Indian economy — Jayant Sinha (@jayantsinha) February 25, 2016

Union railway minister Suresh Prabhu announced the development of the Delhi-Chennai, Kharagpur-Mumbai and Kharagpur-Vijayawada freight corridors on a priority basis.

Prabhu said the railways has proposed to develop freight corridors between Delhi-Chennai (north-south), Kharagpur-Mumbai (east-west) and Kharagpur-Vjayawada on the east coast.

According to him, the three projects will be on high priority to ensure structuring, award and implementation in a time-bound manner.

The projects will be funded through innovative models including public-private partnership (PPP) mode.

#RailBudget2016's Vision 2020 will make the Indian Railways free from capacity constraints with higher train speed, punctuality & safety. — Narendra Modi (@narendramodi) February 25, 2016

PM @narendramodi on #RailBudget2016https://t.co/On8fru8t9f pic.twitter.com/mV4Gj9RZ5h — Times of India (@timesofindia) February 25, 2016

I congratulate railway minister @sureshpprabhu and his team for this year's budget: @narendramodi — Times of India (@timesofindia) February 25, 2016

Cleanliness, passenger amenities and technological upgradation have been the main philosophy of the last two rail budgets: PM @narendramodi — Times of India (@timesofindia) February 25, 2016

When we read the fine print then we will come to know what is the failure report-Dinesh Trivedi #RailBudget2016 pic.twitter.com/A4etjUsnMQ — ANI (@ANI_news) February 25, 2016