The waiting is finally over and today the Indian Railway Budget 2009-10 was presented in the parliament. Ms.Mamta Banerjee presented the railway budget for the fiscal year 2009-10.

Here are some of the highlights of the Indian Railway Budget 2009-10 :–

* To start with the railway budget 2009 new trains wherein 57 new trains are added to this year’s list. Some of them are superfast trains connecting some of the major routes in the country where there is a huge congestion in traffic.

* In the railway budget 2009-10, it has been proposed to develope 50 world class stations which will be based on public private partnership more. They will provide some of the international standard amenities to the passengers.

* It is clear that the railway budget 2009 has more focus on the services front and also on the fares. There has been no increase in passenger fares and freight rates. On the other hand there has been a slew of measures in which cheap tickets will be provided to the poor people, students and under privilege people.

* The unreserved ticketing system will now be expanded from 5000 terminals currently to 8000 terminals in the coming days.

* There is a proposal to provide railway tickets at 500 post offices across the country in the railway budget announced today.

* Various infotainment services along with some personalized services will be introduced soon in the Rajdhani and Shatabaddi express trains.

* Many non stop AC sleeper trains will be introduced soon which was announced in the railway budget 2009.

*  In the railway budget 2009, it was announced that the tatkal scheme will be renewed and the tatkal booking timings has been reduced to 2 days and it will cost Rs 100 instead of Rs 150 earlier.

* Railways to provide special ambulance services in 6 major cities.

* The railway budget 2009 also proposes to build 1000 more reservation centers across 200 cities in India.

* There are plans to bring in automatic ticket vending machines in all major cities.

* Railway budget plans to introduce 1 doctor in all the long distance trains joining cities across cities.

* Railway budget has also announced to bring 10 more Garib rath trains soon and to build 53 new railway tracks.

* Railway Budget has announced Izzat Scheme where monthly ticket will be available at Rs 25 for all those people who earn just Rs 1500/month.

* Railway Budget plans to build rail coach factory in Kachrapara suited in West Bengal also a 1000 MW capacity power plant will be built in West Bengal.Kolkata metro will now be stretched till Barackpore.

Overall it was a populist Railway Budget which was presented today in the parliament. The Indian Inc has welcomes the unique railway budget presented today. Let us know what you feel about  Railway Budget 2009-10.Will it score above the railway budget presented by Lalu Yadav in the last 5 years? Leave your comments here.

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The Railway Budget 2009-10 is out.Check the highlights of the Indian Railway Budget 2009-10 here.

The Indian Railway Budget 2009-10 will be presented in the parliament by Ms. Mamata Banerjee just a few hours from now tomorrow. The Economic Survey Of India was presented in the parliament today which marked the beginning of Budget session. We witnessed very people friendly railway budgets till last year.

Everyone is expecting that Railway Minister will present a pro-people railway budget 2009 in the parliament tomorrow.Ms.Banerjee was quoted saying “It will be a pro-people budget, a simple budget, people’s budget. So we can expect some rate cuts in the railway budget 2009 tomorrow. She also has to maintain the consistency in making profits which the Indian railways has been making in the last 5 years.

The Kashmir rail link project is high on her agenda along with the dedicated freight corridor project. Some waiver in the super fast charges can be seen in tomorrows railway budget. The tatkal scheme may also be made more people friendly. More Garib Raths, superfast trains can be introduced.

There are some projects like railway coach factory which is going on in Sonia Gandhi’s Constituency will be put on fast track. The station upgradation on some of the stations will also be accelerated. The security arrangements in many different stations is also under the scanner and will be improved. So lets wait and see what comes out of tomorrows Indian Railway Budget 2009-10.

Check out the last years Indian Railway Budget Analysis here.

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The Govt today presented the Economic Survey Of India 2008-2009 in the parliament today. The budget session for this year commenced today with Finance Minister Mr.Pranab Mukherjee tabling the Economic Survey of India for the year 2008-09. The railway budget 2009 will be presented tomorrow by the railway minister Ms.Mamta Banerjee.

Here are some of the highlights of the Economic Survey of 2008-09 :-

* The  Economic Survey has suggested for removing the cess, Fringe benefit tax, different surcharges on taxes and bring in many different reforms in petrol pricing and the financial sector.

*  The most important disclosure of the Economic Survey is that India could grow at an average rate of 7% in the fiscal year 2009-10. And India can ride in growth rates of 8-9 in medium term if all the reforms which are being planned can be successfully pursued.

* In Eleventh Five-Year Plan period from 2007-12, the Govt is expecting to create a mind blowing 58 million jobs in the country. It was projected somewhere around 45 million earlier. That is one of the good news brought forward in the Economic Survey of India 2008-09.

* As per the Economic Survey Of India the next phase of economic stimulus will include both govt expenditure and tax cuts in many cases.This is being done keeping the macro economic fundamentals like interest rates, exchange rates and growth rates in mind.

* For the current fiscal 2009-10, the economic survey has projected a fiscal deficit of 5.5% of the GDP. The target for the Govt is to bring the fiscal deficit to about 3% of the GDP.

* The economic survey recommends FDI cap in Insurance sector to be raised from 26% to 49%. Also raising the FDI limits in defence sector from 26% to 49%.

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So a lot of action is awaiting the Indian markets in the coming days. It is going to be one of the action packed month for the Indian economy and Indian share markets also. The Union Budget for the fiscal year 2010 will be presented in the Parliament on July 6th 2009 and the Union Railway Budget will be tabled on July 3rd 2009.

The budget session of the parliament for this year is going to start on July 2nd 2009 and will continue till Aug 7th 2009. The economic survey will be presented on July 2nd 2009 which will mark the budget session. We will bring a complete analysis of the Indian Railway Budget and a complete analysis of Indian Union Budget very soon.

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The much awaited results season for the first quarter of fiscal year 2010 will finally kick off soon. And as always Infosys Technologies, has announced the q1 2010 results date early. Infosys will announce its first quarter (Q1, 2010) results on July 10th, 2010. The Q1 2010 results will include the period from April 1st 2009 till June 30th 2009. The results of Infosys Technologies is much awaited as it sets the tone of the fore coming results by other Indian IT companies.

It is also one of the most viewed results by market men alike. The total revenue and the profits for the Q1 2010 will become clear after this.  After the results CEO & MD Mr.S. Gopalakrishnan will address a gathering and commenont on the Infosys Technologies Q1 2010 results from the IT capital of India ,Bangaloreat 10.30 AM IST. Those who want to get the Q1 2010 results of Infosys on their mobile phones, type R Infosys, or Results Infosys and send it to 51818.

Here is a snapshot of Infosys Results in the fiscal year 2009.

* Infosys Q4 2009 Results.

* Infosys Q3 2009 Results.

* Infosys Q2 2009 Results.

* Infosys Q1 2009 Results.

To read the press release of the announcement of the dates of Infosys Q1, 2010 results, check out this link. The results of other IT companies like TCS, Wipro will follow suit thereafter.Keep checking the space for more updates on Infosys Q1 2010 results.

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