Headline

Sensex Welcomes Rail Budget With Gain Of 255 Points

Sops Galore In Inclusive Rail Budget

BJP Terms It Hasty Budget, Cong Views It As Pro-People

Govt Bans Assam Militant Group 'Black Widow'

Many States Are Not Acting Against Hoarders: Pranab

Rail Budget Industry-Friendly And Will Create Demand, Says India Inc

Air India Staff Walk Out Of Work For Two Hours

Impose Duties On Chinese Imports, Says Deshmukh

July 04, 2009

Chairman of the Railway Board S S Khurana addressing the post-Railway Budget press conference in New Delhi on Friday. — FW photo

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Sensex Welcomes Rail Budget With Gain Of 255 Points

After a few days of dull trading, the stock market spiralled up today following the Railway Budget, with the benchmark Sensex soaring by 255 points on heavy buying by foreign funds and partial recovery in global stocks. The market welcomed the initiatives in the Railway Budget including plans to improve infrastructure.

FW Photo

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Sops Galore In Inclusive Rail Budget

No Hike In Fares & Freight Charges

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BJP Terms It Hasty Budget, Cong Views It As Pro-People

The BJP today slammed the railway budget saying that it had been prepared in haste and failed to provide the needed impetus even as the Congress described it as pro people and a reflection of the policies of the UPA government. “The budget builds on the achievements of the UPA government in the last five years,” Congress spokesman Manish Tewari told reporters soon after Mamata Banerjee presented the Rail Budget in Lok Sabha.

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Govt Bans Assam Militant Group 'Black Widow'

Acting tough, the Centre has banned the dreaded Dima Halam Daogah (DHD) or Black Widow militant group which is responsible for a series of violent acts in Assam, including killing, abduction and extortion. The decision to declare Jewel Garlosa-led DHD as outlawed under the Unlawful Activities (Prevention) Act was taken at a meeting of Cabinet Committee on Security headed by PM Manmohan Singh last evening, officials said here.

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Many States Are Not Acting Against Hoarders: Pranab

Finance Minister Pranab Mukherjee today regretted that many states have not been taking measures against hoarding to check prices of essential food items. He was replying to a supplementary in the Lok Sabha by Trinamool Congress member Sudip Bandopadhyay, who wanted him to give details of hoarders and sought to know if the West Bengal government had specifically acted against them.

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Rail Budget Industry-Friendly And Will Create Demand, Says India Inc

Lapping It Up: Delighted at focus on inclusivity and overall development

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Air India Staff Walk Out Of Work For Two Hours

Notwithstanding a warning by Air India management, employees of the national carrier “walked out” of work for two hours this afternoon as part of their nationwide protest against delayed payment of salaries. The protest, called by Aviation Industry Employees Guild (AIEG), Air Corporation Employees Union (ACEU) and some other unions, saw employees coming out of their offices in Delhi and Mumbai and stage demonstrations from one pm besides threatening to boycott their meetings with the management.

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Impose Duties On Chinese Imports, Says Deshmukh

Concerned over what he called “dumping” by Chinese power equipment makers, Heavy Industry Minister Vilas Rao Deshmukh has sought imposition of import duty on such products in the upcoming Budget. “I met Finance Minister Pranab Mukherjee (last week) and discussed the issue,” he said here. Deshmukh said “they (manufacturers) are very welcome to come to India to set up their manufacturing plants. They can then compete here.”

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EDITOR'S CHOICE

The trouble with a budget is that it’s hard to fill up one hole without digging another

Dan Bennett

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