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Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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IndiaInfoline arrow Budget arrow Industry Expectations

Railways needs to make significant investments: Bombardier 

India Infoline News Service / 01:10 PM , Feb 23, 2010

HTML clipboardPPP / JV Projects :

  • In view of high recognition of Railways to look at private partnership for critical project development, the Public-Private business model should facilitate a win-win situation for both partners. An ideal situation could be that the two sides synergize on mutual strengths in which "technology and management" is from the Private Sector & "operations and social infrastructure development" is from Railways.

  • It is expected that the "Terms & Conditions" of the Electric & Diesel Locomotive Plant at Madhepura & Marhowra would be reviewed to bring them in line with the Global practices. This will facilitate active participation from Global players.

Technology Upgradion :

  • Indian Railways need to make significant investments to focus on technological up-gradations on initiatives such as:

a) Rolling Stock :

  • Suburban EMU’s for Mumbai, Kolkata, Chennai & other metro cities need to be technologically upgraded with state of the art Propulsion systems which are energy efficient. The need is not only for technology up-gradation but for quantity enhancement since the current stock is of a very high age profile.
  • Upgrading the existing traction system with newer devices and technologies to address obsolescence.

b) Signaling Area:

  • Automatic Block Signaling: This would immensely increase the line capacity without going in for any additional third line and also enhance the safety.
  • TPWS (Train Protection & Warning System): TPWS provides following functionalities as "Automatic braking" in case of train passing the Red Signal, Continuous supervision of train speed and automatic braking in case of speed exceeds the allowed limit. This will prevent accidents.
  • Train Management System (TMS): TMS provides benefits as Centralised display of train running in the Control Room, Passenger Information and Display System, Management Information Systems (train punctualities, fleet management etc.) and improves decision making for traffic controllers, specially in situation of crisis.
  • Increasing competitiveness of Railways with Road transportation (for freight movement) and with low cost airlines (for passenger movement for short distance connectivity).
  • For the former, the execution of the DFC should be on a fast track and for the latter segment, High Speed Train corridors should get into an implementation mode.

Improve Interface between Indian Railways & Suppliers :

  • There is a need for a formal mechanism for Railways and suppliers to facilitate regular interaction focused on simplification of procedures to support rapid project execution. Various impediments which occur during order execution need to be removed. Matters related to policy & strategy should be jointly evolved with industry on a transparent basis.

A proactive approach will significantly improve rail operations.

Mr. Rajeev Jyoti, President & Managing Director, Chief Country Representative, Bombardier Transportation India

Janta's Expectations

Posted By: Mishra A K Bangalore   |  Feb 25, 2011 09:09 AM
I expect FM To reduce Wasteful expenditure. Do not spend Money Which Encourage arrogance among Poor through Pampered Poverty by political parties. Poverty Can Not be a right for any one.Expectation has no limit.Do not allow sympathy toward poverty to be hijacker by politicians. Give maximum Budgetary support to Self reliance among who deserves. Poverty is a state of mind Nurture by politics as end use. Desist from spending on non Performing citizen. Give incentive to duty bound citizen. Follow Bihar Pattern To Curb Corruption.
Posted By: DEB KUMAR SUR KOLKATA   |  Feb 18, 2011 11:52 AM
I expect more populist budget than a realistic one. Still there are expectation from industry for more steps toward tax benefit Now there are specific expectations- 1) Anti dumping duty on Chinese power equipment, 2)Encouragement for renewable energy and developing home grown coal mines, 3) Disinvestment more for funding subsidy of OMCs. 4) Duty cut to encourage export of automobile,IT, Pharma and Textile.
Posted By: ashim Mumbai   |  Feb 18, 2011 11:37 AM
there should be no long term & short term tax
Posted By: suresh amreli   |  Feb 18, 2011 10:18 AM
good news for infrastructure in budget 2011 like fund raise permission for long term debt to with infra bond and other resaurses
Posted By: RAMESH LALWANI CHENNAI   |  Feb 16, 2011 08:59 PM
BUDGET MUST BE COMMAN MAN FRIENDLY. LESS TAX BURDEN. BEARABLE INTEREST. LOW INFLATION. SIMPLE. TRANSPARENT. ABOVE ALL, MUST BENEFIT ALL IN EVERY ASPECT. THANKS.
Posted By: pradeep nigam Chennai   |  Feb 16, 2011 11:43 AM
Increase min exempt income slab to provide some relief to the middle class and slash the increasing prices as much as possible. Increase the money at hand for us.
Posted By: dilip patel ahmedabad   |  Feb 16, 2011 10:57 AM
stt must be removed from the stock market.
Posted By: hitesh pariyani ahmedabad   |  Feb 16, 2011 10:49 AM
the prices of essential commodities should come down as everyone is facing much problems with this kind of high prices and low salaries. Also the salaries in broking firms must also be increased and there must be a floor for them. the MASTER DEGREE HOLDERS ARE STRUGLING A LOT IN THESE DAYS DUE TO NO JOBS AND LOW SALARIES. SO GOVERMENT SHOUD TAKE CARE OF THESE MBAs. thanks
Posted By: VENKAT chennai   |  Feb 16, 2011 10:31 AM
TDS must not be collected from Senior Citizens either on thier pension or their bank FDs etc. even if their income exceeds taxable income. anyhow they will be submitting their returns. TDS deduction and sending information by the banks to the income tax department is inefficient.
Posted By: muppurisrinivasulu giddalur   |  Feb 16, 2011 10:20 AM
Extend income tax benefits under STPI Scheme for additional period 3-5yrs for SMEs