An Appropriation Act in India is an act of Parliament which allows the withdrawal of funds from Consolidated Fund of India or Consolidated Funds of States (in case...
Article 112 of the Indian Constitution says that every year “the President of India shall cause to be laid before both the houses of the parliament” the “Annual Financial Statement”. This is...
Fiscal policy refers to all the means which influence the income and expenditure of the Government. Since most of the government income comes from taxation and most of...
From the construction of the first railroad in India that began in 1850, and the first train that was run on April 16, 1853 from Bombay (now Mumbai)...
Ministry of Railways took steps for introduction of High Speed Bullet Trains in the country on Mumbai-Ahmedabad corridor. It is the part of the Ministry’s ambitious plan to...
Over the last 10 years, there has been a substantial rise in the rate of passenger casualties. For the three decades of 1965-96, the number of deaths in...
Over the years, in the absence of any strategic focus, the railways have steadily deteriorated in terms of service quality, safety and financial performance. Any improvement in given...
So far, the private sector’s participation in railways has been very less in India, compared to sectors like ports, telecom, electricity, airports and roads. Several attempts have been...
Indian Railways faces chronic financial problems. The annual rate of increase in cost has overtaken that of revenues during the last few years. There are several reasons of...
