According to sources, SBI Capital Markets (SBICAPs), which is overseeing the process of Jet Airways’ stake sale on behalf of Jet’s lenders led by SBI, received at least six initial bids from parties including private equity firms like TPG Capital, Indigo Partners, and Radcliffe Capital.
In view of intense competition, rising costs, shortage of pilots and grounding of planes hurting many domestic carriers, the minister also said the government has been constantly responding to industry conditions and cited measures taken, including a reduction in central excise duty on jet fuel to 11 per cent from 14 per cent.
Suresh Prabhu said, “Some geographies have expertise available which are not seen in any other place. In case of Goa, it is the culture, a geographical indicator, but also something which is coming out of nature like its cashews.”
The Union Railway Budget 2016-17 focused on capacity creation in the rail sector, with an increased outlay of about Rs. 1.21 lakh crore, and on completion of the ongoing projects rather than announcing new ones.
Domestic airlines have reported the number of technical snags they have experienced. Of them all, IndiGo's numbers jump out, because it first reported 340 odd snags and when rivals reported the number suspect, it was revised to over 14,000 snags.
Bhopal, Feb 25 (ANI): Madhya Chief Minister Shivraj Singh Chouhan on Thursday lauded the efforts of Railway Minister Suresh Prabhu, saying the Railway Budget 2016 reflected his as well as the visions of Prime Minister Narendra Modi. He said that the budget catered to the common man and saw to all the facilities being rendered at the minimum cost to the people. Chouhan also stated that the launch of special schemes to aid the poor was a welcome step. He added that all steps had been taken to make trains technologically advanced and ensure minimal train accidents.
New Delhi, Feb 25 (ANI): Former railways minister Dinesh Trivedi wished Railway Minister Suresh Prabhu all the best for the upcoming Railways Budget. He said he was little worried about the railways because railways is a basic system anywhere in the world, which adds to half percent to the GDP. If the railways doesn’t do well, you cannot contain even your food inflation.
New Delhi, Feb 25 (ANI): Before presenting the Railway Budget 2016, Union Railways Minister Suresh Prabhu said that the budget has been prepared keeping in view the aspirations of people. Presented every year, Railways Budget is the annual financial statement of the Indian Railways.
New Delhi, Feb 25 (ANI): Railway Minister Suresh Prabhu gave final touches to the Rail Budget ahead of presenting it in the Parliament on Thursday.Taking about their expectations form the Budget, one of the passengers said the government should focus more on cleaner coaches and quality of food so that more people travel by trains.While another passenger said fares of daily passenger trains should be reduced and the safety of women passengers should be considered in the upcoming budget.
New Delhi, Feb 25 (ANI): The copies of the Rail Budget 2016 were brought to the Parliament on Thursday. The Rail Budget is expected to focus on capacity creation in the rail sector with an increased outlay of about Rs. 1.25 lakh crore. Railway Minister Suresh Prabhu, who is expected to present the Budget at 12 noon, will face a tough challenge on whether to raise the passenger fare or not.
New Delhi, Feb 24 (ANI): Union Railways Minister Suresh Prabhu on Wednesday gave finishing touches to the Railway Budget, which will be presented on Thursday in the Parliament. Last year, Suresh Prabhu did not introduce any new trains, but augmented the services of several trains. This year women passengers demanded installation of more closed circuit television cameras and deployment of railway protection force in trains for security purpose.