Pawan Bansal will announce 100 new trains in Rail Budget 2013-14: sources

Pawan Bansal will announce 100 new trains in Rail Budget 2013-14: sources

Railways Minister Pawan Kumar Bansal will announce plans to launch as many as 100 new trains in the Rail Budget 2013-14, sources in the ministry said.

The sources said that the new trains will include AC double deckers, new passenger trains as well as extension of existing services. They also said that the focus would be on providing passengers with more amenities.

Speaking on the topic, a person familiar with the contents of the upcoming Rail Budget said, "About 100 new trains will be announced in the budget. The focus of the Rail Budget this year is on providing more amenities to passengers."

In his maiden budget speech on February 26, Mr. Bansal is also expected to announce more measures to ensure cleanliness and hygiene in trains and railway stations, by providing quality linen, upgrading fire-fighting arrangements and introducing new facilities for differently abled persons.

The person added that attempts had been made to cater to the demands of all regions of the country, including North East.

The ministry will make provision for building as many as 16,000 new wagons and 670 new locomotives including twenty LNG locomotives in the budget.

In the Rail Budget of 2012-13, the ministry had announced the launch of a total of 175 trains, including passenger services.


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BMC urges traders to call off strike over LBT issue

BMC urges traders to call off strike over LBT issue

The Brihanmumbai Municipal Corporation (BMC) on Thursday urged traders to call off their strike in opposition of local body tax (LBT), stressing that it was open for discussions over the issue.

Municipal Commissioner Sitaram Kunte said that the traders' stir against LBT, which entered the 26th day, was causing a big inconvenience to the citizens.

Speaking on the topic, Kunte said, "The Mumbai Municipal Corporation Act, 1888 needs to be amended to introduce LBT in the city. We are still drafting amendments to the Act and rules based on which it would be executed."

India’s demand for gold jumps 27% in Q1 of 2013

India’s demand for gold jumps 27% in Q1 of 2013

While the global demand for gold declined 13 per cent in Q1 of this year, India's demand for the precious yellow metal jumped 27 per cent year-on-year, according to latest figures released by the World Gold Council
(WGC).

Indians' demand for jewellery jumped 15 per cent year-on-year to 159.5 tonnes in the first quarter of 2013, while investment demand climbed a whooping 52 per cent to 97 tonnes.

China reported gold demand growth at 27 per cent. Therefore, India's demand growth for the yellow metal surpassed China's demand growth by 7 per cent.