Posts Tagged ‘Mamata Banerjee’

Govt Decides Against Rice Imports

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.


Govt Decides Against Rice Imports

Govt decides against rice imports:

In a calculated move to signal categorically to the world market that India was not in a desperate situation with respect to rice, the government said on Friday that it will not import rice for now.

The immediate implication of this move is that retail prices of rice, up 15 per cent over last year, will remain firm at least until early next year.

Rice output is estimated to have dropped 15 million tonnes due to poor monsoons this kharif.

The government has, over the last two days, put in place strictures that will force traders to report purchases of more than 10,000 tonnes of rice in a bid to check prices.

Punjab has also imposed stock holding limits on traders and millers for both rice and pulses.


In Other major Commodities Updates we can see how Government has bowed down to demands of Farmers after their mass protest in capital this week.


Government to amend new sugarcane price rule:

The government on Friday said it would amend a new sugarcane pricing rule, bowing to protests held in the capital by farmers demanding higher prices for their produce.

The government would delete the contentious part of the new cane pricing rule, Railways Minister Mamata Banerjee told reporters after a meeting of senior ministers.

Cane farmers believe the new cane price rule, which puts the onus on state governments if they decide to raise the cane floor rates fixed by the federal government, will curtail their bargaining power.

Earlier, Farmers from Uttar Pradesh (UP) state in northern India, which produces almost half of the country’s cane, have been on warpath for about three weeks to press for higher prices, forcing Prime Minister Manmohan Singh to consider changes in fixing cane prices.


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Railway Budget focuses on passengers amenities, new trains introduced :)

Mamata Banerjee's 15th rail budget for the 2009-10

Mamata Banerjee's 15th rail budget for the 2009-10

Railway Minister Mamata Banerjee started presenting 15th rail budget for the 2009-10 with the promise of attending the concerns of average passengers. This is her first rail budget for the United Progressive Alliance (UPA) government and third in her political career

Some of the key highlights of her ministry”s budget are:

50 stations to be made Class-1 stations with world class amenities. The plans are there to develop important stations through private-public partnership. These include CST Mumbai as well as Nagpur, Pune, Howrah, Sealdah, Varanasi, New Delhi, Lucknow, Jaipur, Kanpur, Chennai Central, Thiruvananthapuram Central, Secunderabad, Bangalore City, Byappanahalli, Ahmedabad, Bhopal, Habibganj, Agra Central, Chandigarh, Kolkata, New Jalpaiguri, Puri and Kochi.

Integrated security scheme rolled out for vulnerable areas, railway will introduce 50 mobile rail ticket vans, air-conditioned double decker coaches will be rolled out for intercity commuters, now passengers can buy computerized tickets from over 5000 post-offices and there will be ATMs on 200 mid and small sized stations.

Moreover, auto-vending machines to be installed in large and medium stations E-ticket cancellation system to be simplified. High-capacity air-conditioned double-decker trains to be introduced on select inter-city.


* Railways will develop multi-functional complexes with shopping malls, food stalls, medicines and variety stores in different parts of the country.

* Railways to develop cold storages for farmers to store vegetables and fruits.

* Infotainment services will be offered in main long-distance trains.

* In addition, on long distance trains one doctor will be posted.

* Railways to introduce 67 new trains all over the nation.

* Development and special facilities will be provided to 309 stations out of 375 across the nation.

* Unreserved ticketing terminals to be extended from 5000 to 8000. Automatic ticket vending machines will also be increased. Besides, there will be arrangement with Department of Posts for issuance of tickets.

* SMS updates to be offered for passengers to check train status and reservation status.

* Auto-vending machines to be installed in large and medium stations.

* High-capacity air-conditioned double-decker trains to be initiated on select inter-city routes.

* An Integrated Security System is being developed for 130 vulnerable stations to provide security to passengers.

* Seven nursing colleges will be started on railway land in places including Delhi, Kolkata and Mumbai.

* With rail hospitals, Railway medical colleges to be developed on public-private partnership.

* E-ticket cancellation system to be simplified.

*18,000 wagons to be acquired during the present year.

* There will be aim to takeover of sick wagon manufacturing units like Burn Standards with Department of Heavy Industries.

* Railways will launch new policy for construction and operation of private freight terminals.

* Superfast parcel express trains to be started between Delhi and Chennai and Delhi and Mumbai on a pilot basis.

* A new coach factory to be set up at Kanchrapara in West Bengal with state-of-the-art facilities, entirely for manufacturing 500 coaches per annum. Work on coach factory in Rae Bareli to be speeded up.

* Railways to set up a 1000 MW power plant.

* Freight loading target for 2009-10 set at 882 million tonnes, rise of 39 million tonnes.

* In suburban trains, ladies” specials to be initiated during peak hours.

* Railways will receive an additional budgetary support of Rs 5000 crore in the current year.

* Qazigund-Anantnag rail section in Kashmir planned be completed by August.

* Senior officials will be there to monitor execution of national rail projects to ensure their timely completion.

* Minimum Tatkal fee has been reduced from Rs 150 to Rs 100. Tatkal fee will be a percentage of the fair.

* Several new trains are planned will be started with objective to the increase in frequency of trains in key routes.

* ‘Turant’ trains to be introduced, which will be non-stop point-to-point non-air conditioned trains.

*‘Yuva’ trains for young generation to be introduced.

India Inc cheers Rail Budget :)

India Inc cheers Rail Budget

Mamata Banerjee”s grand expansion and modernization plans could generate impressive benefits for India Inc. From upgrading the stations to expanding rail network to running the 57 new trains, all are opportunities that the industry has been waiting for.

With the construction of multifunction complexes on railway land, enhanced security at railway stations or air conditioned double-decker inter city trains across the country-the goodies for industry from Mamata”s bag just did not seem to stop.

For the work to be undertaken at the stations, companies like IVRCL, Gammon and L&T stand to gain.

Companies like Titagarh Wagons, Texmaco and BEML can expect a healthier orderbook with the double-decker coaches that are planned and the dedicated freight corridor could be an opportunity for companies like Mahindra Logistics, Transport Corporation, Gati and Adani Logistics. NTPC has already been named as a partner for the 1000 MW captive power plant.

Arvind Gemini, director of Kalindee Rail Nirman, said, “Construction of doubling, gauge conversion and improvement in signals will give lot of scope. The ticket vending machines will bring benefits to IT companies. We are also involved in IT operations and that is going to give benefits to us.”

Meanwhile, Texmaco president and CEO Ramesh Maheshwari also said that the budget has many special features, which would benefit the company. 🙂