Railway stocks jumped on hopes of positive changes in the upcoming Railway Budget 2012. On Wednesday, (March 14, 2012), Minister for Railways, Dinesh Trivedi would be presenting the Railway Budget for the financial year 2012-2013.
Acording to reports, industry experts hope that the railway Budget will reduce export levy on iron ore fines which would,in turn, push up exports. Given the financial condition of railways, this Rail Budget is also likley to seek a two-year moratorium on paying dividend to the government.
The railways also have to focus on strengthening tracks, building more wagons and locomotives, signals, remodelling stations and building freight terminals. These areas are capital intensive and need the participation of the private sector.
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Acording to reports, industry experts hope that the railway Budget will reduce export levy on iron ore fines which would,in turn, push up exports. Given the financial condition of railways, this Rail Budget is also likley to seek a two-year moratorium on paying dividend to the government.
The railways also have to focus on strengthening tracks, building more wagons and locomotives, signals, remodelling stations and building freight terminals. These areas are capital intensive and need the participation of the private sector.
....more info