RAIL BUDGET - HIGHLIGHTS


RAIL BUDGET - HIGHLIGHTS


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Rail Budget 2012

HIGHLIGHTS * Railways must attract 10 percent of the Rs 20 lakh crore government expects to spend on infrastructure during 12th Plan * Railways expect gross budgetary support of Rs 2.5 lakh crore during 12th Plan. * Collective challenge to formulate viable funding mechanism for modernisation. * Railways should contribute 2 percent of GDP from the present 1 percent. *487 approved projects at various levels of execution *Market borrowing through IRFC at Rs 50,000 cr needed in 2012 *Modernize rolling stock via fresh purchases of wagons, engines *Plan to upgrade 19,000 kms of tracks in 5 years *To create 1000 stations through PPP route in 5 years *Station development org to be funded via PPP *Delhi-Kolkata travel time to be brought down to 14 hours from 17 hours *Facilitate running of longer and heavier freight trains *To introduce double decker container trains *Total cost of signalling for five years is Rs 35,000 crores *17 gauge conversion projects will be completed in F...
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Why foreign institutes dig Indian market

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For foreign universities, which haven't yet recovered fully from the aftershocks of the worldwide recession, India presents, to quote a word re-introduced into the English vocabulary by Tim Burton's Alice in Wonderland , a 'frabjous' opportunity. More than 100,000 students leave Indian shores annually to study at universities abroad. Their presence has made foreign universities wake up to the incontrovertible fact that there's another 'creamy layer' below these students abroad whose families are prepared to pay upwards of Rs 2.5 lakh a year for quality education. Profs debate Foreign Univ Bill What foreign universities Bill can't do International students are the economic mainstay of foreign universities, but these institutions are not in a position to meet the demand for the education they provide on their own campuses back home. This untapped market makes the business of overseas campuses that much more lucrative. For over a decade, foreign univer...
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It's boom time again

With slowdown now history, companies line up for campus recruitment Unlike last year, when placement was a big worry for city colleges and institutes, this year they are making their own rules. With companies lining up for recruitment, several institutes have put a cap on minimum annual packages. This, when the annual packages have been increased. Annual pay packagesAt University Business School (UBS), Panjab University, the highest package has been Rs 10.4 lakh per annum this year � average package has been Rs 6.8 lakh per annum. UBS officials say as many companies are lining up for recruitment, "the highest pay package may rise further". Prof Sanjay Kaushik, training and placement officer at UBS, said, "Placements are definitely better than last year. Also, compared to last year, a few companies have increased their annual pay packages. There is a boom like situation again." Cap on pay packagesUBS has put a cap of Rs 4.5 lakh on pay packages � compa...
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