Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TDS :: form 3cd :: list of goods taxed at 4% :: due date for vat payment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Budget Extravaganza »
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes

No further fare hike till next rail budget: Chairman of Railway Board
October, 24th 2013

After increase in passenger fares twice in the current financial year, railways today ruled out any fresh hike till the next rail budget in July.

"There is unlikey to be any change in fares till next budget which is around July," Chairman of Railway Board Arunendra Kumar said here when asked whether railways will effect any further hike in near future.

Railways is likely to present a vote-on-account in March next year as the Lok Sabha elections would be round the corner during that period. So, the budget is slated to be held around June-July 2014.

Passenger fares were hiked by about two per cent on October 7, the second time in the current fiscal, as railways decided to link the fare with fuel adjustment component (FAC). The fare was hiked by about 20 per cent earlier in January and later on reservation fee and superfast surcharges were increased from April this year.

The next FAC-linked fare revision is slated in April 2014.

FAC was approved in the rail budget 2012-13 which enabled the public transporter to review freight and passenger fares in every six months keeping the input cost in mind.

Asked about the possibility of levying festival surcharge on tickets, Kumar ansered in negative saying "there is no such plan."

There is a shortfall of total Rs 4000 crores in railway's earnings during the April-September period. While the earnings in passenger segment has fallen by Rs 3000 crore, freight income is down by Rs 1000 crore during the period in the current fiscal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions