« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  Ficci wants infrastructure tax incentive back... Direct selling agents to pay service tax on gross value... » North Block nixes Lalu`s plan for Rae Bareli November, 15th 2006 The finance ministry has turned down Railway Minister Lalu Prasads proposal to set up a coach factory at Rae Bareli, the constituency of Congress President Sonia Gandhi.    In addition, the ministry has also questioned the plan to manufacture diesel locomotives at a new manufacturing facility at Chapra, Prasads constituency.    Setting up a third coach factory at Rae Bareli is not financially viable, as the railways already have two factories in Chennai and Kapurthala, which at present produce 2,300 coaches annually and will be able to meet the demand of nearly 4,550 coaches by the end of the Eleventh Five-Year Plan, a government source said.    An investment of Rs 1,685 crore is envisaged for the Rae Bareli factory, which aims to manufacture 1,150 state-of-the-art passenger coaches every year. In fact, the railway ministry did not agree to set up the project under the public-private partnership route.    The finance ministrys rejection comes in the backdrop of the Kapurthala coach factory proposing to invest Rs 55 crore to hike capacity by 40 per cent.