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New Delhi, The Railways introduced 153 services in 2019-20 as compared to 266 services in 2018-19, which included modern semi-high speed trains like Vande Bharat, <keyword id="3691811" type="COMPANY" weightage="20" keywordseo="tejas-express">Tejas Express</keyword> and UDAY (Utkrisht Double-Decker Air-conditioned Yatri) Express trains, Parliament was informed on Friday. In a written reply to a question in Rajya Sabha, <keyword id="6356740" type="COMPANY" weightage="20" keywordseo="RAILWAY">Railway</keyword> Minister <keyword id="6355222" type="PERSON" weightage="20" keywordseo="piyush-goyal">Piyush Goyal</keyword> said: "To facilitate passengers, Indian Railways, during the period 2018-19 and 2019-20, railways introduced new 153 and 266 services respectively." He said that introducing new services is a continual endeavour of the national transporter to upgrade train services and to provide improved facilities to the passengers. "Indian Railways have introduced premium services like <keyword id="7263559" type="COMPANY" weightage="20" keywordseo="Vande-Bharat-Express">Vande Bharat Express</keyword>, Humsafar, Tejas, Antyodaya, UDAY, to provide better travelling experience to the passengers," he said, adding that state-of-art Vande Bharat Express services have been introduced on <keyword id="3931882" type="LOCATION" weightage="20" keywordseo="new-delhi-varanasi">New Delhi-Varanasi</keyword> and New Delhi-Shri Mata Vaishno Devi Katra sectors. "These trains have ultra modern features like quick acceleration, on board infotainment and Global Positioning System (GPS) based passenger information system, automatic sliding doors, retractable footsteps and zero discharge vacuum bio toilets etc," he said. Goyal said that a total of four pairs of Tejas Express services have been introduced. "Two of these -- Chhatrapati Shivaji Maharaj Terminus-Karmali Tejas Express and Chennai Egmore-Madurai Jn Tejas Express are being run by Indian Railways, while the other two Tejas trains namely, Lucknow-New Delhi Tejas Express and Mumbai Central-Ahmedabad Tejas Express are operated by the Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword>)," he said. Similarly, two pairs of <keyword id="3691812" type="COMPANY" weightage="20" keywordseo="uday-express">UDAY Express</keyword> have been operationalised -- Bangalore City - Coimbatore UDAY Express and Visakhapatnam-Vijayawada UDAY Express. He said that other premium services like Humsafar, Tejas, Antyodaya, UDAY, Mahamana and coaches like Deen Dayalu and Anubhuti, which have upgraded interiors or exteriors and improved passenger amenities, have been introduced in various train services. He further said that the railways is manufacturing only Linke Hofmann Busch (LHB) coaches, which are technologically superior and have better riding, aesthetics and safety features than conventional Integral Coach Factory (ICF) type coaches. "Production Units of railways have stopped the manufacturing of ICF type coaches and are manufacturing only LHB coaches from the year 2018-19 onwards," he said. Goyal also said that vistadome coaches provide panoramic view, through wider body side windows as well as through transparent sections in the roof, thus enabling the passengers to enjoy the scenic beauty of the places through which they travel. "Recently, vistadome coaches on LHB platform have been manufactured with several modern features or amenities," he said. He said that under Project Utkrisht, which was launched in April 2018 to improve the condition of ICF type coaches running in Mail or Express trains, railways has upgraded 447 rakes of Mail or Express trains till December 2020. Similarly, under Project Swarn, 65 rakes of Rajdhani and Shatabdi trains have been upgraded across multiple dimensions, which include coach interiors, toilets, onboard cleanliness, staff behaviour, linen, etc. The Minister said that 63 smart coaches with ultra modern features like smart public address and passenger information system, Smart HVAC (Heating, Ventilation and Air Conditioning system), Smart security and surveillance system etc. have been manufactured and introduced. He said that conversion of end-on-generation (EOG) trains into Head-On-Generation (HOG) trains is om to reduce noise and air pollution at stations and in trains. It is expected to significantly reduce the consumption of fossil fuels, he added. SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/how-big-is-indias-debt-and-should-it-be-a-worry/articleshow/80688623.cms">How big is India's debt and should it be a worry?</a> <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a>

Railways launched 153 new train services in 2019-20, says Railway Minister

<ul><li>The stock of Rail Vikas Nigam has surged 42% in the last five sessions, and has been on an upswing for the last six months.</li><li>On April 26, the stock hit its 52-week high at ₹114.70.</li><li>There are also reports of Indian Railways taking up the production of 120 advanced Vande Bharat Express trains by August 2023.</li></ul>Rail Vikas Nigam Limited (<keyword id="240577" type="General" weightage="20" keywordseo="rvnl" source="Orion">RVNL</keyword>), a public-sector railway company, has been on investors’ radar recently because of a strong rally in the stock led by robust orders. The stock has surged 42% in the last five sessions and 59% in the last one month. It has risen 156% in the last six months. In fact, on April 26, the stock hit its 52-week high at ₹114.70. The interest in the stock is due to the series of orders it has bagged in the last few months. As per media reports, a consortium of RVNL and Russia's CJSC Transmashholding became the lowest bidder for a mega order to manufacture and maintain 200 trainsets of Vande Bharat. Earlier this month, RVNL also emerged as the lowest bidder for a Mumbai Metropolitan Region Development Authority (MMRDA) project worth ₹378 crore. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Orders won </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Order value </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway in consortium with Tracks &amp; Towers Infratech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,271 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manufacturing-cum-maintenance of Vande Bharat Express trains </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">200 trainsets and cost per set is ₹120 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Construction of Six-Lane Elevated Kona Expressway </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹720 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lowest bidder for provision of E1-based Automatic Signaling in stations between Jhansi - Gwalior </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹121 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai Metro line </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹378 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Reinventing itself Rail Vikas Nigam executes all types of railway projects including new lines, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, and institutional buildings. “After being a railway capex arm for almost 20 years, RVNL is reinventing itself and is embarking on a new journey (open bidding vs nomination). With extensive expertise and experience, we think it will be difficult to replace RVNL for railway projects while it wins new opportunities in new sectors and geographies,” said a report by Elara Capital. It works on a turnkey basis and undertakes the full cycle of project development from conceptualisation to commissioning, including stages of design, preparation of estimates, calling contracts, and project and contract management. The public- sector player has also incorporated a subsidiary named Kinet Railway Solutions. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rail Vikas Nigam </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 estimated </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sales </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,403 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹19,381 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,020 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Other income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹807 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹903 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,001 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹991 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,182 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,298 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Asit C. Mehta Institutional Research Vande Bharat programme an upside trigger for RVNL There seem to be more orders on the way for the company, as media reports suggest that the Indian Railways will start the production of 120 advanced Vande Bharat Express trains by August 2023. The central government has sanctioned ₹600 crore to set up a coach factory at Latur and to begin the operations at the earliest. Presently, 14 Vande Bharat Express trains are operating on different routes across the country. In the 2023-24 budget, the government increased its capex by 33.4% to ₹10 Lakh crore for infrastructure development, with record allocation to the Railways. “100 transport infrastructure projects identified for end-to-end connectivity for ports, coal, steel and fertiliser sectors. It’s the highest-ever capital allocation for Railways and is nearly nine times over FY14 allocations with an outlay of ₹2.4 lakh crore provided for railways in FY24,” said a report by Asit C Mehta Investment Intermediates titled ‘Accelerating growth prospects’. As more orders are set to roll in, brokerages expect RVNL’s revenue and margins to improve as well. “Management expects margins to gradually improve as the share of nomination-based bidding comes off (cost + fixed margin). For FY23, management targets a revenue of ₹200-205 billion,” said the Elara report. Analysts at Asit C Mehta said they expected the company’s revenue to grow at a compound annual growth rate (CAGR) of almost 20% over FY23-FY26. “RVNL’s expertise and experience in diversified infrastructure projects - from rails, roads, marine, hill areas, metro trains and many other areas, with (an) existing strong order book, we believe RVNL is well placed to capitalise on these opportunities,” said Asit C Mehta. The brokerage has a ‘Buy’ rating on the RVNL stock with a target price of ₹120, indicating that there is more juice left in it even after turning a multibagger. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/bajaj-auto-rides-on-richer-product-mix-in-q4-but-export-and-disruption-concerns-persist/articleshow/99784940.cms">Bajaj Auto rides on richer product mix in Q4, but export and disruption concerns persist</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/what-type-of-documents-require-for-the-return-filing-in-fy-2022-23/articleshow/99764857.cms">Your comprehensive document checklist for income tax return filing</a>

This railway stock has turned a multibagger as its order book expands

The people have high expectations from the <keyword id="4183143" type="General" weightage="50" keywordseo="rail-budget" source="Orion">Rail Budget</keyword> as the Union Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> will present her fifth <keyword id="6358021" type="General" weightage="80" keywordseo="budget" source="Orion">Budget</keyword> on February 1. In its first term, the Modi government the Centre had linked the Rail Budget with the General Budget, under which the money for the <keyword id="6356740" type="General" weightage="100" keywordseo="railway" source="Orion">Railway</keyword>s is now provided. According to the information, the Centre is going to increase the Railway Budget this time by up to 20 per cent. Earlier, in the pre-Budget meeting, the Railway Board demanded 25-30 per cent more funds in the allocation of the Finance Ministry. In such a situation, the government can give a fund of about Rs 2 trillion to the Ministry of <keyword id="6360676" type="General" weightage="80" keywordseo="railways" source="Orion">Railways</keyword> in the Budget leading to an atmosphere of enthusiasm in sectors related to the Railways. There have also been various demands from the passengers. This is the last full Budget of the Modi government before the upcoming Lok Sabha elections. Along with this, before the 2024 Lok Sabha polls, elections will be held in 10 states of the country in this year, including big states like Rajasthan, Chhattisgarh, Madhya Pradesh, Karnataka, Telangana and Tripura, Meghalaya, Nagaland and Mizoram in the Northeast. Elections can be held in Jammu and Kashmir this year. In this Railway Budget, the Central government can announce many new railway facilities for passengers. It is believed that this time, the Rail Budget can prove to be an election budget, especially in those states where elections are to be held. This may result in some special announcements from the Centre for these states. However, the Union Ministry of Railways so far has achieved Rs 42,370 crore more revenue as compared to the previous financial year. The Railway's income has increased by 71 per cent, whereas earlier in 2021, there was a loss of Rs 26,338 crore, which led to the government decreasing the concessions provided to the common people. In view of the strong figures of Railways earnings, people from all sections have raised demands to again implement the subsidies, including the one where senior citizens above 60 years of age used to get up to 50 per cent discount before the Covid-19 pandemic, which has now been discontinued. According to the Railways, there is no plan in this Budget to give concession in rail tickets to senior citizens. The Central government will invest mostly in the modernisation of the Railways. Railways have also been focusing on building better domestic infrastructure for manufacturing trains. In this, plans are also being made to reduce foreign dependence. In this Budget, emphasis can be laid on making new Vande Bharat Express trains and Vande Bharat 2.0 with sleeper berth facilities. This train will work like the Rajdhani Express in which passengers will get the facility of sleeper AC coaches. In the Rail Budget 2023, a scheme of Rs 2.70 lakh crore can be announced for 500 Vande Bharat trains, 35 hydrogen trains, 5000 LHB coaches and 58000 wagons. Significantly, during the announcement of the last Rail Budget, the Finance Minister announced the National Rail Plan 2030, under which preparations were made for the development of the Railways. The Centre had talked about investing Rs 1 lakh crore, for the same. By December 2023, 100 per cent electrification of broad gauge railways will be completed. Similarly, a metro rail system is being prepared in two cities of the Tier-2 category and outer parts of Tier-1 category cities, under which Indian Railways will become the world's first 100 per cent green rail service by the end of this year. Along with this, the Centre can announce the adoption of hyperloop technology in the rail budget. In this, pods carrying passengers travel through tubes or tunnels. This technology is faster than bullet trains. Along with this, the government can make announcements regarding infrastructure in this Budget. However, under Vision 2024 projects, in the second half of the decade, multitracking and signalling upgrades of congested routes are targeted, in addition to the commissioning of new dedicated freight corridors and high-speed passenger corridors. The new railway track will be a part of the new vision document of Indian Railways and will be completed in a phased manner. In the next financial year, a target of laying about 4,000 km long lines can be fixed. An announcement to electrify a 7,000 km broad gauge line in the upcoming Budget can also be expected with an allocation of Rs 10,000 crore. With the electrification of a 7,000 km long broad gauge line, the target of electrifying the entire railway network will be achieved. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/govt-may-not-announce-capital-infusion-for-psu-banks-in-budget-2023-24/articleshow/97247553.cms">Govt may not announce capital infusion for PSU banks in Budget 2023-24</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/canara-bank-q3-profit-surges-92-to-2882-crore/articleshow/97245895.cms">Canara Bank Q3 profit surges 92% to ₹2,882 crore</a>

Railway Ministry sets in motion ₹ 2-trillion budgetary push

Patna, Feb 1 (PTI) A key political aide of Bihar Chief Minister Nitish Kumar on Tuesday attacked the Narendra Modi government at the Centre, calling the Union budget "disappointing" for the state. Upendra Kushwaha, who was a part of the Union council of ministers till he resigned in 2018, offered his take on Twitter. "The Union Budget might be historic for developed states. But for Bihar it is disappointing," tweeted Kushwaha, who heads the parliamentary board of the JD(U). He added that Union Finance Minister Nirmala Sitharaman has "let the people of Bihar down by turning a deaf year to the demand for special category status". Kushwaha, who has of late been hitting out at the BJP by his aggressive stance on "denigration" of Emperor Asoka by a Sahitya Akademi Award-winning playwright with alleged links to the saffron party, also added a provocative hashtag to his tweet "desh ke pradhan, Bihar par dein dhyaan". A predictably peeved BJP hit back. "If somebody, despite having been a Union minister, expects the budget to announce special category status, one can only pity his ignorance," said state BJP president Sanjay Jaiswal, whose spat with Kushwaha keeps making headlines. "I have said this before and am saying it again that the central share of revenue for Bihar is greater than what a more populous and productive state like Maharashtra is getting. This demonstrates the Modi government's concern for poor states like Bihar," Jaiswal told reporters. Meanwhile, the sentiment at the Bihar Industries Association (BIA) seemed to be more in sync with that of the chief minister's party which shares power at the Centre. In an interaction with journalists after the budget was tabled, BIA president Arun Agrawal bemoaned that "no steps was taken for accelerating economic growth in the state which has a per capita income of Rs 45,000, as against the national average of Rs 1.35 lakh". The association's member and former president Ram Lal Khaitan said "political will" was needed to ensure that the backward state got its due and urged "elected representatives from all parties" to come together and make themselves heard. The BIA office bearers were also of the view that projects like national highways and Vande Bharat Express trains were insufficient for the state. PTI NAC RMS RMS

Kushwaha says Union budget 'disappointing' for Bihar, BJP fumes

<ul><li>The Indian government has called it a historic move. </li><li>State-owned <keyword id="71137" type="COMPANY" weightage="20" keywordseo="Diesel-Locomotive-Works">Diesel Locomotive Works</keyword> has converted two WDG3A Diesel Locos into a twin electric WAGC3 locomotive of 10,000 horsepower. </li><li>The launch of the <keyword id="930179" type="PERSON" weightage="20" keywordseo="electric-locomotive">electric locomotive</keyword> comes just days after PM Modi unveiled the Delhi-Varanasi Vande Bharat express. </li></ul>India Prime Minister Narendra Modi today flagged off the first electric engine converted from diesel locomotive in Varanasi today, making India the world’s first country to achieve the same. The new electric engine was a project undertaken by Diesel Locomotive Works based out of Varanasi. The DLW converted two WDG3A Diesel Locos into a twin electric WAGC3 locomotive of 10,000 horsepower. According to official statements, the government has called it a ‘complete Make in India’ initiative which will result in less greenhouse gas emissions while also making way for better efficient locomotives. This comes in just days after PM Modi unveiled the Delhi-Varanasi Vande Bharat express ‘Train 18’, which <a href="https://www.indiatoday.in/india/story/a-day-after-launch-vande-bharat-express-breaks-down-while-returning-from-varanasi-1457476-2019-02-16">broke down</a> on its first commercial run. The project which started work on December 22, 2017 was <a href="https://www.financialexpress.com/infrastructure/railways/indian-railways-leads-world-by-example-pm-modi-flags-off-1st-ever-diesel-to-electric-conversion-locomotive/1491851/">reportedly </a>completed in a record duration of 69 days. In 2016, the Indian Railways had launched Mission Electrification on November 3, 2016. As part of Mission Electrification, in the recent past 10 different electrification projects covering 2516 route kilometer at a cost of about Rs 2797 crores. have been finalized in a short duration, according to official statements. See Also: <a href="https://www.businessinsider.in/seats-available-in-indian-railways-group-c-and-group-d-jobs-are-down-the-most/articleshow/67619669.cms">In charts: How Indian Railways has cut the number of employees in the last decade</a> <a href="https://www.businessinsider.in/indian-railways-hooks-up-with-isro-satellites-to-live-track-trains/articleshow/67566131.cms">Indian Railways hooks up with ISRO satellites to live track trains</a> <a href="https://www.businessinsider.in/indian-railways-comes-up-with-ai-enabled-robot-ustaad-designed-to-boost-safety-in-trains/articleshow/67281709.cms">Indian railways comes up with AI enabled robot ‘USTAAD’ — designed to boost safety in trains</a>

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