Rail Budget 2011- No hike in train fares

For the third successive year, the Railway Budget for 2011-12 spared passengers of any increase in fares and proposed no hike in freight rates while introducing 56 new trains, including nine non-stop Duronto trains and three Shatabdis.

Presenting her third budget in UPA-II in the Lok Sabha, Railway Minister Mamata Banerjee announced a slew of concessions including reducing the eligibility age of senior women citizens from 60 to 58 years and the fare concession for men above 60 from 30 to 40 per cent.

Apparently with an eye on the coming Assembly polls in West Bengal, where she is projected as the chief ministerial candidate of the Congress-Trinamool combine, she came out with a number of projects for the state, including a metro coach factory in Singur, Rail Industrial Park in Nandigram, an integrated suburban network for Kolkata and 34 new services for the Kolkata metro.
Source: Rail Budget 2011- No hike in train fares

Indian stock mkt all set to rise next week

After a fall for three successive weeks, the stock markets are likely to witness a relief rally in the coming week on the back of normalcy in Egypt and a correcting trend in global crude oil prices.

The Bombay Stock Exchange bellwether has plummeted by 6.72 per cent or 1,278.92 points in the last three weeks on the macro concerns, including inflation and an 18-day long crisis in Egypt.

But analysts feel military rule after the exit of embattled Egyptian President Hosni Mubarak late on Friday is likely to lift the sentiment on the street.

"The start of the coming week should be on a positive note with the end of the crisis in Egypt. Besides, the market is in oversold zone and all the negative news have been discounted by the investors," Geojit BNP Paribas Financial Services Research Head Alex Mathews said.
source Indian stock mkt all set to rise next week

Black money list revealed !!

After two years of debates and controversies the list of eighteen Indians who have stashed ‘black money’ in the LGT bank of Liechtenstein is out.

The list which was officially handed over to the Indian Government on March 18, 2009 includes 12 trusts and 26 beneficiaries.

The list that Germany shared with India had 12 trusts out of which four belong to Indians.

According to Sources the amounts in the twelve accounts totals nearly to Rs 52 Crores.

The list has been leaked out of various media houses across the country. However, experts are of the view that this could be a plant – while the real account holders are some where out there.

Source: Black money list revealed