Having presented five consecutive railways budgets between 2004- 2008 without “directly” raising fares — in fact, making conditional fare-cuts here and there — Yadav looks all set to keep his date with history when he rises to present the interim rail budget in Lok Sabha on February 13. Railway Minister Lalu Prasad is expected [...]

1. Dearness allowance or dearness pay unless it enters into the computation of superannuation or retirement benefits of the employee concerned;
2. employer’s contribution to the provident fund account of the employee;
3. allowances which are exempted from payment of tax;
4. the value of perquisites specified in sub-section (2) of section 17 of the Income-tax Act;
It [...]

India Inc has hailed the Indian Railway Budget 2007-08 as promising and progressive. They feel measures, especially those on containers and freight services, will not only help the industry but benefit the general public as well. Railway Minister has bet his budget on a buoyant economy and the fact that he has cut passenger [...]