Expect A “Good” Budget : Laloo

admin — Sun, 25 Feb 2007 16:16:34 +0000

One day before the railway budget is announced, railway minister Laloo Yadav has stated that people can expect a “good” railway budget and that interests of all sections of society have been kept in mind while preparing the budget.

He also added that safety and security issues have also not been neglected.
Laloo did not talk about any particular change, but it is likely that freight charges on essential commodities will be reduced to fight inflation. Indian railways currently has a cash surplus of 2.5 billion dollars and can afford to cut charges on certain goods. For years the railways had been a loss making “white elephant” for the government, but since last year has started making profits.

What Corus Sum Can Do

admin — Mon, 05 Feb 2007 07:35:47 +0000

Tata Steel’s recent purchase of Corus is the largest international buyout by an Indian firm.

The $12.1 billion that will be used by Tatas is not a small amount.

An article in the Times of India presents some astonishing figures:

The amount used by Tata steel for the purchase – Rs 54500 crore can be utilized for any one of the following:

-Finance India’s healthcare and education budget for 1.5 years.

-Finance India’s defense budget for six months.

-Finance salaries of all central government employees for 1 year and four months.

-Finance all major subsidies provided by the Indian government for 1 year and three months.
-Can be used to build 4500 kms on expressways in India.

-Can be used to build 80 new AIIMS (All-India Institute of Medical Sciences) across India.

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Expect A “Good” Budget : Laloo

What Corus Sum Can Do