RAILWAY BUDGET

PRESENTED BY:A08 A09 A11 A12 A13 B43

HIGHLIGHTS

Railway budget for 2011-12 presented in lok sabha on

Friday by railway minister mamata banerjee.

1. Earning for 2011-12 set to exeed Rs.1 lakh crore. 2. Working expenditure during year 2011-12 estimated at Rs,87000 crore. 3. Outlay of Rs.57,630 crore for 2011-12 the highest investment in one year. 4. No increse in fares.

CONTD
5.Loss of Rs.3500 crore in 2010-11. 6.Ten year backlog of 1.75 lakh jobs being addressed;16000 ex service man to be given job in indian railways.

Railway Budget: New Ticketing Portal With Lower Fees; Smart Cards; Internet Access On Rajdhani:A new railway ticketing portal is being launched by the Indian Railways, which will be run by Centre for Railway Information Systems (CRIS), the IT arm of Indian Railways. In her third consecutive annual Railway Budget today, Railway Minister, Mamata Banerjee said that the service charge for booking of tickets through this portal would be cheaper at Rs 10 for AC classes and Rs 5 for others, which is half the half of the existing service charge levied by the IRCTC reservation portal, at Rs 20 for AC and Rs 10 for others.

Other proposals:
1.Go India Smart Card: The minister announced the introduction of a panIndia, multi-purpose Go-India smart card on a pilot basis, a single window package for passengers to seamlessly pay for tickets for long distance, suburban, and metro journeys. The card can be used in booking counters, vending machines, and Internet, among others.
2.in-Train Internet: The railways will offer Internet access on HowrahRajdhani Express as a pilot project. We wonder why the pilot is not being carried out on Mumbai Rajdhani, which runs on one of the busiest route, and carries business passengers. Remember that In-Train Internet and TV pilots have been announced quite frequently. -3.Software R&D Center: The railway minister has also announced opening of a center of excellence in Software under CRIS at Darjeeling to encourage software development.

Contd
Mamata, however, said rail accident rate has declined from 0.29 per cent last year to 0.17 per cent at present. The states with lowest number of rail accidents will get two new projects and two new trains as an incentive. The booking charges for A/C as well as non A/C seats have been slashed by 50 per cent and online ticketing is all set to get cheaper. The booking charges for A/C as well as non A/C seats have been slashed by 50 per cent and online ticketing is all set to get cheaper.

Rail Budget 2011: No increase in train fares this year

The Railway Budget for 2011-12 spared the 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.

Regretting the two incidents of sabotage that led to a large number of deaths last year, Mamata said to avoid such incidents in future, anti-collision devices will be commissioned in three more divisions and all unmanned crossings will be done away with in the next fiscal.

FINANCE BUDGET 2011

MEANING:-

Financial budget one embraces the impact of financial decision of the firm. It is plan including a budgeted balance sheet ,which shows the effect s of planned operation and capital investment on assests, liabilities and eqiuities. It also include cash budget,which forcast which flow of cash and other funds in the business.

MANUFACTURING SECTOR 2011 World economic growth slows sharply in March

Global economic growth slowed sharply in March, dragged down by weaker growth in the United States and a marked contraction in Japan. The JPMorgan Global All-Industry Output Index fell to a six-month low of 54.7, down from 59.2 in February but still above the 50 mark that divides growth from contraction.

The survey's jobs index fell in March to 52.7 from 53.5, with manufacturing showing the stronger growth. The global services PMI also slipped sharply, down to 54.0 in March from February's near five-year high of 59.2. March marked the lowest reading for six months.

Micro Tech may give 67% returns: Swastika Investmart

Swastika Investmart has come out with its report on Micro Tech. According to the research firm Micro Tech may give 67% returns with a target of Rs 200 in its April 4, 2011 research report.
Micro Technologies India a leading global developer, manufacture and maker of security devices for its clients across the globe. The company incorporated in 1992 and headquarters in Mumbai, India. Company product line includes the much needed Security devices, life style and support system and webbased software. Company aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, computers, and premises, mobile, other assets and now entering energy & Health Segment.

MICROTECH:Current ratio of company comes from 7.52 in 2007 to 2.10 in 2010 (Near to Ideal Ratio) which indicate company uses its Resources properly and can meet its current obligations. Net Profit Margin and Operating Profit Margin of the company are quite stable in last 4 years. Amongst peers, Micro Tech. is having highest turnover of Rs 310.22 Crores in FY-10. Highest EPS at Rs 57.92 and lowest PE at 2.59 which Indicates company is undervalued.

Infosys' poor guidance, inflation drag Nifty below 5850

Indian equity benchmarks were seeing huge selling pressure after IT bellwether Infosys' disappointing EPS guidance for FY12 and rising inflation for the month of March. The Nifty was trading below the 5850 level due to unwinding pressure. However, there was some support too due to buying on dips by traders as well as investors at 13:45 hours. The 30-share BSE Sensex was trading at 19,410, down 287 points and the 50-share NSE Nifty plunged 79 points 5,832. India's second largest IT services exporter Infosys has disappointed the street today by declaring earnings per share guidance at Rs 126.05-128.21, which was way below analyst expectations.

Bonanza for infrastructure sector

Infrastructure remains a vital sector for Indias growth story, which was reiterated today by Finance Minister Pranab Mukherjee in his Budget 2011-12 speech today. Construction projects in various verticals like road, low-cost housing, ports and airports, bridges and special economic zones (SEZ) will propel the growth and order book of construction companies.

Indias development however has failed to meet its fast economic growth. Foreign investors often complain about the slow progress in shoring up infrastructure and have called for less bureaucracy

Proposals in Budget 2011

Pranab Mukherjee has planned an allocation of Rs 2.14 lakh crore towards developing the countrys infrastructure in the next fiscal.

Mukherjee also proposed tax free bonds of Rs 30,000 crore for the enhancement of infrastructure in railways, ports, housing, and highways.

India Infrastructure Finance Company Limited or IIFCL is expected to achieve a disbursement target of Rs 20,000 crore by March 31, 2011 and Rs 25,000 crore by March 31, 2012. The take-out financing scheme announced in the Budget 2009-10 has been implemented and seven projects have been sanctioned with a debt of Rs 1,500 crore. Another Rs 5,000 crore will be sanctioned during 2011-12.

Contd
Mukherjee also revealed that the take-out financing scheme announced in the last budget has been implemented and seven projects had been sanctioned with a debt of Rs 1,500 crore. Another Rs 5,000 crore has been proposed to be sanctioned during 2011-12. The finance minister also proposed to raise the corpus of rural infrastructrure development fund from Rs 16,000 crore to Rs 18,000 crore.
Tax sops in infrastructure investment up to Rs 20,000 has been extended by a further one year.