Money on the markets
A maturing market amid the mayhem
Should we have a separate railway budget?
A railway budget separate from the general budget started in 1924 because the railways then formed more than a third of the budget.
A dedicated budget for railways was called for.
However the pattern of government’s finances has changed and the railways despite the impressive statistics - 63,327-kilometre network, 18 million passengers, two million tons of freight – is less important.
Although being the largest state-run enterprise, the immense power of patronage it embodies makes it politically very lucrative.
In the coalition era, the ministry has always gone to an ally with considerable political heft.
Sensex slips 55 points in choppy trade
Investors today booked profits in a market that had touched a 10-month high on Wednesday, bringing the benchmark down by 55 points.
The Sensex closed at 15,411 after recovering over 150 points from the day’s low. The index was led lower by losses in Infosys, ONGC and SBI.
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- Ranbaxy shares slump after Daiichi Sankyo says misled
- China's Lenovo buys and diversifies to outshine PC rivals
- BSE Sensex falls; Ranbaxy, L&T slump
- Asian shares extend losses after China HSBC flash PMI
- China HSBC flash PMI hits seven-month low, fans growth fears
- Rupee at new six-month low; refiner sells dollars
- Samsung says Galaxy S4 sales hit 10 million
- Gold slips after Bernanke hints at slowing bond buys
- GM recalls more than 27,000 Cadillac crossovers with wheel issue
- Wall Street falters in volatile session on Fed worries
The Wall
