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Railway Minister Announces Introduction of New Trains and Other Services The move Implements the Announcements made in the Railway Budget 2011-12

, by indianmilitaryveterans


Railway Minister Announces Introduction of New Trains and Other Services 
The move Implements the Announcements made in the Railway Budget 2011-12

The Minister of Railways, Shri Dinesh Trivedi today announced introduction of 26 new trains, extension of five existing trains, increase in frequency of two existing trains and introduction of new five sub-urban trains.  Most of these new services announced were part of the Railway Budget 2011-12.  The trains announced in the Railway Budget 2011-12 are implemented by the end of the financial year i.e. 31st March 2012.     With this announcement, 115 out of 132 new trains proposed for introduction during Railway Budget 2011-12 will get introduced, 19 out of 22 increase in frequency of trains proposed in Railway Budget 2011-12 will be effected and all the extension of trains proposed in Railway Budget 2011-12 will get implemented.  Efforts are being made to ensure introduction of other remaining services proposed in the Railway Budget 2011-12 by the stipulated date of 31st March, 2012.  Today’s announcement include three Duronto, one Shatabdi, one fully AC Express, three  Rajyarani Express, nine Mail and Express services, three MEMU services, three DEMU services and five EMU services.
In case of new trains, local public representatives as per laid down protocol will be invited by the concerned Zonal Railway/Divisional Railway for the formal flagging off in next 7 to 10 days. 
Extension and increase in frequency of the existing trains will be introduced with immediate effect, as operationally feasible. 
The list of new trains, extension of existing services etc. is given below:

Sl
Train no. and name
1
12297/12298 Pune-Ahmedabad AC Duronto (Tri-weekly)
2
22209/22210 Mumbai Central-New Delhi AC Duronto (Bi-weekly)
3
19405/19406 Ahmedabad-Yesvantpur AC Express (Weekly)
4
12567/12568 Saharsa-Patna Rajya Rani Express (Daily)
5
22101/22102 Manmad-Mumbai Rajya Rani Express (Daily)
6
19261/19262 Porbander-Kochuvelli Express (Weekly)
7
22901/22902 Udaipur-Bandra(T) Express (Tri-weekly)
8
18511/18512 Visakhapatnam-Koraput Intercity Express
9
57477/57478 Tirupati-Guntakal Passenger (Daily)
10
58301/58302 Koraput-Sambalpur Passenger (Daily)
11
59425/59426 Bhuj-Palanpur passenger (Daily)
12
66302/66303 Ernakulam-Kollam MEMU (6 days a week)
13
77683/77684 Jalna-Nagarsol DEMU (6 days a week)
14
77686/77685 & 77688/77687 Kacheguda – Nizamabad DEMU (6 days a week)
15
77681/77682 & 77679/77680 Falaknuma-Medchal DEMU (6 days a week)
16
19027/19028 Bandra (T)-Jammu Tawi Vivek Express (Weekly)
17
12293/12294 Allahabad-  Mumbai  AC Duronto (Bi-weekly)
18
22454/22453 Meerut-Lucknow Rajya Rani Express (Daily)
19
13423/13424 Bhagalpur-Ajmer Express (Weekly)
20
12371/12372 Kolkata-Jaisalmer Express (Weekly)
21
22451/22452 Mumbai-Chandigarh Express (Weekly)
22
19407/19408 Varanasi-Ahmedabad Express (Weekly)
23
15033/15034 Haridwar-Ramnagar Express (Tri-weekly)
24
66019/66020 Salem-Katpadi MEMU (6 days a week) (Railway Budget 2010-11)
25
66300/66301 Ernakulam-Kollam MEMU (6 days a week) (Railway Budget 2010-11)
26
Introduction of Anandvihar-Kathgodam Shatabdi Express (4 days a week)

EXTENSION:
1. 59803/59802 Nagda-Kota Passenger extension upto Ratlam
2. 19603/19604 Sultanpur-Ajmer Express extension upto Ahmedabad
3. 12965/12966 Udaipur-Gwalior Express extension upto Khajuraho
4. 55007/55008 Hajipur-Thawe Passenger extension upto Kaptanganj
5.12891/12892 Bhubaneswar-Baripada Express extension upto Bangriposi

INCREASE IN FREQUENCY:
 1. 59025/59026 Surat-Amravati Fast Passenger from 2 to 3 days a week.
 2. 15279/15280 Saharsa-Adarsh Nagar Delhi Express from weekly to bi-weekly

SUBURBAN:
1       Avadi-Chennai Beach                         
2       Chennai Beach-Gummidipundi                                  
3       Gummidipundi-Chennai Beach                                   
4       Chennai Central-Tiruvallur                              
5       Tiruvallur-Chennai Central    
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(Release ID :80749)

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Parliamentary panel submits report on Direct Tax Code, suggests bonanza for taxpayers Raise I-T exemption limit to Rs3 lakh, says parliamentary panel on DTC

, by indianmilitaryveterans


Parliamentary panel submits report on Direct Tax Code, suggests bonanza for taxpayers
Raise I-T exemption limit to Rs3 lakh, says parliamentary panel on DTC 

Besides hiking the income tax exemption to Rs3 lakh from Rs1.8 lakh at present, the Standing Committee on Finance also suggested that 10% tax be levied on taxable income between Rs3-Rs10 lakh, 20% between Rs10-Rs20 lakh and 30% over Rs20 lakh
New Delhi: Ahead of the Budget, a parliamentary panel that scrutinised the Direct Taxes Code (DTC) Bill has suggested that income tax exemption limit be raised to Rs3 lakh per annum, and the investment limit for tax savings schemes be hiked to Rs3.20 lakh, reports PTI.
In its report, which was submitted to the Lok Sabha speaker Meira Kumar today, the Standing Committee on Finance suggested that the wealth tax limit be pegged at Rs5 crore, while the Securities Transaction Tax (STT) be abolished.
As regards the corporate tax, the committee, which is headed by senior BJP leader and former finance minister Yashwant Sinha, recommended that the rate be retained at 30%.
The report will pave the way for debate and passage of the DTC Bill, which seeks to replace the Income Tax Act, 1961, by Parliament.
Besides hiking the income tax exemption to Rs3 lakh from Rs1.8 lakh at present, the Standing Committee also suggested that 10% tax be levied on taxable income between Rs3-Rs10 lakh, 20% between Rs10-Rs20 lakh and 30% over Rs20 lakh.
At present, 10% tax is levied on income between Rs1.8-Rs5 lakh, 20% on income between Rs 5-Rs8 lakh and 30% above Rs8 lakh.
The DTC has proposed income tax exemption limit at Rs2 lakh, 10% between Rs 2-Rs5 lakh, 20% Rs5-Rs10 lakh and 30% above Rs10 lakh.
With regard to tax savings scheme, the panel has proposed to raise the total tax exemptions limit under various schemes to Rs3.2 lakh from existing Rs1.8 lakh and Rs2 lakh suggested by the DTC.
With regard to the wealth tax, the committee suggested that it should be levied only if the value of specified asset exceeds Rs5 crore as against Rs30 lakh currently and Rs1 crore suggested by the proposed DTC Bill.
As regards the rate, it said, the wealth tax should be charged at 0.5% on assets between Rs5-Rs20 crore, 0.7% on assets between Rs20-Rs50 crore and 1% above Rs50 crore. The wealth tax rate now is 1%.
The DTC Bill, which seeks to modernise the direct tax structure in the country, was referred to the Parliamentary Committee in August 2010.
The government, pending approval of the DTC Bill by Parliament, is likely to introduce some measures concerning taxes in the forthcoming Budget itself to be presented by finance minister Pranab Mukherjee in the Lok Sabha on 16th March.
The Budget Session of Parliament will begin on 12th March with president Pratibha Patil addressing the joint sitting of members of the Lok Sabha and the Rajya Sabha.

Source : Pay commission

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