Indian railways plans to borrow $3 bln in 2012/13

NEW DELHI Wed Mar 14, 2012 5:51pm IST

Passengers offer prayers before boarding a train at a railway station in New Delhi March 13, 2012. REUTERS/Adnan Abidi/Files

Passengers offer prayers before boarding a train at a railway station in New Delhi March 13, 2012.

Credit: Reuters/Adnan Abidi/Files

Related Topics

NEW DELHI (Reuters) - India's railway ministry plans to borrow 150 billion rupees from the market through the Indian Railway Finance Corporation (IRFC) in the 2012/13 fiscal year, Railway Minister Dinesh Trivedi said on Wednesday.

Speaking as he unveiled the ministry's budget to parliament, he also said India planned to invest $147 billion in the railways during the next five-year plan period that runs from 2012 to 2017.

(Reporting by Matthias Williams and Manoj Kumar; editing by Malini Menon)

FILED UNDER:

Reuters Showcase

Economic Survey

Economic Survey

India in "sweet spot" of lower deficits, more growth  Full Article 

Land Ordinance

Land Ordinance

Modi says willing to make changes in land decree  Full Article 

Sahara Woes

Sahara Woes

SEBI cancels Sahara's portfolio management licence  Full Article 

Sahara Salaries

Sahara Salaries

Some staff say Sahara has not paid salaries for months   Full Article 

GM Corn

GM Corn

Monsanto says GM corn trial in final stage in India  Full Article 

Rail Budget

Rail Budget

Breakingviews - India goes back to future with $137 bln rail push  Full Article | Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage