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Jaitley hints at no populist measures for railways in next budget

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8 years ago

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New Delhi, Finance Minister, Arun Jaitley,budget, populist measures, railways, Indian Railways,New Delhi: Finance Minister Arun Jaitley on Tuesday indicated that no populist measures will come through for the railways when its budget will be merged with the general budget from the next fiscal. “Around the world that organisation is successful which follows a financial model wherein consumers pay for the services they use,” Jaitley said here at the national conference on Accounting Reforms in Indian Railways organised by Confederation of Indian Industry (CII).

He said populism required that consumers do not need to pay for the services they use but these were not the principles “on which the largest operator of transport can work”. “We aim for a creation of Railways as a service organisation which is commercially able to sustain itself and also provide world class quality and infrastructure.”

The Finance Minister said dangers of losing out at competition with other modes of transport had started reflecting in the Indian Railways account books.”Because of this pressure, Railways was keen that Finance Ministry takes over its budget.” The government earlier this year announced the merger of the rail budget with the general budget, putting an end to the over 92-year old practice.

On the reforms in accounting services of the Railways, Jaitley said these must reflect the actual investments being made.”Accounting services should show the reality. New accounting reforms being suggested will reflect that,” he said.From 2019, the Indian Railways intends to shift to accrual-based accounting for a more precise assessment of costs and investments.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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