The operating ratio of the railways has witnessed a deterioration in comparison to previous fiscals indicating more expenditure and less saving for the public transporter, Lok Sabha was told today.
Odisha Chief Minister Naveen Patnaik today said the state generates an annual revenue of over Rs 15,000 crore for Indian Railway and sought a Rs 5,870 crore package for development of railway infrastructure in the state.
Encouraging participation of states in rail projects, Indian Railway has taken up more than 40 projects worth over Rs 60,000 crore on cost-sharing basis with state governments.
The financial effect of social service obligation on railways for the fiscal 2015-16 is Rs 24,938.57 crore, Minister of State for Railways Rajen Gohain said in a written reply.
Railway minister Suresh Prabhu laid the foundation stone for the Parel suburban terminus and the Panvel coaching complex from Dadar in Central Mumbai.
Railways have offered 400 major stations across the country for redevelopment with private participation.
The drive is expected to gather further pace in 2017-18 when rails will be laid in about 13 km every day. The bar will be raised further in 2018-19 to 19 km per day, according to an action plan formulated by the public sector behemoth to bolster rail network, Railway Ministry sources said.
Indian Railways (IR) had signed an MoU with LIC in March last year for financial assistance of Rs 1.5 lakh crore over the next five years for construction of new lines and route electrification
In comparison, Rs 9,713 crore was raised via 25 such issuance in the entire past fiscal, 2014-15. Most of the funds have been mobilised for expansion plans, to support working capital requirements and for other general corporate purposes.
Describing India as among its most important market, Pichai said Google will set up a new campus in Hyderabad and invest both in engineering and business development in India as well as work to increase internet access and develop products that are lighter and faster.
Escorts has presence in almost all the rolling stock segments of passenger coach, locomotive, wagons, EMUs and metro.
Titagarh Wagons had zero wagon and coach sales in the June quarter as it refused to match the low rates quoted by a competitor, that the Indian Railways expected it to, says the company's Vice Chairman and Managing Director Umesh Chowdhary
Currently passenger trains get preference over the movement of freight trains on the busy tracks across the country which causes delay and uncertainty over the time schedule for delivery of goods.
Steps are being taken for greater delegation of powers to all the 16 railway zones of the country, Railway Minister Suresh Prabhu said here.
Simple danger signages at unmanned level crossings don't work. A bunch of behavioural consultants have a better idea.
The Indian Railway has introduced several measures to ensure Tatkal train tickets reach the common man. Booking counters will now open at 10 am instead of 8 am, the day before the journey from the originating station.
The Indian Railways, which dominate the digital consumption niche in the travel segment in India, didn‘t surprise ...
Many of India’s railway bridges are over a century old and need rehabilitation, which is more than what the cash-strapped Indian Railways can handle.
The Railways is missing its revenue targets and facing a cash squeeze just when it needs the money for large investments.