The railway minister also said the government's premier think tank NITI Aayog had approved the ministry's Rs 18,000 crore proposal to increase speeds of the Gatiman Express on the two busiest corridors, Delhi-Mumbai and Delhi-Kolkata.
Developed by rail PSU RailTel at an estimated cost of about Rs 53 crore, Railcloud is aimed at optimising server resources and its management.
Besides, in a relief to the MSEs, the sector has been exempted from paying tender cost and earnest money deposit for participating in the railway tender.
The company plans to raise Rs. 500 crores-Rs. 600 crores via the initial public offering; it has appointed Edelweiss Securities and IDFC Bank as merchant bankers for the share sale process
However, foreigners would be allowed to book tickets only in first AC, second AC and executive class of mail express trains and in Rajdhani, Shatabdi, Gatimaan and Tejas trains 360 days in advance as the facility is not available for sleeper and third AC.
The three Dedicated Freight Corridors (DFC) planned by the Railways will provide logistics support to the 'Make in India' campaign and one of the corridors will be connected with the Southern corridor for the benefit of smooth movement of freight from Southern states, Prabhu told reporters here.
State-owned Steel Authority of India Ltd (SAIL) has promised to meet only around 78 percent of demand in the year to end-March 2018, prompting Indian Railways to escalate the problem to the office of Prime Minister Narendra Modi, communications between the railways and the steel ministry show.
This information was revealed by the Centre for Railway Information Systems (CRIS), an autonomous organisation under the Ministry of Railways, in response to a query under the Right to Information (RTI) by activist Chandrashekhar Gaud.
Aiming at enhancing the experience of passengers travelling by these premier trains, the Indian Railways has undertaken a complete makeover exercise in 30 trains - 15 Rajdhani and 15 Shatabdi - at an estimated cost of Rs 25 crore.
The economy ministry said on Friday it had agreed to finance a government feasibility study into a high-speed rail link between Chennai and Mysore, and had also discussed a project to modernise the Chennai-Hyderabad route.
The railways has laid emphasis on improving its infrastructure in the Northeast.
The Delhi High Court today rapped the Indian Railways on its functioning saying it was the "most litigious department" which was not even respecting circulars of a central ministry.
Service tax is levied only on AC and first class travel fares in the Railways. So if a ticket costs Rs 2000, then a passenger will have to shell out Rs 2010 from the next month, said a senior railway ministry official.
The mega project is meant to bring about a paradigm shift in rail operations enabling trains to run at 160 km per hour on the busiest routes on the Indian railway network.
Users can securely link their Visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website.
Besides, the state-run transporter will strengthen safety features in all existing conventional coaches equipping them with strong couplers to prevent capsizing during accidents.
The railways procures material worth more than Rs 50,000 crore annually to cater to the needs for production and maintenance of rolling stocks, signalling, tracks and fuel.
Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.
Besides, the Railways has undertaken energy conservation and energy efficiency measures with a target to achieve 1,000 MW of solar power and 170 MW of wind power installed capacities.
Railway Minister calls Donald Trump’s decision to withdraw from Paris climate accord “unfortunate”, calls for a collective effort to save environment.
Promoting low carbon mass transportation system, the Railways will be using 5 per cent bio diesel and CNG/LNG for traction while stepping up use of renewables up to 10 per cent of its energy needs by 2030.
AC 3 tier is the only profitable segment for the Railways, with subsidised rates weighing down its finances for years.
In a three-phased trial conducted last year, Talgo trains clocked a top speed of 180 kmph on the Mathura-Palwal route and covered the Delhi-Mumbai distance in 11 hours 48 minutes.
The engines worth about Rs 200 crore are manufactured at the Diesel Locomotive Works (DLW) in Varanasi.