BUSINESS
16 firms in fray for Indian Railways' largest wagon-making order
Indian Railways' record tender is expected to hit wagon procurement by other entities. The industry may also struggle to churn increasing wagon demands amid rising input prices, Ukraine war
TRENDS
Such a long journey
How yesterday's railway platform children have emerged today's heroes.
BUSINESS
Indian Railways working on green rating system to woo corporate customers into freight business
The Centre for Railway Information Systems will maintain a Green Point generating an account for every freight customer, starting April 1, 2022. All customers registered on the Railways portal will get ‘green points’. Once a railway receipt is generated for a customer who has booked cargo for rail movement service, the points will be credited to the RGP account of the customer
BUSINESS
Budget 2022 | IRFC to borrow Rs 66,500 crore in FY2022-23
By proposing to electrify 6,500 km of routes in the financial year 2022-23, Indian Railways has moved a few steps closer to its target of completely electrifying its network.
BUSINESS
Budget 2022 | Indian Railways’ capex spend to be 14% higher
Budget 2022 | New Vande Bharat trains may cost anywhere between Rs 40,000 and Rs 60,000 crore, experts estimate
BUSINESS
Budget 2022 | As part of Gati Shakti, Sitharaman proposes interest-free loans to states to attract investment
Finance minister proposes Rs 1 lakh crore, 50-year interest free loans to states under PM Gati Shakti
ANNOUNCEMENTS
Economic Survey 2022: Railways freight overcomes COVID-19 woes, passenger segment still struggling
Indian Railways’ focus on freight movement during the pandemic has resulted in Railways clocking over 18 percent growth in cargo loaded in the first three quarters of the present financial year 2021-22 over the corresponding period of the previous year, points out the Survey.
BUSINESS
Economic Survey 2022 | Railways to see 'very high' capital expenditure in next 10 years
As part of the national rail plan, the Indian Railways also aims to corner 40 to 45 percent of total domestic cargo movement from its current share of 26-27 percent.
BUSINESS
India may need to spend 11% of GDP to meet Net Zero Goals: McKinsey
Power assets in India most vulnerable, country needs to balance multiple priorities of economic growth, climate change
BUSINESS
Over 70% of waste workers’ households have less than Rs 10,000 income: UNDP
About 40 percent of waste workers do not have ration cards, less than 15 percent have an ATM card and less than 5 percent have access to digital payment methods and health insurance, despite them working as frontline workers during the pandemic.
BUSINESS
Budget 2022: What’s in store for Indian Railways?
An increase in capital expenditure is likely for the state-owned transporter, which is seeking to improve services for both passengers and cargo customers.
BUSINESS
Gati-Shakti boxes, and Indian Railways’ strategy to woo more cargo
These boxes can change the way small businesses use rail transport, and can increase the revenue of the national transporter considerably
BUSINESS
Budget 2022: Industry hopes Railways will serenade it with sops, for a bigger share of domestic cargo
On the other end, Railways’ vendors want the government to help them manage inflationary pressure and to provide funding support
BUSINESS
Metro rail systems are emerging from the pandemic’s shadows, but businesses face long Covid
Ridership numbers in some metros are inching towards pre-pandemic levels, while others are still struggling from Covid-induced capacity restrictions as well as the WFH shift and passenger hesitancy. Non-fare revenue in most metros has also taken a hit
BUSINESS
IRCTC mulls hard decisions on unprofitable trains
In 2019-20, the year before COVID-19 hit, tourism brought in over 13 per cent of the company’s revenues.
BUSINESS
PM Gati Shakti digital tool may be opened for public use
Will it eventually become mandatory for infra projects to be listed on the PM Gati-Shakti portal?
BUSINESS
IRCTC-Railways convenience fee kerfuffle: Why did the stock tank, who decides the charge and other questions answered
The decision to withdraw the revenue sharing announcement came on Twitter first, from the secretary of DIPAM, and seemed like a knee-jerk response to the stock hammering that IRCTC suffered. But it remains to be seen whether Indian Railways in its hunt for revenue streams spares the IRCTC and its investors.
BUSINESS
Indian Railways may start hiring younger candidates, hold common exams
Students who have completed Class 12 may be shortlisted through a separate exam conducted by the Union Public Service Commission and offered structured degree and diploma courses tailor-made for the rail transport sector
BUSINESS
Proposed mega railway mergers may shore up valuations of public sector units
Principal economic advisor Sanjeev Sanyal has recommended the merger of Ircon International with Rail Vikas Nigam; Braithwaite and Company with Rail India Technical and Economic Services (RITES); Centre for Railway Information and Systems (CRIS) and RailTel with Indian Railway Catering and Tourism Corporation (IRCTC).
BUSINESS
Consumers demand law to protect people selling used cars
Pre-owned car sales zoom in Covid-19 aftermath
BUSINESS
Indian Railways' alternative energy arm shuts on full electrification, muted performance
The closure of Indian Railways Organisation of Alternative Fuels (IROAF) doesn’t mean the scrapping of IR’s dream of finding eco-friendly fuels to power the railroad network.
BUSINESS
A showcase project runs into trouble as government seeks to monetise rail assets
PRCL is a special purpose vehicle (SPV) formed to build, operate and maintain a 271 km long, Rs 373 crore broad gauge railway line between Surendranagar and Pipavav port in Gujarat. But fundamental pending issues - if not resolved - could "spell the death knell of PPPs in Indian Railways”
