According to the report, a total of 2,031 kilometres of railway network was commissioned in the current fiscal year during April to November, which was slightly slower than the 2,282 km of rail network was commissioned in FY24 during the same period.
During the 130kmph trial run, the train reached Mumbai Central at 1.50pm after departing Ahmedabad at 7.29am. It left for Ahmedabad from Mumbai Central at 2:45 pm.
Both the posts — member (infrastructure) and DG (safety) are crucial for safe rail operation
The French MNC is bullish about India, its third-largest market that has reported an ‘exceptional growth’. Loison tells Moneycontrol how a PLI scheme could boost the manufacturing ecosystem of railway ancillary products and also act as a force multiplier for the ‘Make in India’ initiative.
Going forward projects for three major corridors viz. (1) High-traffic density corridors, (2) Energy, Mineral and Cement Corridors and (3) Rail Sagar (port connectivity) corridors are also planned to reduce logistics cost, carbon footprint and boost railway freight volumes.
The Railway Board is considering a one-time option for women drivers and track maintainers to change job categories. Zones are requested to provide employee numbers and pending applications.
On June 2, three trains collided in Balasore district, claiming more than 280 lives and injuring over 1,000 people.
"Considering the administrative information received so far, the Railway Board has recommended that the case should be further probed by the CBI," Railways Minister Ashwini Vaishnaw announced.
Senior rail ministry officials have also said while the electronic interlocking system is robust, it is likely that the system was manipulated, leading to the crash
Railway Minister Ashwini Vaishnaw stated that the accident was caused by an issue with the “electronic interlocking system”.
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.
Senior government officials have questioned IRCTC's ability to manage all the information of the Indian Railways.
Also on the cards is tweaking the age criteria by extending the concessional fare to those above 70 years, as against the earlier 58 for women and 60 for men, they said. The idea, the sources indicated, is to offset the cost of granting these concessions for the Railways while retaining the subsidy for the elderly.
Indian Railways has now revised the tender conditions to attract more bidders after consultations with investors and industry experts. It is understood to have agreed to establish the Rail Development Authority (RDA) as a regulator to, among other things, advise the government on fares, promotion of competition and creation of a positive environment for investment.
The Railway Board issued a letter to the Indian Railway Catering and Tourism Corporation (IRCTC) asking it to resume the service. At the same time, ready-to-eat meals will continue to be served to train passengers.
Given the sharp market reaction, senior officials of IRCTC do not expect the railway ministry to attempt a revenue-sharing agreement in the near future.
Here’s the lowdown on how a Railway Ministry decision aimed at earning Rs 500 crore revenue annually, on average, led to market cap worth Rs 18,000 crore being wiped out
The update comes after DIPAM Secretary Tuhin Kanta Pandey said that the government would withdraw its decision to share revenues from the convenience IRCTC earns on tickets booked through its online portal.
“All such work awarded under the existing scheme for which Letter of Award has not been issued or a Memorandum of Understanding signed or no major contractual obligation undertaken in any form, will also stand cancelled with immediate effect," the Ministry of Railways said in its order.
Officials say a merger would affect quick decision-making on starting or winding up routes, fixing ticket prices and providing emergency services during natural disasters. They also raised concerns over the handling of passengers’ personal data
The step is a move to accept the recommendation of the Finance Ministry, which in a report has recommended rationalisation of government bodies either by closing them down or through merging multiple organisations under different ministries.
The total productivity-linked bonus for railway employees has been estimated to be around Rs 1,985 crore, Railway board chairman Suneet Sharma said at a separate press conference.
In 2019-20, the Indian Railways had given its nearly 11.58 lakh non-gazetted employees a bonus of 78 days amounting to a total of Rs 2,081.68 crore.
In this period Indian Railways earned Rs 10,657.66 crore from freight loading which is also Rs 449.79 crore (4 percent) higher as compared to last year's earnings for the same period (Rs 10,207.87 crore).
‘Shrinking’ the rail board is a good move but reorganisation is unlikely to help the Indian Railways’ financial situation, which is precarious, say experts.