Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
This amount is just about 10% of the previous IDS
Auchan and another French retailer, Carrefour, exited India in 2014
Apple sought exemption from mandatory local sourcing of components for its products
The ministry of railways is set to invite bids for content on demand and rail radio services, to be provided for travellers in April, says Shine Jacob.Shine Jacob in New Delhi
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
Imports rise at highest pace in more than 2 years as crude oil price spikes.
New Delhi to push for services trade facilitation & food stockpiling.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
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