The amount constitutes 45 per cent of the railways' total wage bill.
Experts say Prabhu displays a clear intent of reforms but has not been able to fully shake-up the mammoth railway system.
The price of the Indian basket of crude oil jumped as much as 78 per cent to cross $50 a barrel last week, from a multi-year low of $28 in January.
Despite these successes, Railway Minister Prabhu has had his share of criticism.
US-based $40-billion industrial goods giant Honeywell has just launched its 16th plant, a hydrocracker unit with application in oil refining, in India. The two years of Modi government have been full of optimism and energy, Anant Maheshwari, president, Honeywell India, and Steve Gimre, managing director, UOP India, tell Sudheer Pal Singh.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
The Railways plans to float an independent fund.
The prohibition has freed up as much as 60 million litres of ethanol
Talgo's Series 9 locomotive to cut Delhi-Mumbai travel time to 12 hours
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
Officials said the oil marketing companies had provided data to the Income Tax department.
The move is expected to bolster India's energy security.
Locally manufactured coaches can achieve similar speeds as Talgo trains.
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
DMRC-like SPV to be floated in a month for the Rs 98,000 crore Mumbai-Ahmedabad corridor.
The calculation is based on annual usage of eight cylinders per household.
The high-speed train line in a region already well-connected by rail, road and airways may have to struggle to stay viable
Experts say finding a solution within the high court-mandated timeline of six months may be tough.
A report, by DeGoyler and MacNaughton, has put a question mark on the future production from the five ONGC discoveries.
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