Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways official. Notably, the railways recently floated a sizeable tender worth Rs 35,000 crore of wagons, which had been in the pipeline since 2018. "Our Budget Estimates for freight increase were conservative.
'The government will take proactive steps to see that their participation in the equity market, especially in PSU stocks, is rewarding.'
Passengers of Mumbai Rajdhani will get SMS alerts before arrival of their destinations during night hours with the railways launching the service on Wednesday.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
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Many of the PPPs have not evinced interest, Prabhu said.
The film will be directed by Sam Mendes and released on November 9, 2012.
The FoBs were constructed by the Army Engineers in a record 117 days.
Incessant rains apparently caused cracks in the bridge, resulting in its collapse, an official said.
'Making the railways better is a different type of a challenge.'
The Northern Railway is planning to set up laundries in Delhi and Lucknow regions and house them in railway land. Currently, the cleaning exercise is being outsourced to private contractors.
Senior citizens, differently-abled, pregnant women and medically sick travellers will be given a preference
The ministry of railways has projected a three-time increase in Plan size to Rs 7,19,677 crore (Rs 7,196.77 billion) for the five-year period.
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
Enhancing the capacity of rolling stock including gauge conversion, doubling and laying new lines, acquisition of new coaches and wagons are some of the priorities the new ministry is expected to pursue. Keeping the terror threat perception in mind, the upgradation of security system at railway stations in major cities will be a focus area for the new government.
Last year, ICICI Lombard had bagged the offer, battling five other private players. This year's tenders will be opened on September 1, sources in the Railway Ministry said, adding that invitations have been sent to about 20 companies this time.
According to a privilege extended to lawmakers by the Ministry of Statistics and Programme Implementation, MPs can now sponsor the construction of the railway stations from his/her annual budget of Rs 5 crore and etch his name for perpetuity on a steel or metal plaque.
It was only a fortnight earlier that the Cabinet, in a press release, named five short-listed bidders for two projects to be implemented in Bihar. The railway ministry had proposed to set up joint venture companies to develop the factories, with an equity stake of 26 per cent in these.
The losses ranged between Rs 33,204 and Rs 10,90,480.
In a relief for people travelling long distances, the Indian Railways is set to resume serving cooked meals on trains, a service which was discontinued in the wake of the coronavirus pandemic.
The restriction has been imposed to prevent touts from cornering tickets.
To begin with, the service will be available in 30 places across the country. The postal department would issue railway tickets through the computerised Passenger Reservation System (PRS) counters provided by the railway ministry.
As per existing provisions, senior citizens aged 60 years and above are eligible for concession in the basic fares of Mail and Express trains, and all inclusive fares of Rajdhani, Shatabdi and Jan Shatabdi trains.
E-commerce players may soon rent out drones, so you can use them the way you book a cab on an app, and test viable use-cases for last-mile delivery.
The accident occurred around 5.45 pm near Khatauli town, 40 km off Muzaffarnagar, leaving 23 people dead, the Uttar Pradesh police said.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Tuesday said the government was losing revenue due to the GST, which should be revenue neutral with a single rate. Speaking at an event organised by the Calcutta Chamber of Commerce in Kolkata, he however said that GST has led to a lot of simplification. "The ideal GST is one that has a single rate, and it was meant to be revenue neutral.
Railway Minister Lalu Prasad is expected to announce a slew of initiatives for select Shatabdi and Rajdhani trains in the coming rail budget, including access to on-board free Internet and Direct-to-Home (DTH) services.
Railtel has entered into an agreement with US-based Pronto Services, which will create facilities at 50 railway stations through Wi-Max technology.
Buoyed by higher demand for crude oil and imported coal, Indian ports recorded a growth of 11 per cent in traffic during the April-June quarter of 2022-23. This shows that the economy is opening up, a report by DAM Capital said. The volume increase assumes significance since both prices of crude oil and imported coal have been soaring this year. Indian coal companies were pressed for supply amid a thermal coal crisis earlier in the year.
Fares of AC First Class, Executive Class, AC-2 tier, AC-3 tier, AC Chair Car will go up by 3.708 per cent from October 1 and a notification to this effect will be issued on Thursday, a senior Railway Ministry official said.
The apex court has also sought state-wise details about the steps taken towards abolition of dry latrines, the status of dry latrines, and 'safai karamcharis' in cantonment boards and the railways.
Indian Railways (IR) will transfer existing assets at nominal values, invite bids and grant concessions for 10-15 years.
In the wake of the growing funding constraint for additional infrastructure creation in the railway sector, Minister Mamata Banerjee on Thursday held discussions with the industry on options to make private participation in the sector attractive. "Addressing the coordination gaps between the rail ministry and the industry is important to increase investments in rail projects. This is very urgent," Banerjee said.
The railway ministry has decided to sell a 20 per cent stake in RITES Ltd, an undertaking of the ministry which, among other activities, operates railway networks in some African countries, in an initial public offer.
Sudheendhra Kulkarni, former political aide to senior Bharatiya Janata Party leaders Atal Bihari Vajpayee and L K Advani, has joined a key committee of the Railway Ministry. Kulkarni, who dissociated himself from the BJP on Saturday citing ideological differences, on Wednesday, said that he had joined a committee appointed by Railway Minister Mamata Banerjee.
Minister of State for Railways, Kotla Jaya Surya Prakash Reddy, on Friday resigned from his post in protest against the Union Cabinet's decision to go ahead with the proposed bifurcation of Andhra Pradesh.
Unveiling the scheme on Tuesday, the government had said the entry age for all new recruits will have to be between 17-and-a-half and 21 years.
This is expected to cut last-minute rush for reservations.
The two countries sealed 10 agreements, including the much-publicised transit trade treaty which will end Nepal's total dependency on Indian sea ports for third-country trade.
Punjab has sent an email saying that four deaths suspected to be due to lack of oxygen have been reported in a private hospital in Amritsar district, Union health minister Mansukh Mandaviya said in a written reply.
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