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.
The Centre's ambitious Rs 6-trillion National Monetisation Pipeline (NMP) could fall short of yearly targets for the current fiscal year (FY22) and the next one as well (FY23), partly due to the long gestation period in monetising big-ticket railway infrastructure, Business Standard has learnt from sources in the finance and rail ministries. Officials say the major chunk of railway monetisation will happen from FY24 onwards because leasing some of the infrastructure, like stadiums and dedicated freight corridor, will not happen anytime soon. Rail infra is expected to be the second-biggest contributor to the NMP, with about Rs 1.52 trillion worth of assets to be monetised.
While the SECR has cancelled 22 mail or express trains and 12 passenger trains, the Northern Railways has cancelled four mail or express trains, and as many passenger services.
Northern Railway has taken several measures for the people stranded in flood-ravaged Jammu and Kashmir, like running special trains from Katra, Udhampur and Jammu to different parts of the country and attaching extra coaches to regular services.
Hong Kong-based architectural firm, Terry Farrell and Partners would be signing the agreement with the railway ministry next week for preparing the concept plan for the modernisation of New Delhi railway station.
On a day the United Progressive Alliance government was voted out of power, it committed a gaffe by withdrawing a railway tariff hike within hours of announcing it.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
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.
The Union Cabinet on Friday approved railways' proposal to give 78-day productivity linked bonus to its 12.61 lakh (1.26 million) employees during the festival season.
LHB (Linke Holfmann Bush) coaches made of stainless steel have more inbuilt safety features as they can absorb shock and impact of derailment more effectively and as a result do not topple, thus reducing the loss of lives in case of accident, said a senior Rail Ministry official.
Shortlisted bidders have been intimated
Railways have suspended two senior officials following searches carried out by CBI and recovery of Rs 20 crore in cash in connection with alleged corruption in supply of packaged drinking water in premium trains.
The train crash on Friday, involving the Bengaluru-Howrah Superfast Express, the Shalimar-Chennai Central Coromandel Express and a goods train, is one of the deadliest such accidents since independence.
Come April 23 and rail commuters can use a mobile phone App to obtain tickets in the unreserved category.
Railways has said that it plans to suspend two senior officials of Northern Railway, following searches carried out by the Central Bureau of Investigation at 13 locations and recovery of Rs 20 crore in cash in connection with alleged corruption in supply of packaged drinking water in premium trains.
Of the 612 trains affected, 602 trains were cancelled, including 223 mail and express trains and 379 passengers trains, the Railways said in a statement.
Going a step ahead, the state government has suggested laying of very fast tracks to facilitate a speed of up to 350 kmph in the public-private partnership.
Railway Budget has not discriminated against any state.
The government on Thursday allowed state-run oil majors to fix diesel prices on their own in order to reduce an expanding subsidy bill and budget deficit. Oil companies announced a dual price mechanism while hiking the rates.
The total goods earnings have gone up from Rs 40,293.70 crore (Rs 402.93 billion) April-September 2012 to Rs 44,191.92 crore (Rs 441.91 billion) during the corresponding period this year, registering a growth of 9.67 per cent, according to Railway Ministry data.
Plans are afoot to manufacture 120 coaches with increased axle load of bogies to carry higher load, a senior Railway Ministry official said.
Eyewitnesses said they heard two explosions on coaches S4 and S4 of the Bangalore-Guwahati Kaziranga express as it arrived at the Chennai railway station.
Indian Railway Catering and Tourism Corporation (IRCTC) and Bharat Heavy Electricals (BHEL) are in talks for a partnership to run private trains. According to officials in the know, the two public sector undertakings (PSUs) are planning to form a special purpose vehicle (SPV) to run passenger trains on routes for which IRCTC has put in bids. "BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements," an official said. "IRCTC's business model has not been capital expenditure-focussed. It has built only operational enhancements," he added. Bids for public private partnerships (PPPs) in passenger train operations were opened last month.
There has been a growing demand for high axle load wagon trolley and the proposed factory is expected to cater to the demand.
The Lower House of Parliament took up the Demands for Grants and Appropriation Bills after two adjournments as the ruling and Opposition MPs engaged in a matching duet over demands for an apology by Rahul Gandhi and the Adani issue.
Narendra Modi had stressed need for shifting focus from port development to 'port-led development' model to maximise gains
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
The move is line with the railway ministry's efforts to compete with low-cost airlines.
The Railway Budget has impressed industry watchers.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
Women's representation in government jobs is less than 15%.
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According to the latest data, until May, 48.3 per cent of the total 207 projects worth Rs 1,000 crore (Rs 10 billion) or above, also termed as mega projects, faced delays and witnessed a cost overrun of 19.2 per cent from the originally-sanctioned Rs 656,000 to Rs 781,000.
The much-hyped public private partnership motto of the railway ministry seems to have gone nowhere, as the ministry continues to sit over proposals from at least three state governments to start luxury trains.
Passengers in 200 railway stations across India will soon be able to recharge their mobiles, pay electricity bills, fill up Aadhaar and Pan card forms and even file taxes with help from Common Service Centre (CSC) kiosks to be set up by RailTel. The scheme has been operationalised in partnership with CSC e-Governance Services India Limited' (CSC-SPV) and the Ministry of Electronics & Information Technology, RailTel said in a statement. The kiosks will be run by village level entrepreneurs (VLEs).
To Indian Railways, safety is not necessarily a systemic issue but something it attends to only on a case-by-case basis. If accidents were not to happen, the thought of safety would not arise, says Mahesh Vijapurkar
According to new ministry guidelines, the permission to chop down forests will be given only after all the compensatory levies are provided
A trained pilot, Dinesh Trivedi has a challenging task ahead in putting the Railways on track after his boss and Trinamool chief Mamata Banerjee often came under attack for alleged neglect of this key ministry hit by train accidents in the recent days.
In Bihar, where a bandh had been called, a railway station and a police vehicle were torched, an ambulance attacked and security personnel injured in stone-pelting incidents on the fourth consecutive day of the agitation, while protesters vandalised Ludhiana railway station in Punjab and blocked roads and rail tracks in West Bengal, Haryana, Rajasthan, Maharashtra, Odisha and Uttar Pradesh.
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