With a view to exploit its real estate assets, the Indian Railways plans to lease out some of them and aims to rake-in Rs 600 crore (Rs 6 billion) through this move this fiscal, a senior Railways official said.
The sites selected for commercial development in the first phase are in Delhi, Kanpur, Gwalior, Vishakhapatnam, Kolkata and Bangalore.There are about 700 acres of railway land in 107 sites across the country, which have been shortlisted for commercial development on public private partnership (PPP) basis.
A consultant is being appointed to work out the details of the project.
Intense monsoon rains brought normal life to a standstill in several parts of eastern and central Rajasthan, flooding out roads, rail tracks, low-lying residential areas and hospitals and claiming seven lives since Sunday night.
Implementation of the reforms through a special purpose vehicle is a way to seek greater accountability.
While political experts claim that the Modi Magic is missing in the 2024 general election, the common people in the street -- at least those in the crowd on Thursday -- vow that they will vote for Modi and the candidate who contests the election doesn't matter much.
This was one of the toughest years for Indian Railways.
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
The 102-acre government land at Kanjurmarg was handed over to the MMRDA on October 6.
He further said that the "focus is on horizontal drilling" as rock formation has created challenges for vertical drilling.
The Yamuna river in Delhi swelled to the highest recorded level in 10 years on Tuesday and is expected to rise further, officials said on Tuesday.
Two hundred years after George Stephenson built the steam-powered Blucher, Open Knowledge pays tribute to 200 years of rail transport.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
Mumbai Metro One to continue with discounted fares till Nov 30.
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
His comments a day after a ruling Congress MLA demanded that Siddaramaiah be made the chief minister again.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
Though letter of allotments of land were issued to a few hotel chains like Royal Orchid and Signet Hotels for 20 sites last year, land could not be transferred due to the objections raised by the Rail Land Development Authority. The hotel plan was unfolded by the IRCTC in 2006 and accordingly 100 railway sites were selected for setting up budget hotels on public private partnership model.
This order is a part of the $5,941.93 million or Rs 35,000-crore (Rs 350-billion) project, which is to be implemented in 4 years.
Four projects worth Rs 2,000 crore (Rs 20 billion) will be undertaken under the Mumbai Urban Infrastructure Project that is to be implemented in three parts by the Mumbai Metropolitan Region Development Authority's and completed by 2006.
Rescue work at the collapsed Silkyara tunnel in Uttarakhand was virtually on hold Sunday as the agencies involved in the effort set themselves up for the next stage -- adopting multiple approaches to reach the 41 men trapped inside for a week.
Railway Safety Plan for 12th Plan would be Rs 16,842 crore (Rs 168.42 billion), the Railway Minister informed the Lok Sabha.
'These are people whom very few give importance and they were doing a mammoth job for the nation.'
General Officer Commanding-in Chief of the Eastern command, Lieutenant General R P Kalita, however, said the Indian side is also continuously upgrading its infrastructure and capabilities to deal with any situation which may arise along the border.
In a significant development, Indian Railways on Thursday joined hands with China to increase speed in its existing rail network, modernise stations and enhance mutual cooperation in the sector in the country.
Expresses inability to provide land for train terminal in Bandra-Kurla Complex, a cash cow for MMRDA
He said his government's goal is to make Delhi a grand city equipped with all the facilities as expected of the capital of the country.
The government's agenda also includes the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
Parks would cut transport cost by 10% for industries, allow freight movement on larger trucks and rail.
Biden said over a year later Russian President Vladimir Putin has "failed and he continues to fail".
As a part of the 235 km Dallirajhara-Rowghat-Jagdalpur railway project, Antagarh, which has a Nagar Panchayat, is now connected to state capital Raipur by a train service.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
Kushinagar is the final resting place of Gautama Buddha where he attained Mahaparinirvana after his death and is among the most important pilgrim spots for Buddhists.
Pressure is mounting on Reliance Infrastructure to change the name of metro rail project, with a senior minister in the Congress-NCP led Maharashtra government joining the chorus of Opposition leaders making similar demand.
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
The government will provide necessary land at a nominal rate.
Bombay HC stays proposed Metro fare hike till Jan 29.
"Does one need bullet train or improvement of basic rail infrastructure," the MNS chief said.
