DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
A senior RITES official said the new station building comes equipped with many modern facilities that passengers usually get at an airport, but the architecture of its facade "embraces tradition" in a nod to the upcoming Ram temple.
Budget is likely to focus on infrastructure creation in the N-E
The telecom and banking departments along with the railways accounted for the maximum number of public grievances among the various arms of the government in the last three years.
Ahead of the 2014 Lok Sabha elections, Modi had often mentioned that he used to sell tea during his childhood at the Vadnagar railway station along with his father.
Rail ministry pinning hopes on foreign partner and private capital
Amid the rhythmic chug of the train, a chorus of voices rises, each bearing its tale of hope and despair.
'Our thrust would be on basic facilities first like sanitation'.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Trinamool Congress General Secretary and Minister of State for Shipping, Mukul Roy will be the new Railway Minister.
With the Indian Railways registering better-than-expected growth in traffic operations this financial year on the back of a revival in the economy, its gross domestic product (GDP) is expected to cross the 9 per cent mark by the end of this financial year. This could lead to a rise in the freight rates of some commodities, say officials in the ministry.
The Railway Board has decided to create over 5,000 posts and impart advanced training to Railway Protection Force (RPF) personnel to ensure security of passengers besides tackling terror threats.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
Three years from now, Indian railway network will be based on sophisticated, hi-tech and indigenously developed infrastructure ensuring safety of every passenger.
The ministry has also decided to offer station for redevelopment by inviting open bids from companies.
SC agreed that if they were forced to seek clearances from the ministry of environment and forest, their projects will get delayed
The amount constitutes 45 per cent of the railways' total wage bill.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
Prabhu asks Indian Railways to save Rs 5,000 cr on energy bill.
Apprehending a "credible threat" from Maoists during the two-day bandh call given by them, railways on Tuesday said it has formed a special task force to meet any eventuality following an alert issued by the home ministry and intelligence bureau.
Raiwalys in existential crisis but no stock market route: Prabhu.
New service will also make waitlisted tickets a thing of the past.
Information and Broadcasting Minister Ambika Soni said the Union Cabinet has accepted the proposal of the Ministry of Railways for payment of PLB equivalent to 78 days' wages for 2010-11 for all eligible non-gazetted Railway employees.
Inviting private investment, Railways Minister Suresh Prabhu on Friday said a transparent system is being put in place to facilitate it and moves are afoot to revamp the ministry's public-private-partnership (PPP) cell.
Union Minister of State for Health Dinesh Trivedi has blamed bureaucratic hurdles within his own ministry for the delay in fulfilling the railway ministry's ambitious plan to set up healthcare facilities along the rail network across the country.
The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
Magnets on the track push and lift the train up in the air by about 1 inch to 6 inches
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
A Ganesh Nadar/Rediff.com brings you some fascinating facts and photographs from India's first international rail exhibition.
'Under this amendment, in any dispute over Waqf properties, the Waqf Board cannot approach the court.' 'This is very surprising because the government instead of protecting Waqf properties they are snatching it away and not allowing them to go to court.' 'The third biggest landowner in India is the Waqf Board after the Indian Army and Indian Railways.'
The Ministry of Railways has decided to introduce steam locomotives on all hill railways and on some other tourism circuits with the support of the Ministry of Tourism.
While this benefit of easing fuel cost should have been passed on to consumers through the review of FAC due this month, the Railways does not intend to revise freight and passenger fares until the next Budget to be presented in February.
The Railways on Thursday ordered a high-level inquiry by the commissioner of rail safety into the train accident in Uttar Pradesh, which left 33 people dead and 17 injured.
The announcement came after marathon meetings held by the minister with senior railway board officials since Friday.
Among the proposals considered today includes a project to construct a railway link between Rohanpur and Singhabad to facilitate transit traffic from Bangladesh to Nepal through India. Railway ministry sources indicated that the ministry had no objections to opening the additional transit route to Bangladesh.
Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
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.
