Railway minister Suresh Prabhu dedicated the Rail Budget to the ´aam aadmi,´ saying that there would be a turnaround of the Railways in the next five years. The Lok Sabha recently passed the demand of grants for the Railways. ´The Rail Budget has kept the aam aadmi in its focus.
Category: Railways & Metro Rail
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60% rise in Titagarh Wagons
Titagarh Wagons Limited reported a 60 per cent jump in revenue for the March quarter
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Rise in revenues of Mysore railway divisions
The overall earnings of the Mysore Division of the South Western Railway has risen 11.02 per cent to Rs 527.37 crore over the previous year. It has transported 52.2 million passengers this year, earning 13.52 per cent more at Rs 222.64 crore over 2013-14. Loading has shown a 3.8 per cent increase, 3.455 million tonne as against last year´s loading of 3.33 million tonne.
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Kochi Metro to run on Dec 31: Chandy
The Kerala Government has full faith in´Metro Man´ E Sreedharan, Chief Minister Oommen Chandy said after some legislators expressed doubt over Metro projects in the capital and in Kozhikode.
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LMRC underground work to begin by Dec
The construction of Luckno´s first ever underground Metro corridor from Charbagh to K D Singh Babu Stadium will begin from December this year, said E Sreedharan, Principal Advisor to LMRC (Lucknow Metro Rail Corporation).
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Rs.8.5 lakh crore plan is for decongestion of network
Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
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Cabinet approves formation of SPV to major ports
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
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Indian Railways & Punjab Govt tie-up for rail projects
The Indian Railways and the Punjab Government have decided to form a joint venture company to fast track planned rail projects in the state as well as take up new projects, including creation of ultra modern railway stations and laying new railway tracks.
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16 years delay in Kashmir rail project
The Udhampur-Srinagar-Baramulla railway project has been delayed by over 16 years, which would result in cost overrun of Rs 17,065 crore, Parliament was informed recently.
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L&T Info bags $10 mn deal from Rail Vikas
L&T Infotech has bagged a $10 million deal to implement an enterprise resource planning (ERP) system at Rail Vikas Nigam Ltd (RVNL).