As part of an exercise to introduce a fuel adjustment component (FAC) in passenger segment, the Indian Railways would revise passenger fares in October. According to the FAC policy, the freight and passenger rates would be revised twice a year, keeping in mind the proportionate movement in diesel and electricity prices.
Tag: Indian Railways
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Assocham wants govt to allow Railways to refine oil
In order to immunize the finances of Indian Railways from the diesel price hike, industry body Assocham asked government to allow the public sector undertaking to import and refine its own crude oil. By importing and refining crude oil by itself, the Indian Railways can avoid paying about 20-25 percent sales and other local taxes on diesel. The Railways, run as a
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Railways to mop up Rs 2,000 cr via land leasing
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail Land Development Authority and IR Station Development Corporation in 2013-14.
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BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate
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Railways hopes to attain investment target in port connectivity projects
Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore
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Railways hopes to attain investment target in port connectivity projects
Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore
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mprove PPP structure | Budget 2013-14
Besides the need for enhancing capacity which is being met through major capital works like the DFC project, investment in rolling stock, providing improved terminal access, and improvements and investment in the last leg connectivity between the rail network and the cargo loading and unloading points are likely to be key areas that will need to be addressed through various policy initiatives of the Railways.
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Indian Railways expects hike in budgetary support
The Indian Railways seeks increase in budgetary support for 2013-14 to Rs 38,000 crore from Rs 24,000 crore in the current financial year because of rise in diesel cost and a large number of pending projects.During the 12th Five Year Plan (2012-17), Railways plans to invest Rs 5 trillion in capacity addition.
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Infrascape 2013 | Policies should be in a compehensive manner
If you look at the container segment, currently there are only 2-3 things that are permitted to private players. One is the container train operators license which has been operational. On container train operators license, few things that went right at least for first half of the year, a lot of new terminal lands of the container terminal operators were coming up and some of them have got operational as well like Khurchar and for Russia.
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Rlys to rope in contractor for LNG locomotive project
In an attempt to reduce the operating cost of locomotives, Indian Railways plans to set up a locomotive prototype equipped with a single gas turbine operating on LNG. For this purpose, the Research Design and Standards Organisation (RDSO), which is the research arm of Indian Railways, sought application from interested contractors who could develop such a locomotive