Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Tough task ahead for new Railways Minister
Press Trust of India / New Delhi May 21, 2009, 15:04 IST

Beating the economic slowdown with increased freight loading and passenger earnings while keeping the operating ratio in control would be the key challenges before the new railway minister.

Enhancing the capacity of rolling stock including gauge conversion, doubling and laying new lines, acquisition of new coaches and wagons are some of the priorities the new ministry is expected to pursue.

"Work on the Dedicated Freight Corridor project and ensuring its funding from JBIC, World Bank and ADB will have to be taken up in right earnest," said a senior official in the Railway Board.

Keeping the terror threat perception in mind, the upgradation of security system at railway stations in major cities will be a focus area for the new government. Railways have often drawn flak from passengers for the low quality food being served and the unhygenic conditions prevailing in trains and platforms.

"Some drastic measures need to be taken to improve passenger amenities like food quality and cleanliness in trains," said the official. The operating ratio is projected at 88 per cent and the ministry has to maintain it, said the official.

In the last five years the Railways have stepped up the annual growth rate of freight loading from an average of 3 per cent during the decade of 90s to an average of 8 per cent now.

The objective is to increase the transport capacity of the railways and to reduce the unit cost of operations, said the official.      Railways carried 833 million tonnes of freight against the target of 850 MT in the last fiscal.

"Efforts are being made to carry at least 850 MT this fiscal despite the slowdown," said a senior Railway Ministry official.        Railways have carried 794.21 million tonnes (MT) of freight during 2007-08, which increased to 833.03 MT in 2008-09.

Though there is a decline in number of accidents in comparison to previous years, there is a need for improvement of railway safety in and a steep reduction in mishaps. Construction of rail over bridge and rail under bridge at accident-prone level crossings and new safety measures to prevent accidents are to be taken up, said the official.     

There is also a delay in Kashmir rail link project due to the realignment issue and the ministry has to expedite the ongoing construction work on the project.

The ministry also has to give a fresh look to the proposed world class stations in metro cities. Other issues such as commercial utilization of vacant land, budget hotels, logistic parks, agriculture outlets are to be taken up by the new ministry.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us