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Indian Railways
Three coaches of the Ujjaini Express derailed near the Khand Gaon area here on Monday night when the train was being moved to the railway yard, officials said. There were no passengers on board when the incident occurred around 9:40 pm on Monday close to the Yog Nagri railway station. According to officials, the accident occurred when the train was passing through the yard area. The train runs between Lakshmibai Nagar in Indore and Yog Nagari Rishikesh Railway sources said the locomotive collided with the buffer (dead end) located at the terminus of the shunting line, resulting in increased pressure on the coaches. Consequently, one coach was thrown off the tracks, while another buckled in the middle. Three coaches of the train sustained damage in the incident, they said.
State-owned Indian Railway Finance Corporation (IRFC) has set a target of crossing a milestone of Rs 1 lakh crore loan sanction during the current financial year. To fund its business growth, the public sector undertaking (PSU) of the Ministry of Railways is looking to raise Rs 70,000 crore, including from overseas in FY27. "We are aiming for a loan sanction of Rs 1 lakh crore and disbursement of about Rs 40,000 crore during the ongoing financial year, as the pipeline of high-quality infrastructure projects looks strong," IRFC Chairman and Managing Director Manoj Kumar Dubey told PTI. A steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, he said. During FY26, lRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance. The company, which last year got Navratna status, witnessed it
Indian Railways utilised 98 per cent of its budget for FY26, reflecting the pace of execution of projects, and in the days to come, trains will dominate flights on several upcoming corridors across the country, Union minister Ashwini Vaishnaw said on Monday. "In the last financial year, the entire capex was spent practically by the 1st week of March itself. Practically by the last week of February, it was like 98 points some percentage. Then we had to, in a sense stop that because we have to complete the entire year," Vaishnaw said. He said 49,000 kilometres of railway tracks across the country has been electrified, which is more than the entire network of Germany and 36,000 kilometres of new tracks have been added, which is about six Switzerlands to Indian railway network. The minister said in many of these routes the travel time will be significantly reduced and people will prefer trains over airlines on those routes. Vaishnaw said the government is working on new corridors from
Union Railway Minister Ashwani Vaishnaw on Thursday said the government will focus on connecting Poonch-Rajouri with the rail network of the country besides working on a rail link to Uri border town in Baramulla district of Jammu and Kashmir. Vaishnaw, who flagged off the first direct Vande Bharat Express between Srinagar and Jammu here, said detailed project reports for these railway links have already been made. "We will now focus on connecting Poonch and Rajouri with rail connectivity. We will also take up project to connect Uri with train," the minister said after the flagging-off ceremony. "The DPRs for these projects have been made and we will try to get work started soon," he added. On the Jammu-Srinagar Vande Bharat express, the railway minister called it a major landmark achievement which has become the lifeline of Jammu and Kashmir. "This train service is a major landmark for people of Jammu and Kashmir. The prime minister inaugurated this train service between Katra and