Yadav's one-year extension as the Chairman gains significance in view of the restructuring exercise which includes trimming of the Board and the merger of its cadres
Railways have increased passenger fares by 1 to 4 paisa across various classes. But is that enough for the cash-strapped national transporter ? Listen to this podcast to know more
Yadav had taken over as Railway Board Chairman from Ashwani Lohani, who had retired from the post in December 2018
Raises passenger fares from 1-4 paisa in non-suburban trains
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with govt
"The damage will be recovered from those found involved in arson and violence. This, however, is a preliminary estimate and figure could go up after the final analysis," Railway Board Chairman said
The railway board chairman further said that efforts are on to ensure that after next five years, passengers do not have to face difficulties due to waitlisted tickets.
There is helping hand for companies, as the railways may cut freight rates in a bid to boost economic growth, besides "rationalising" passenger fares
In September, the railways had announced several incentives to boost freight traffic
The Railways will also now have just two departments -- Railway Protection Force and Medical Service Department -- with all its other departments coming under one Railway Management System
Cabinet approves merging of railway cadres, to be now called Railway Management System: Sources.
The company has also signed an MoU with HRANI for listing the association's member hotels and their room rate inventory for sales on the IRCTC portal
The minister said railways spend a lot a funds on cleanliness, running suburban railway trains, gauge conversions and others
This, in effect justifies the introduction of AC chair car trains like the Vande Bharat Express and the Tejas Express, which do not offer sleeper-class services, it has added
A measure of expenditure against revenue, the ratio shows how efficiently the railway is operating and how healthy its finances are.
The initiative, started in 2017, encouraged senior citizens to give up their train fare concessions as part of the Railways' bid to increase revenues
Indian Railways should immediately corporatise its production units and construction wing, segregate its passenger and freight businesses, and restructure the Railway Board
"The last 2.5 years have been the safest in the history of Indian Railways. There have been least number of accidents in the last 2.5 years", the minister said
Two rakes already put into service; At present, the train runs on the New Delhi-Varanasi and New Delhi-Sri Mata Vaishno Devi Katra sectors
The IPO is part of the government's ambitious disinvestment programme that targets raising Rs 1.05 trillion via this route in financial year 2019-20