Page 113 - Indian Railways

Railways to set up wing to ramp up non-tariff revenue

Non-Fare Box Revenue Directorate would look at advertisements at stations, commercial exploitation of vacant land and space rights over station buildings

Bidders give railways' Rs 2,500-cr tender a miss

The train-set project was announced by Railway Minister in his budget speech last year.

Delays cost railways $16.4 billion, equivalent to annual salary bill

Of the 75 projects lying incomplete for more than 15 years, three were unfinished after 30 years

Pay panel award may keep railways cost optimisation under stress: Official

Life Insurance Corporation of India (LIC) has offered Rs 1.5 lakh crore for development of railways

Fall in rly losses on social service duty

Depressed volumes, easing of fuel and traction costs and a minor increase in passenger and freight tariffs are the reasons

Rlys budgeting for 66% drop in fund balance to Rs 3,204 cr in FY17

The fund balance in FY15 was Rs 6,872 cr

Railways signs MoU with Isro to leverage technology to support its operations

The MoU aims for developing Remote Sensing and GIS for remote sensing at unmanned railway crossing

Railways funds set to turn negative in FY17

Rs 6,095-crore shortfall is the first in five years

EY to help railways tap into Rs 5,000 cr advertising potential

Firm will identify assets, devise pricing strategy for ads across 7,000 stations, to shore up non-fare box revenue for Railways

Indian Railways plans to import crude oil to improve finances

The railways plans to monetisation data bank, land bank and other assets. It wants to reduce diesel inventories to a third to save Rs 2,000 cr a year

Haryana first state to partner Centre for rail infra

Rail Minister Suresh Prabhu leans on private sector investment to achieve targets of infra development

Indian Railways to lay 7 km tracks per day in 2016-17

This is against an average of 4.3 km per day in last six years and part of its capacity augmentation plan