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 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 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.
In the first quarter (April-June) of financial year 2019-20, the railways earned a revenue of Rs 13,398.92 crore from passenger fares. This dipped to Rs 13,243.81 crore in the July-September quarter
Moving in corporate lines, the chairman will now be called as chief executive officer
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.
Thanking Angadi, Bengluru South MP Tejasvi Surya tweeted, "Karnataka is lucky to have him (Angadi) handling the railway ministry."
They will be additionally entitled to cars, houses, peons and all the perks associated with being a government babu, if they get 'gazetted officer' status