Page 10 - Railway Ministry

Railways earns over Rs 600 cr via convenience fee in FY23 so far: Minister

The Railways has earned more than Rs 600 crore through convenience fee, which it retains from passengers on the cancellation of a ticket, so far in 2022-23, Parliament was informed on Wednesday. In a written reply in Lok Sabha, Railway Minister Ashwini Vaishnaw said the cancellation or clerkage charge is levied on cancellation of tickets as per the Railway Passengers (Cancellation of Tickets and Refund of Fare) Rules 2015. In addition to the normal fare indicated on the reserved tickets issued through computerised passenger reservation system counters, the Indian Railway Catering & Tourism Corporation (IRCTC) also charges convenience fee from passengers who book tickets online. The minister said the convenience fee amount charged is Rs 30 for air-conditioned classes and Rs 15 for non-AC classes. On cancellation of ticket, this convenience fee is not refunded. He said that convenience fee collected by the IRCTC during 2019-20 was Rs 352.33 crore, during 2020-21 it was Rs 299.17 ..

Budget 2023-24: Soon, Rs 75K-crore transport connectivity projects

Sitharaman has announced that coastal shipping will be a preferred mode of transport for passengers and freight

Budget pushes for developing transport, urban infrastructure, housing

Railways ministry gets highest-ever capital expenditure allocation, of Rs 2.4 trillion in FY24

Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push

Railways has also been focusing on building better domestic infrastructure for manufacturing trains

Railways' slow run in freight traffic continues, grows 3% in Dec

It earned Rs 1.2 trillion till Dec from freight, marking a growth of 16 per cent YoY

Centre transforming railway infra by making record investment: PM Modi

Prime Minister Narendra Modi after flagging off the Vande Bharat Express from Howrah to New Jalpaiguri virtually on Friday, asserted that the Union government is transforming the country's railway infrastructure by making record investments. The Prime Minister who also launched four railway projects for West Bengal and laid the foundation stone for the redevelopment of the New Jalpaiguri railway station, pointed out that railway stations, including New Jalpaiguri, are being developed on the lines of airports. In all the railway projects inaugurated by him for West Bengal are estimated to be worth more than Rs 5,000 crore. Noting that doubling of tracks and electrification is underway at a record speed, he said that the eastern and western freight corridors will bring revolutionary changes to the country's economy. "Today's Vande Bharat train was launched from the land where 'Vande Mataram' slogan was coined. The launch date of December 30 is significant as Netaji Subhas Chandra Bos

Strengthening cybersecurity

Govt must address vulnerabilities

Railways to renovate 1,000 small stations under Amrit Bharat Station Scheme

Key features of these proposed stations include provisions for roof top plazas, longer platforms, ballastless tracks, and 5G connectivity

IRCTC stock is still richly valued despite fall since news of OFS

While business prospects remain unchanged, one-year average target price of analysts is Rs 600

Centre to sell up to 5% stake in IRCTC via OFS to garner Rs 2,720 crore

Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price

Rail stocks may chug along till budget; book profit selectively: Analysts

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

Railway ministry might miss FY23 asset monetisation target by 85%

U-turn on station development major cause behind botched FY23 monetisation

Railways ferries 124-mt freight in Nov, clocks 5% rise since last year

Officials peg FY23 freight between 1500-1550 mt

300-400 new Vande Bharat trains to be announced in upcoming Union Budget

According to a railway ministry official, there will be an announcement for provision of 300-400 new Vande Bharat trains in the Union Budget 2023-24 which will be the highest ever allocation

Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

National transporter targets FY24 to close critical project pipeline

Indian railways far from 'carbon neutral 2030' goal; lags in clean energy

The organization had installed renewable capacity of 142 megawatts of rooftop solar and 103.4 megawatts of wind energy as of August

Vivek Express: Country's longest train to operate twice a week from Nov 22

The services of the country's longest train, Vivek Express, that connects Assam with the southernmost tip of Tamil Nadu will be available twice a week beginning November 22, a Northeast Frontier Railway (NFR) said on Saturday. The Dibrugarh- Kanyakumari Vivek Express, which was flagged off on November 19, 2011, covers a distance of 4,189 km and traverses through nine states in over 80 hours. Train no. 15906 (Dibrugarh Kanyakumari) Vivek Express which previously used to run on Saturdays, will now operate additionally every Tuesday from November 22, a press release issued by NFR said. Train no. 15905 (Kanyakumari Dibrugarh) Vivek Express which currently runs only on Thursdays, will now be available even on Sundays from November 27, the release said.

Not so fast: Infrastructure woes slow down Vande Bharat trains

Besides cattle run-overs, fencing and track quality reasons for trains moving at an average 83 kmph

Railways to build walls on worst-impacted routes to contain cattle hits

Plans are to build 1,000 km of walls across sections, no change on Vande Bharat nose panel, damage to which brought the issue of cattle hits to the fore

IRCTC Q2 PAT up 43% YoY to Rs 226 crore, revenue from operation rises 99%

Total income of IRCTC grew 97.55% to Rs 831.79 crore from Rs 421.05 crore YoY