Page 9 - Railway Ministry

New payment mechanism of railways: 30 days max, else govt will pay interest

The step is expected to eliminate the "biggest risk" faced by contractors, meaning that railways will ensure that payments are made within the stipulated time, said the railway minister at an event

Indian Railway to achieve record production of locomotives, coaches in FY23

Indian Railways' have manufactured 785 electric locomotives and 4,175 LHB coaches in FY23 up to January 31

Railways to acquire new rolling stock worth Rs 3.14 trillion in FY24

300 Vande metros, 1000 8-coach Vande Bharats, hydrogen trains in the works

Mumbai-Ahmedabad bullet train project holds national importance, says HC

The Mumbai-Ahmedabad bullet train is a "dream project of this country and of national importance and in public interest", the Bombay High Court said on Thursday dismissing a petition filed by Godrej & Boyce company challenging acquisition proceedings initiated by the Maharashtra government and the NHSRCL in Mumbai's Vikhroli area for the project. A division bench of Justices R D Dhanuka and M M Sathaye said the project was one-of-its-kind and collective interest would prevail over private interest. The court said in cases of conflict on inter fundamental rights and intra fundamental rights, the court has to examine as to where lies the larger public interest while balancing the two conflicting rights. "It is the paramount collective interest which would ultimately prevail. In the facts of this case, the private interest claimed by the petitioner does not prevail over the public interest which would subserve infrastructural project of public importance which is a dream project of ..

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