Search Result for : Ministry Of Railways

The Dollar Business Bureau  It is being speculated that the Minister of State (Independent Charge) for Commerce & Industry Nirmala Sitharaman has offered to resign from the post. But there are sources who say this may not be altogether true. There's also talk of another official being given the Commerce Ministry's charge. The final announcements are due this coming Sunday. Such reports are now common given the count of resignations that are being handed over at the Union level. A number of Union ministers have resigned on Thursday, indicating a major reshuffle in the Prime Minister Narendra Modi’s cabinet that according to reports could happen on Friday or Saturday, before Modi leaves to attend the BRICS summit in China on September 3. MoS (independent charge) ...

The Dollar Business Bureau In order to create a proper logistics environment and seamless movement of traffic in the country, Ministry of Railways is focussing more to improve the railways infrastructure and also to speed-up the pace of infrastructure development, said Railways Minister Suresh Prabhu on Thursday.  “Railway Ministry is focussing more on improving the infrastructure of Indian Railways to create a proper logistics and seamless movement of traffic,” said Prabhu at an event organised by ASSOCHAM in New Delhi. “Therefore, we have decided to create an infrastructure at much faster pace. Already we are creating infrastructure twice to speed than previous year and will increase every year,” he added.   Citing the Ministry’s achievement, Prabhu said that his ministry has sanctioned around 16,500 ...

The Dollar Business Bureau  Indian Railways will export to Sri Lanka train sets and modern locomotives worth around Rs.680 crore, in the largest shipment order for the Railways. Rail India Technical and Economic Service (RITES), the export arm of Railways, has got its biggest order from the Sri Lankan Railways for exporting 6 diesel multiple units (DMU) train sets and 10 broad gauge diesel locomotives. The separate locomotive is not required in DMU train sets as the engines are integrated into one or more than one of its coaches. All the train sets and locomotives would be installed with the cutting-edge technology and are manufactured in Chennai and Varanasi, according to a senior official from Railway Ministry. The supply contract ...

The Dollar Business Bureau The finance and railways ministries are working on ways to cut logistics costs which make exports uncompetitive, Commerce and Industry Minister Nirmala Sitharaman said today. The Minister said that she has discussed the increasing logistics costs with the Finance Minister. "I have very clearly stated that logistics costs are increasing and therefore, we are becoming less competitive... We have definitely asked different authorities at different levels. We have asked the  Railways and the Finance Ministers to look into this. They are working on it,” she told PTI in an interview. It was also suggested to the railways to work on ways to reduce the delivery time of consignments providing traders more predictability and reliability. Indian exporters have time and again demanded drastic ...

Manishika Miglani  The Department of Railways has opened its door for private sector investment for providing better technology and logistic support in order to overhaul passenger services on the whole, informed Rajen Gohain, Minister of State for Railway at an ASSOCHAM event on “Invest Rail” held in New Delhi. The delegates highlighted the potential of railways to "boom given the department procures the right investments and incentives”. At the same time, there is a need to address the silos that exist between the Centre, state and local bodies. The conference also highlighted “communication between different departments of railways” as one of the focus areas requiring urgent attention. The event noted that privatising of operations is necessary, a process that requires gradual implementation due to its large ...

PTI Indian Railways cannot improve its infrastructure unless it adopts innovative forms of financing and more positive collaboration with the private sector, chairman of the Banks Board Bureau Vinod Rai has said.Indian Railways' massive infrastructure programme includes redevelopment of 408 major stations through private sector participation via online auctions."Unless it (Indian Railways) can involve innovative forms of financing and more positive collaboration with the private sector, its lack of infrastructure would only increase," said Rai in a report published by the Institute of South Asian Studies (ISAS), a Singapore-based think-tank.He noted that Railways' concerted efforts in the recent past to expand, modernise, decentralise decision-making, improve efficiency, meet customer expectations, move to clean energy and introduce greater transparency through e-tendering.The rationale ...

The Dollar Business Bureau  Minister of State for Railways Manoj Sinha said on Friday that Indian Railways will spend the entire allocated amount of Rs.1.21 lakh crore for this financial year. “This year, Rs.1.21 lakh crore has been earmarked and I believe this year 100 percent of it will be spent. Last time Railway was not ready because there was sudden large scale investment. Railway officers were not prepared to work on large scale investment,” Sinha said at an ASSOCHAM event in New Delhi. The Minister mentioned that during the past five years, the average investment in the Indian Railways had been to the tune of around Rs.46,000 crore, which was enhanced to Rs.1 lakh crore in the previous year, and out of that Rs.94,000 ...

PTI After successfully launching the Roll on Roll off service over the Ganga river, railways has started it in Tripura to transport petroleum products in the state.In order to help Tripura, reeling under a fuel crisis owing to deplorable condition of the road connecting the land-locked state with rest of the country, railways undertook RoRo service of POL (petroleum, oil and lubricants) to carry loaded trucks on flat-wagon goods train to the state.The RoRo service was launched in May to carry loaded trucks on goods train in a bid to attract more loadings and reduce carbon emission, said a senior Railway Ministry official.It was first launched across the Digha rail bridge between Bihta and Turki stations in Bihar as loaded trucks were ...