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Tag Archives: railway ministry

5 key steps Railways has taken to fast track implementation of projects

Looking to push Indian Railways as an engine of growth for the economy, Ministry of Railways has expedited implementation of some key projects announced during this year’s Rail Budget.

“Ministry of Railways included 77 doubling, 4 new line and 1 gauge conversion projects in Railway Budget 2015-16. The projects were included primarily with a viewpoint to create additional carrying capacity. Fast tracking of these projects was need of the hour so as to reap benefits of the projects as s ..

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Posted by on October 23, 2015 in Uncategorized

 

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Railway Ministry implements 39 railway budget announcements

The Ministry of Railway has implemented 39 railway budget announcements in just 36 days of the current financial year displaying unprecedented pace of implementation.

A release by the Railway Ministry stated that Union Minister for Railways Suresh Prabhu directed the Railway Board to put in place a sound mechanism to implement the budgetary announcements in a time bound manner.

The release further stated that Prabhu and Minister of State for Railways Manoj Sinha have personally been monitoring the implementation of budget announcements. The monitoring and periodical reviews are also being undertaken at the Railway Board level, Zonal Railway level and Railway Division level.

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Posted by on May 9, 2015 in Uncategorized

 

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Mobile Apps to help passengers for railways

Despite fears that the growth of Internet is not as fast as it should be, social media and apps appear to be pervading all spheres of live.

Taking a cue from the heavy dependence of social media and mobile on people’s lives, the Railway Ministry has launched a portal on Complaint Management in English and Hindi to address needs of the consumers. However, the mobile application is available only in English on Android platform.

The public complaints and suggestions are being monitored on a real time basis. Necessary instructions have been issued to concerned officials to finalize the complaints at the earliest. However, no time frame has been set to redress the complaints.

Minister of State for Railways Manoj Sinha told the Parliament that bona fide passengers could also send their suggestions through this newly launched portal.

The details of the Railway Mobile App have been given wide publicity through Indian Railways’ sharing details on its social networking sites such as Facebook and Twitter.

 
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Posted by on April 29, 2015 in Uncategorized

 

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Railway Ministry details business model in collaboration with state governments & local bodies

Suresh Prabhu, Minister for Railways, Government of India, has enumerated the different business models for the railways, which include the state governments and local bodies for creating a shared vision for development. He mentioned the low investments have eroded the efficiency of railways vis-à-vis the road sector, as per a PIB release. The Centre is working towards correcting this situation through innovative measures to attract investments, and utilising railway assets at stations by allowing a higher Floor Space Index (FSI) in partnership with local bodies, the Minister added.

Prabhu highlighted that railways would save over Rs 3,000 crore annually on energy alone by incorporating better power purchase arrangements. Despite being one of the largest buyers of electricity, the Minister informed, the Indian railways has bought power at a fairly high rate, and there is a lot of scope for rationalisation. The energy basket of the railways was being widened to include more renewable sources, with the platform roof and railway coaches being equipped with solar panels, he said. Energy-efficiency measures are also being incorporated to optimise the usage of this significant cost head.

In response to a question from the audience, Prabhu mentioned that the Railway Ministry is working towards implementing the recommendations of the Bibek Debroy Committee, which has proposed creation of an independent regulatory mechanism, giving the railways autonomy to ensure better quality of service and improving efficiency.

Sumit Mazumder, President Designate, Confederation of Indian Industry (CII), reiterated the body’s commitment to work closely with the Railway Ministry to have a broad, shared vision and one common agenda for all stakeholders. He extended full support of CII for making this a success.

Mazumder also spoke about the International Railway Equipment Exhibition (IREE) and International Rail Conference (IRC), a dedicated rail show being organised by CII in association with the Ministry of Railways at Pragati Maidan, New Delhi. The event is scheduled to take place from October 14-16 this year.

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Posted by on April 9, 2015 in Uncategorized

 

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Railways can contribute 2 percent to GDP: Suresh Prabhu

The railways can contribute up to two percent to the gross domestic product (GDP), Railway Minister Suresh Prabhu said on Sunday adding that he has asked the railway board to identify key issues and focus areas towards this end.

Speaking at an event here organised by the Confederation of Indian Industry, Prabhu, who presented the railway budget for 2015-16 on Thursday, said public sector banks and the ministry will work together on expanding the rail network.

The ministry is also expected to sign agreements with financial institutions to fund project and issue tax free bonds soon.

“Railways is keen to deepen the participation of private sector in railway,” Prabhu said according to a release by the CII.

He also said that the railway ministry needs to completely revamp the public-private partnership (PPP) model to make it successful.

“During the interaction, members (CII national council) emphasized on the need for better risk-reward sharing in PPP projects, using land as equity component,” CII said.

 
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Posted by on March 19, 2015 in Uncategorized

 

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Railway Ministry seeks to rope in officials with IIM, IIT background to help for budget making

For the first time, the government is inviting suggestions from the public for formulating Railway Budget 2015-16. Railway minister Suresh Prabhu will present the second budget of the National Democratic Alliance (NDA) government in February. Among the other new and unique initiatives taken by Prabhu is creation of a database of the officials having IIT or IIM background.

Discussing the initiative taken by Prabhu, a source close to the development told dna, “The railway ministry has sought suggestions from the general public on the upcoming budget. Also, the minister has called for a list of officials who have degrees from the Indian Institute of Mass Communication and Indian Institute of Technology. This list has been compiled and has been handed over to the minister.” Prabhu also desired to know the area of educational specialisation of the officials having IIM, IIT background.

According to sources, this database is being made to deploy the internal resources on specific subjects such as funding models, revenue sharing of infrastructure projects and model concession agreements so that the dependence on outside consultancies could be reduced.

The suggestions to the railway ministry for the budget could be provided on the website of the ministry. The suggestions could be made under 13 heads. These include computerisation, electrical, finance, foot over bridge, freight, infrastructure, land, railway lines and crime prevention.

There is also an innovative ideas head under which suggestions could be given to the railway ministry. The initiative was launched last week, but the sources did not disclose what suggestions have come till date. The suggestions are being collected at a place and will be forwarded to the concerned departments for evaluating whether it could be taken up for consideration in the budget.

Funding of the already announced railway projects, which will require Rs 4-6 lakh crore, is one of the key focus area in the budget. Already, two committees are working on the fundraising aspect of Railways, and will come out with reports soon.

DNA Indian

 
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Posted by on January 7, 2015 in Uncategorized

 

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Railway Ministry seeks to rope in officials with IIM, IIT background to help for budget making

For the first time, the government is inviting suggestions from the public for formulating Railway Budget 2015-16. Railway minister Suresh Prabhu will present the second budget of the National Democratic Alliance (NDA) government in February. Among the other new and unique initiatives taken by Prabhu is creation of a database of the officials having IIT or IIM background.

Discussing the initiative taken by Prabhu, a source close to the development told dna, “The railway ministry has sought suggestions from the general public on the upcoming budget. Also, the minister has called for a list of officials who have degrees from the Indian Institute of Mass Communication and Indian Institute of Technology. This list has been compiled and has been handed over to the minister.” Prabhu also desired to know the area of educational specialisation of the officials having IIM, IIT background.

According to sources, this database is being made to deploy the internal resources on specific subjects such as funding models, revenue sharing of infrastructure projects and model concession agreements so that the dependence on outside consultancies could be reduced.

The suggestions to the railway ministry for the budget could be provided on the website of the ministry. The suggestions could be made under 13 heads. These include computerisation, electrical, finance, foot over bridge, freight, infrastructure, land, railway lines and crime prevention.

There is also an innovative ideas head under which suggestions could be given to the railway ministry. The initiative was launched last week, but the sources did not disclose what suggestions have come till date. The suggestions are being collected at a place and will be forwarded to the concerned departments for evaluating whether it could be taken up for consideration in the budget.

Funding of the already announced railway projects, which will require Rs 4-6 lakh crore, is one of the key focus area in the budget. Already, two committees are working on the fundraising aspect of Railways, and will come out with reports soon.

DNA India

 
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Posted by on January 5, 2015 in Uncategorized

 

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