Search Result for : Railway Ministry

The Dollar Business Bureau The government is currently working on a plan to upgrade Indian railways, as the Ministry of Railways has announced Rs.500 crore investment to purchase high-speed locomotive and technology from global high-speed train manufacturers and suppliers.    In the first phase, the government will float a global tender to acquire ten high-speed electric locomotive trains with a capacity to run at 200 kmph and beyond. The Delhi-Mumbai and Delhi-Kolkata rail corridors will be upgraded first, making them suitable for clocking 200 kmph speed. At present, Shatabdi, Rajdhani and Duronto trains run at a maximum speed of 130 kmph on Delhi-Kolkata track. Only one high-speed train, Gatimaan Express, is running at 160 kmph on the Delhi to Agra route. The successful bidder will take responsibility of ...

The Dollar Business Bureau  With an aim to increase its revenues, the Indian Railways has formulated plans to make Rs.8000 crores via commercial development of railway land across the country. There are several areas near railway stations, colonies and workshops, which are lying idle and according to the plan, these unused sites would be developed commercially, said a senior official from the Railway Ministry. In order to commercially utilise these sites, Indian Railways has created a Rail Land Development Authority (RLDA). Presently, RLDA has been entrusted with 49 sites, that measures 497.21 hectares, for commercial development, the official informed. He further said the extent of revenue expected to be generated from these sites will be around Rs.7000 to 8000 crore. In addition to these 49 sites, ...

The Dollar Business Bureau Railway tickets booked online through the IRCTC website will not attract any service charge from November 23 to December 31. The Govt has waived the service tax to encourage cashless transactions due to demonetisation, a railway official announced to the media. "Service tax will not be levied on tickets booked through the IRCTC website from November 23 to December 31." Rs.20 is levied as service charge on sleeper classes while Rs.40 is levied on AC classes when booking online. Passengers can now travel cheaper till the end of this year the railway official said.  

Will the withdrawl of customs tariff exemption result in increase in prices of 76 life-saving drugs? While the government says there are cheaper domestic drugs available, many social groups foresee a high double-digit percentage rise in cost of drugs owing to lack of supply from Indian manufacturers. The debate is on... Source: PTI; The Dollar Business Bureau A notification issued by Central Board of Excise and Customs last week had withdrawn the customs duty exemption on the import of 76 drugs   Defending the move to end the customs duty exemption for import of 76 life-saving drugs including those for treating cancer, AIDS and haemophilia, government has said Indian manufacturers are already selling most of these drugs at cheaper prices. It also claimed there ...

The manufacturing of stainless steel LHB broad gauge coaches for Bangladesh Railways is in progress at the Rail Coach Factory in Kapurthala Source: PTI Earlier, RCF Kapurthala has exported coaches to South East Asian and African countries which have Metre Gauge rail networks   Railways will export 120 modern LHB coaches to Bangladesh at an estimated cost of Rs.367 crore, with the first consignment of 40 set to be dispatched in March. This is the biggest-ever consignment of Linke Hofmann Busch (LHB) coaches to be exported by the Railways, said a senior Railway Ministry official. The export order of 120 LHB coaches include 17 AC first class, 17 AC chair car, 34 non-AC chair car with pantry, 33 Non-AC chair car with prayer room and ...