Page 22 - Indian Railways

CAG flags financial loss of Rs 2,604 cr to Railways in 33 case studies

The Comptroller and Auditor General of India (CAG) has flagged financial losses to the Indian Railways to the tune of Rs 2604.40 crore in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures. According to the CAG, the instances mentioned in the report are those which came to notice in the test audit for the period 2021-22 as well as those which came to notice in earlier years, but could not be reported in the previous Audit Reports. In one of these 33 cases, the CAG said that the Ministry of Railways suffered a loss of Rs 834.72 crore in interest it was forced to pay to a third party on a loan of Rs 3,200 crore it had extended to IRCON for development of a land parcel. IRCON paid the loan along with interest but no development of the land parcel was done, it said. It recommended the fixing of the responsibility for this huge loss and avoid "decisions for generating Non-Fare ...

Shortage of medical, para staff in test checked hospitals of Railways: CAG

The Comptroller and Auditor General of India said in its report that while carrying out an audit of Management of Health Services in Indian Railways' it observed the shortage of medical and para medical staff in test checked hospitals of the Zonal Railways. There was also shortage in availability of machines/medical equipment with reference to IPHS (Indian Public Health Standards) norms. Even the minimum requirement of machines/medical equipment as per clinical Establishment (Registration and Regulation) Act 2010 was not being met, the CAG said in its recent report. According to the CAG, the Indian Railways (IR) provide medical and health services to about one crore railway beneficiaries through 129 hospitals and 586 Health Units and the review on Management of Health Services in Indian Railways covered the issues for assessing the adequacy and quality of health services provided by it during the period 2017-18 to 2021-22. Audit examined the implementation of various policies and ..

5% of all Railway revenue from flexi, tatkal, others in last 5 yrs: Ashwini

Railways earned approximately 5 per cent of its total revenue from flexi fare, tatkal and premium tatkal tickets from 2018-19 to 2022-23, Railway Minister Ashwini Vaishnaw said in a written reply in the Rajya Sabha on Friday. Vaishnaw gave the information responding CPI (M) MP John Brittas, who wanted the details of revenue earned by Railways on account of flexi fare, tatkal, premium tatkal and cancellation of tickets during last five years till March 3, 2024 and for the first quarter of 2024-25. Brittas also asked, "Whether the whole amount paid by a person for booking an unconfirmed ticket will be refunded in case of automatic cancellation of ticket by Railways itself owing to unavailability of berths." "Revenue earned by Railways on account of flexi fare, tatkal and premium tatkal during 2018-19 to 2022-23 is approximately 5% of total revenue earned from passenger services. Moreover, amount credited on account of cancellation of tickets by passengers is not maintained separately,

Should you buy or sell RVNL post Q1 results; here's what chart suggests

The overall bias for RVNL stock is likely to remain positive as long as the stock holds above Rs 490 levels; however, current momentum hints at likely 9 per cent downside risk at the counter.

Kavach 4.0 tenders to be out soon for 10,000 locos: Ashwini Vaishnaw

Tenders have been issued for Delhi-Chennai and Mumbai-Chennai sections ranging 3,300 Rkm and important automatic sections covering 5,000 Rkm

After 'derailment min' jibe, Vaishnaw says focus is on railways, not reels

Ashwini Vaishnaw's strong response came after Congress MP Gaurav Gogoi criticised him for not taking moral responsibility for train accidents and called him the 'derailment minister'

9,784 railway bridges sanctioned for repairs, rebuilding: Vaishnaw in LS

Railways Minister Ashwini Vaishnaw informed Lok Sabha in a written reply on Wednesday that the Indian Railways sanctioned 9,784 railway bridges for repairs, strengthening, rehabilitation or rebuilding. Vaishnaw responded to questions raised by nine MPs on whether the government has identified old railway bridges in Maharashtra which are in dilapidated conditions and the details of the repair work undertaken in the last three years. These members were concerned about the status of collapse of railway bridges in the last three years and the number of persons killed and injured as a result of that. They also wanted to know the steps taken by the government to repair all the old railway bridges across the country. "There is a well established system of inspection of railway bridges on Indian Railways. All the railway bridges are inspected twice a year, one before the onset of monsoon and one detailed inspection after the monsoon," Vaishnaw said. "In addition, certain railway bridges a

WATCH: Vande Bharat passenger slaps server after being served non-veg food

Vande Bharat viral video: Several passengers came to the defence of the server while condemning the elderly man for 'attacking a poor worker'

Howrah-Mumbai Mail accident: Rs 10 lakh compensation for victims' families

Howrah-Mumbai Mail derailment: The Railway Ministry announces ex-gratia compensation of Rs 10 lakh for families of the deceased, Rs 5 lakh for the seriously injured, and Rs 1 lakh for minor injuries

Mumbai-Howrah Mail accident: Railways cancels at least 5 trains. Full list

Jharkhand train accident: At least 18 coaches of the Howrah-Mumbai Mail derailed in the predawn hours of Tuesday around 80 km from Jharkhand's Jamshedpur killing at least two people

Courts can't be ruthless: SC orders rehabilitation for Haldwani residents

Haldwani encroachment case: Supreme Court directs the Centre and Uttarakhand govt to create rehabilitation plan for more than 50,000 people residing in Haldwani. Next hearing is scheduled for Sept 11

Rlys on the move, eyes to ferry 7.4 bn passengers, 1,650 mt freight in FY25

Railways Minister Ashwini Vaishnaw said phased rollout plan of Kavach would be released soon

Union Budget 2024: Capital expenditure support continues to be sustained

India under the present government added 3,000 kms of Dedicated Freight Corridor, substantial patch doubling, quadrupling and track renewals

Union Budget 2024: Railways capex up marginally to Rs 2.65 trillion

Around Rs 1.08 trillion lined up for critical safety works like Kavach, repairing and overhaul of old lines

Conspicuous by absence: Three things that were missing in Budget 24 speech

In Finance Minister Nirmala Sitharaman's Budget 2024 speech, three points that did not feature, stood out for their absence

Fast capacity, energy efficiency among focus areas for Railways: Eco Survey

Fast capacity augmentation, modernisation of rolling stock, and energy efficiency are among the key focus areas for Railways, the Economic Survey 2023-24 said, highlighting Outlook's for Railway, on Monday. "In line with this, investments are prioritised in areas like dedicated freight corridors, high-speed rail, modern passenger services like Vande Bharat, Amrit Bharat Express, Aastha Special Trains, high-capacity rolling stock and last-mile rail linkages," the Survey said. It said that the Railways is planning projects for three major corridors -- High-traffic density corridors, Energy, Mineral and Cement Corridors, and Rail Sagar (port connectivity) corridors -- to reduce logistics cost and carbon footprint. The survey said that the Railways has planned to reduce its carbon footprint primarily through sourcing its energy requirements through renewable energy sources. "The expected requirement of installation of renewable capacity by 2029-30 is around 30 Giga Watts. Other strateg

Western corridor likely to be completed by 2025, says DFCC MD RK Jain

Awaiting Railway Board nod for future corridors, says MD

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024

Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget

'Accident in waiting': Report blasts Railways for Kanchenjunga collision

Loco pilot was given incorrect authority document, finds Railway safety commissioner

Budget 2024: Rail budget may see more focus on passenger capacity, safety

Ashwini Vaishnaw recently announced that the national transporter will manufacture 10,000 non-air-conditioned coaches over the next two financial years