Salary, social obligations take away big funds of Railways: Piyush Goyal
5 years, 1 month ago

Salary, social obligations take away big funds of Railways: Piyush Goyal

India Today  

Union Railway Minister Piyush Goyal on Wednesday responded on Comptroller and Auditor General of India report which stated operational losses of Indian Railways increasing manifold. Railways have been spending an additional Rs 22,000 crore on salaries and pensions of its employees following implementation of the 7th Pay Commission recommendations, which has hit its financial health, Railway Minister Piyush Goyal said in Lok Sabha on Wednesday. Responding to a question on operational losses of railways, Piyush Goyal said construction of new lines and operating trains in economically nonviable areas under its social obligations also take away a sizeable amount of its funds. Piyush Goyal said that Indian Railways is investing large amounts in the North East, in the defence regions and in the hilly areas where "recovery of cost is never going to be possible".

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History of this topic

Previous Congress Govt Neglected Railyway Infra: Shivraj
1 year, 5 months ago

Previous Congress Govt Neglected Railyway Infra: Shivraj

Deccan Chronicle  

Bhopal: Madhya Pradesh chief minister Shivraj Singh Chouhan on Sunday said that the previous Congress government had neglected railway infrastructure in the state by denying adequate allocation for the sector. Addressing a function at Vidisha in Madhya Pradesh organised on the occasion of foundation laying for redevelopment of 34 railway stations in the state, Mr Chouhan said that the rail, …

Assessing co-benefits from metro rail in India
1 year, 11 months ago

Assessing co-benefits from metro rail in India

Hindustan Times  

Rapid population growth and the expansion of metropolitan regions are defining features of India’s economic growth story. In particular, heavy metro rail transit systems have received substantial attention at the national and subnational levels, given their ability to cater to high passenger densities in an energy-efficient manner. But following the 2013 guidance from the central government that cities with populations …

No plans to privatise Indian Railways, says Centre
2 years, 9 months ago

No plans to privatise Indian Railways, says Centre

Firstpost  

The Railways will continue to fulfil social obligations, the Railway Minister Ashwini Vaishnaw said, adding that Rs 60,000 crore subsidy is provided on passenger fares New Delhi: Railway Minister Ashwini Vaishnaw on Wednesday said the government has no plans to privatise the Indian Railways and opposition parties’ contention in this regard is hypothetical. Replying to a discussion on demands for …

Is Railways on track to draw private capital?
2 years, 11 months ago

Is Railways on track to draw private capital?

Live Mint  

NEW DELHI : Back in July 2020, for the first time in its 169-year history, the Indian Railways offered 109 routes to private players to operate trains on. The share of capital expenditure in Railways’ total expenditure has increased from 28% in 2014-15 to 53% in 2020-21. Meanwhile, what the Railways calls ‘extra budgetary resources’ have increased 10-fold, from about …

Will Indian Railways be privatised? Here's what Piyush Goyal said in Lok Sabha
3 years, 9 months ago

Will Indian Railways be privatised? Here's what Piyush Goyal said in Lok Sabha

India TV News  

Railways Minister Piyush Goyal on Tuesday asserted that Indian Railways will never be privatised but said private investment should be encouraged for more efficient functioning. Replying to a discussion on Demands for Grants for Railways in the Lok Sabha, Goyal said there has been no death of any passenger in rail accidents in past two years and the railways has …

Railways to be catalyst of change for Aatmanirbhar Bharat: Piyush Goyal
3 years, 11 months ago

Railways to be catalyst of change for Aatmanirbhar Bharat: Piyush Goyal

India TV News  

Railways Minister Piyush Goyal on Thursday said that the 2021 Budget has focussed on infrastructure projects in Indian Railways and the highest capital expenditure will act as a huge catalyst to revitalise the economy and lead towards Aatmanirbhar Bharat. Addressing a press conference, he said that Indian Railways is marching ahead on its bigger plan like achieving 100 per cent …

'Govt Profiting Out of Misery of Poor Indians': Sitaram Yechury on Shramik Special Trains Revenue
4 years, 5 months ago

'Govt Profiting Out of Misery of Poor Indians': Sitaram Yechury on Shramik Special Trains Revenue

News 18  

CPI general secretary Sitaram Yechury on Saturday alleged the government was "profiting out of misery of poor Indians" from the Shramik Special trains that were pressed into service to ferry stranded migrant workers home amid the coronavirus crisis. In a tweet, Yechury tagged reports that Railways earned Rs 429 crore from the migrant special trains and said the "attitude" of …

The Hindu Explains | Why has Indian Railways opened doors for private players?
4 years, 6 months ago

The Hindu Explains | Why has Indian Railways opened doors for private players?

The Hindu  

The story so far: Indian Railways has launched the process of opening up train operations to private entities on 109 origin destination pairs of routes using 151 modern trains. The present invitation for private operators to submit qualification bids for 151 trains would be, in the assessment of the Railway Board, only for a fraction of the total train operations …

Railways: Withdraw decision to allow private players, say Left parties
4 years, 6 months ago

Railways: Withdraw decision to allow private players, say Left parties

The Hindu  

The Left parties strongly condemned the Union Railway Ministry’s decision to allow private players to operate passenger train services on over 100 routes. “Contrary to the claim that this will boost job generation, past experience has shown that it results in a huge job loss creating insecurity for crores of employees of the Railways,” the Polit Bureau statement said. The …

8 lakh @ 125 days: Railways to provide jobs to migrants at cost of Rs 1,800 crore
4 years, 6 months ago

8 lakh @ 125 days: Railways to provide jobs to migrants at cost of Rs 1,800 crore

India TV News  

The Indian Railways will be providing 8-lakh man-days of employment opportunities to migrants workers in the next 125 days till October 31 under government's Garib Kalyan Rojgar Yojana Abhiyaan, announced Railways Minister Piyush Goyal. Taking to Twitter, Piyush Goyal said, "fulfilling our duty to the nation, Railways to generate 8 lakh man-days of employment under Prime Minister's Garib Kalyan Rojgar …

Huge opportunities for businesses in railways: Piyush Goyal
4 years, 6 months ago

Huge opportunities for businesses in railways: Piyush Goyal

India TV News  

Railways Minister Piyush Goyal on Monday said huge opportunities are there for businesses in the sector as the ministry is willing to lease out traffic routes and parcel trains to them. The minister also said that on Sunday, railways were able to move about 95 per cent of the freight that it did on June 21 last year. "We are …

13 lakh railway employees to donate a day’s salary: Goyal
4 years, 9 months ago

13 lakh railway employees to donate a day’s salary: Goyal

The Hindu  

The Railway Ministry will donate ₹151 crore to PM-CARES fund to help combat the COVID-19 outbreak, Union Railways Minister Piyush Goyal said on Sunday. “Following PM @NarendraModi ji’s call, I, & MoS Suresh Angadi will donate 1 month’s salary & 13 lakh railway & PSU employees will donate 1 day’s salary, equal to ₹151 cr, to PM-CARES fund My grateful …

Railways won’t be privatised, says Piyush Goyal
4 years, 9 months ago

Railways won’t be privatised, says Piyush Goyal

The Hindu  

The Union government has no plans to privatise the Railways now or in future as it is the property of the people, Railways Minister Piyush Goyal said in the Rajya Sabha on Tuesday. After MPs complained about delayed rail projects, Mr. Goyal said the Centre was focusing on projects without land, forest clearance or encroachment hurdles. Mr. Goyal replied that …

No plan to privatise Indian Railways as it belongs to people: Piyush Goyal in Rajya Sabha
4 years, 9 months ago

No plan to privatise Indian Railways as it belongs to people: Piyush Goyal in Rajya Sabha

Live Mint  

There is no plan to privatise Indian Railways as it belongs to the people of the country, Railways Minister Piyush Goyal asserted in Rajya Sabha on Tuesday after some members raised concerns over it. Indian Railways belongs to the people of this country, it will remain so," Goyal said. Goyal said the government was committed to making Indian Railways world …

Indian Railways: How private players lining up to run trains is real reform
4 years, 10 months ago

Indian Railways: How private players lining up to run trains is real reform

Op India  

Twenty years ago, air travel was a distant dream for most Indians. We had Indian Airlines and Air India, both creaky government monopolies, run from equally creaky government-run airports. Read: Congress lies about Budget 2020, claims Modi Govt has reduced funds for Indian Railways: Here are the facts Smaller airports are buzzing too. Tata, Adani and Hyundai queue up to …

Proposal to outsource commercial, onboard services; but no large-scale privatisation plans: Railway Ministry
5 years, 1 month ago

Proposal to outsource commercial, onboard services; but no large-scale privatisation plans: Railway Ministry

India TV News  

There is a proposal to outsource commercial and onboard services of a few trains, but no large-scale privatisation plans are underway, the Railway Ministry informed Parliament on Friday. Railway subsidiary IRCTC, its tourism and catering arm, has already started running railways' first "private" train, Tejas Express from Lucknow to Delhi. There is a proposal to outsource the commercial and onboard …

Not privatising Railways; only outsourcing some services: Govt
5 years, 1 month ago

Not privatising Railways; only outsourcing some services: Govt

India TV News  

The government is not privatising the Indian Railways but only outsourcing commercial and onboard services to private players in order to provide better facilities to commuters, Railways Minister Piyush Goyal said in Rajya Sabha on Friday. Noting that thousands of new trains and more investment are required for providing new facilities/rakes and meet the passengers rush, Goyal said: "If there …

Not privatising Railways, but only outsourcing commercial and onboard services to private players, Piyush Goyal tells Rajya Sabha
5 years, 1 month ago

Not privatising Railways, but only outsourcing commercial and onboard services to private players, Piyush Goyal tells Rajya Sabha

Firstpost  

The government is not privatising the Indian Railways but only outsourcing commercial and on-board services to private players in order to provide better facilities to commuters, Railways Minister Piyush Goyal said in Rajya Sabha on Friday. New Delhi: The government is not privatising the Indian Railways but only outsourcing commercial and on-board services to private players in order to provide …

Modi doing for Railways what Vajpayee did for roads: Suresh Angadi
5 years, 5 months ago

Modi doing for Railways what Vajpayee did for roads: Suresh Angadi

India Today  

Minister of State for Railways Suresh Angadi on Thursday said Railways has witnessed a change after Prime Minister Narendra Modi assumed office, adding that the latter did what late Prime Minister Atal Bihari Vajpayee did for roads in the country. Speaking to ANI after the marathon discussion in Lok Sabha on the demands for grants of Railways, Angadi said, "Railways …

No proposal to privatise Railways: Union Miniter Piyush Goyal
5 years, 5 months ago

No proposal to privatise Railways: Union Miniter Piyush Goyal

India TV News  

There is no proposal to privatise Indian Railways, Lok Sabha was informed on Wednesday. In a written reply, Railway Minister Piyush Goyal said "no specific passenger train has been identified to be run by private payers so far." In his written response, Goyal said, ".there is no proposal to privatise Indian Railways". In a separate written reply, Goyal said that …

Opinion | Aaj Ki Baat July 5 episode: Union Budget outlines PM Modi's dreams about a New India
5 years, 6 months ago

Opinion | Aaj Ki Baat July 5 episode: Union Budget outlines PM Modi's dreams about a New India

India TV News  

The Union Budget presented by Finance Minister Nirmala Sitharaman on Friday in Parliament was basically a budget to outline the policies and objectives of Prime Minister Narendra Modi's government, now into its second term. The budget presented by Sitharaman outlines the electoral promises made by Prime Minister Modi, and the main focus is on 'Gaon, Gareeb, Kisaan'. Overall, Prime Minister …

No plan to privatise railways or trains like Rajdhani, Shatabdi: Piyush Goyal
5 years, 6 months ago

No plan to privatise railways or trains like Rajdhani, Shatabdi: Piyush Goyal

Live Mint  

Union minister Piyush Goyal on Friday said that the railways has no plans to privatise the national transporter or its premium trains such as Rajdhani and Shatabdi express, amidst speculation that there was a proposal to rope in private operators. Responding to a query on the privatisation of these trains and the entire network, Goyal told the Rajya Sabha in …

Railways eyes new revenue source: Freight trains to display ads
5 years, 6 months ago

Railways eyes new revenue source: Freight trains to display ads

Live Mint  

For the first time, freight trains will display The South Eastern Railway has awarded a contract under the "Branding on Wheels" scheme to Dalmia Cement for a period of five years for 300 BOXN wagons or five rakes. "The "It is movable advertising and this means that the client will get greater publicity across the route," said an official. Beside …

Budget 2019: Safest year for Indian Railways, says Piyush Goyal
5 years, 11 months ago

Budget 2019: Safest year for Indian Railways, says Piyush Goyal

Live Mint  

New Delhi: The Union budget has allocated ₹64,587 crore outlay for Indian Railways for the upcoming financial year 2019-2020 to expand the railway infrastructure in the country. In his interim-budget speech on Friday, the finance minister Piyush Goyal said Indian Railways has witnessed its safest year in the history in 2018-19 and the national carrier has been able to remove …

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