Several committees including the National Transport Policy Committee, the Rail Tariff Enquiry Committee and the Railway Reforms Committee have also highlighted the shortcomings
GN Bureau | March 29, 2018
Railways has lagged behind due to inadequate investment, union minister Rajen Gohain informed parliament.
The minister said that railways has a huge throw-forward in its capital expenditure program. Currently, the throw-forward in capacity expansion program is over Rs 4 lakh crores.
Read: What’s ailing Indian Railway?
Several committees including the National Transport Policy Committee, the Rail Tariff Enquiry Committee and the Railway Reforms Committee have also highlighted the shortcomings.
Recent Committee headed by Bibek Debroy for “Restructuring and Mobilization of Resources” has recommended to explore sources of funding PPPs, JVs, -institutional finance, etc., in addition to the conventional mode of internal generation of resources.
The minister said that a new source of funding viz. Extra-Budgetary Resources (Institutional Finance (EBR-IF in short) has been introduced with effect from financial year 2015-16. It is envisaged to mobilize funds to the tune of Rs 1.5 lakh crore through EBR(IF) for financing railway projects over a period of five years (2015-16 to 2019-20).
The ministry of railways signed a Memorandum of Understanding(MOU) with the Life Insurance Corporation of India(LIC) on March 11, 2015 whereby LIC has agreed to provide funding assistance to the tune of Rs 1,50,000 crore over a five year period from 2015-16 to 2019-20 for financing railway projects. These funds will be routed through Indian Railway Finance Corporation who will finance the identified projects and lease them to the railways.
The government has reviewed the issue of availability of Remdesivir Drug and has decided to increase the production and decrease the price of the drug. The government has also issued a ban on its export. Remdesivir is the first drug approved by the FDA for treating the SAR
Union Minister for Communication & IT and Law & Justice Ravi Shankar Prasad launched the Online Grievance Management Portal of National Commission for Scheduled Castes (NCSC) in the presence of Minister of State for Social Justice & Empowerment Shri Rattan Lala Kata
Essential services allowed: 1) Hospitals, diagnostic centres, clinics, vaccinations, medical insurance offices, pharmacies, pharmaceutical companies, other medical and health services including supporting manufacturing and distribution units. This would also include dealers, transpo
Striving to control the deadly second wave of Covid-19 infections, the Maharashtra government has imposed prohibition on the gathering of more than four people as well as night curfew from Wednesday till May 1. Starting 8 pm Wednesday, Section 144 of CrPC (prohibition on the gathering of mor
Union Commerce and Industry Minister Piyush Goyal inaugurated e-SANTA, an electronic marketplace providing a platform to connect aqua farmers and buyers. It aims to enable the farmers to get a better price and the exporters to directly purchase quality products from the farmers
Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) have granted a conditional exemption to Central Mine Planning and Design Institute (CMPDI) for surveying in coalfield areas of Coal India Ltd. The drones will be deployed for the acquisition of d