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.
Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,
With Mumbai city battling myriad civic issues and annual flooding year after year, stakeholders and experts came together to discuss ways of dealing with these issues as community work. The discussion was held at the TEDxVersova Salon- Vibrant Civic Participation, an independent TED event organized by the
Addressing the nation from the ramparts of the Red Fort for the first in his second term, prime minister Narendra Modi highlighted the new beginnings his government has made in recent days, and underlined the hopes of a new India in the making. “Things that could not happen in the past
India has told China that the legislation changing the status of Jammu and Kashmir was “an internal matter. External affairs minister S Jaishankar, visiting China Monday, told foreign minister Wang Yi that the legislative measures were aimed at promoting better governance and socio-ec
When considering climate change, one of the greatest threats before the humanity, discussions usually focus on air and water, but land too is affected by and in turn affects global warming as much as those two elements. A new report from the Intergovernmental Panel on Climate Change (IPCC), out early Augus
To revive bus ridership, the BMC-run Brihanmumbai Electric Supply and Transport (BEST) reduced its bus fares in Mumbai to minimum Rs 5 for non-AC buses as against Rs 8 earlier for the first five kilometres and capped maximum fare at Rs 20. For its AC buses the minimum fare has been brought down from Rs 20