Sensex and Nifty closed with marginal upside on Thursday as Wholesale inflation rose to a four-month high of 3.24% in August as prices of food articles, led by onions and vegetables, soared.
Railway Minister Suresh Prabhu today said the first bullet train will run in India in 2023 heralding a new era in train operations in the subcontinent.
A high-level delegation led by NITI Ayog vice chairman Arvind Panagariya will meet Japanese officials in Tokyo tomorrow to finalise key issues relating the Rs 98,000 crore Mumbai-Ahmedabad high-speed rail project.
The government has floated National High Speed Rail Corporation with a paid up capital of Rs 200 crore to implement the bullet train project.
Bullet train fare: The Ministry of Railways has proposed a tariff for the upcoming bullet train service between Mumbai and Ahmedabad that will be 1.5 times more than the first class AC fare prevailing now.
Responding to a series of questions during Question Hour on slow speed of trains, Suresh Prabhu wondered whether there was a “deliberate misinformation” being spread that bullet trains and ‘normal trains’ were at conflict.
The 508 km long Mumbai-Ahmedabad high speed rail corridor will have a 21 km long tunnel under the sea
China is wooing India to help build high-speed railway on other routes, claiming that it has the technology and expertise which could bring enormous economic and social benefits.
The proposed bullet train between Mumbai and Ahmedabad will have to ferry 88,000-118,000 passengers per day, or undertake 100 trips daily, for the Railways to keep it financially viable, according to a report by Indian Institute of Management Ahmedabad (IIM-A).
Fast-tracking implementation of the Mumbai-Ahmedabad bullet train, the Centre has set up a high-level panel headed by NITI Aayog Vice-Chairman Arvind Panagariya to sort out bilateral issues with a similar committee set up by Japan.
In order to solve problems like acquiring vast tracts of land and building underpasses for people and cattle, the proposed Mumbai-Ahmedabad bullet train may run on an elevated corridor, which is likely to increase the project cost by about Rs 10,000 crore.
The proposed Rs 98,000-crore Mumbai- Ahmedabad bullet project along with the diamond quadrilateral project that seeks to build 6,000 km of high-speed rail network, can create a whopping USD 51 billion business opportunity for the MSME sector, says a report.
The Rs 1,00,000 crore spend on the Ahmedabad-Mumbai bullet train link raises vital questions
After losing out to Japan to build India’s first bullet train network, China today said it has still kept its options open to pursue cooperation with India in the high-speed rail sector…
A Rs 98,000-crore project to lay India’s first bullet train network between commercial nerve centre of Mumbai and Ahmedabad was today finalised at the annual summit talks between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.