Indian Railways, which has been striving to boost its freight revenue and tonnage through various freight rationalisation steps, continues to struggle, with its freight revenue declining by more than 10% in the second quarter of FY17 to R48,342 crore.
While trial runs of Talgo have seen it touch record speeds, several hurdles would need to be cleared if the Indian Railways is to procure the train coaches
Keeping the festive season rush in mind, Indian Railways (IR) plans to introduce 2,900 special trains between now and November 10, 300 more than what was introduced in the corresponding period last year.
At a time when the Indian Railways is struggling to regain its market share and meet its freight loading targets, Member Traffic, Railway Board, Mohd Jamshed tells Bilal Abdi that there won’t be any more “freight tariff rationalisation” in the current fiscal.
The railways ministry, which was in the final stages of preparing a Cabinet note for setting up the proposed railway development authority (RDA) via an executive order, is now divided over which route to take.
Capital investment may be stagnating in general, but government agencies seem to be partly bridging the deficit. Indian Railways, which had seen an unprecedented 52% jump in capex in the last financial year, is maintaining the tempo in the current year as well, data gathered by FE reveal.
Travelling by train even after paying surge prices is cheaper than taking a flight on a low-cost carrier this festive season.
Scheme not to be extended to other trains as of now
NOC entitles transporter to waiver from cross-subsidy surcharge
Moving a step closer to a corporate-like presentation of its financial numbers, Indian Railways, which has always fought shy of recognising profits and losses and merely talked about surpluses/shortfalls, has made its entire northwest zone shift to accrual-based accounting.
With Indian Railways’ traffic receipts struggling to grow (its traffic receipts up to July were trailing the budget estimate for the period by 13%) and a shift to commercial pricing in the passenger segment easier said than done, the transporter has increased the focus on non-fare receipts.
The share of domestic carriers in the international passenger market declined in January-March 2016 compared with the same period a year ago, report Bilal Abdi and Sumit Jha in New Delhi.
Magnetic levitation trains, or maglev trains, are trains which use electromagnetic suspension systems to levitate on steel rails, which essentially reduces friction and allows the train to reach very high speeds.
The exercise will start with unification of various railway cadres in a hope to align them according
to business lines
IRCTC, railway ticket booking platform, is partnering with internet-led companies such as Paytm, BlaBlaCars and Amazon to expand its footprints…
This can be used towards retiring its aircraft-related debt and cut its interest outgo. Currently, the annual interest outgo from the airline is R4,500 crore.
A fairly big shortage of pilots two years down the line — estimated at around 2,000 — could drive up costs for airlines. While employee costs constitute around10% of an airline’s overall revenues, the need to pay pilots more may push up expenses on this front.
The civil aviation ministry is likely to come out with a separate category of flying licence, known as scheduled commuter operator (SCO) permit, which will facilitate entry of new carriers that can ply on the new routes. This is a part of the government’s regional connectivity scheme (RCS), unveiled in the new civil aviation policy.
The cash-strapped India Railways is looking at land monetisation with renewed vigour.
The freight concessions being offered by Indian Railways (IR) as part of a strategy to boost volumes and increase market share have had an adverse impact on its revenue in the short term…
With Indian Railways’ traffic receipts struggling to grow and a shift to commercial pricing in the passenger segment easier said than done, the transporter has intensified the efforts to augment its so-called non-farebox receipts
The clarification came after the department of industrial policy and promotion (DIPP) notified the changes in FDI policy in the sector
While the new aviation policy has framed the sectoral priorities right, how it is implemented will be critical
With the new civil aviation policy proposing to extend the so-called hybrid till model for determining airport charges to state-run (Airport Authority of India-operated) airports also, passengers will have to fork out more as user development fees (UDF).
The government’s move to cap air fares to tier-II and tier-III cities at `2,500 is likely to further erode the
market share of the railways in passenger traffic.
With the potential investors’ initial response to the public-private partnership (PPP) model for railway stations’ redevelopment being lukewarm, the government is set to make the terms more attractive for them.
The government’s intention in raising the FDI limit in scheduled domestic airlines to 100% via the approval route was not to let foreign airlines acquire Indian carriers, a senior official said on Wednesday.