In order to tap non-farebox avenues for revenue enhancement, Indian Railways on Mondayappointed global professional services provider EY to undertake a six month study to tap the advertising potential of stations and trains.
With the finance ministry expressing its inability to fund the railways' expenditure on the Seventh Pay Commission, the transporter's operating ratio — operating expenses as a proportion of revenues — is likely to exceed
With the railways' finances beginning to bite, and the finance ministry is making it clear it will not be able to help much in FY17, railway minister Suresh Prabhu has asked Railway Board members for suggestions — within 15
With the Indian Railways finances beginning to bite, and the finance ministry making it clear it will not be able to help much in FY17, Railway minister Suresh Prabhu has asked Railway Board Members for suggestions – within
Of the Rs 1.02 lakh crore extra expenditure estimated to implement the commission’s award next fiscal, Rs 73,650 crore was to be provided through the Union Budget and Rs 28,450 crore via the Railway Budget.
In line with the budget commitment made by Indian Railways towards installation of solar plants as part of its 'Solar Mission' to reduce dependency on fossil fuels, the transporter has come out with a policy on solar capacity
Food lovers travelling by Indian Railways trains have reason to rejoice, thanks to a tie-up between Indian Railway Catering and Tourism Corporation (IRCTC - irctc.co.in) and 70-odd food vendors as well as aggregator Foodpanda
The railways, which requires to add 17,000 more wagons to its fleet next fiscal given the estimated growth in freight loading, has tweaked its tendering norms to avoid irrationally aggressive bidding by wagon producers that h