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SCR General Manager Ravindra Gupta led a 'Swachh Rail – Swachh Bharat' run organised at Necklace Road Railway Station here in commemoration of the golden jubilee of the railway zone which came into existence October 2, 1966. (PTI)
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Indian Railways reforms: The railway regulatory authority will probably be cleared through an executive order soon. Since deciding fares has become such a huge political liability (cutting tariffs is not problem, it is when fares are raised that commotion erupts), this regulatory authority will have a crucial role in setting rail tariffs. (PTI)
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Indian Railways reforms: Railway Infrastructure Development Fund will be funded by the World Bank to the tune of $5 billion over a period of seven years. This fund will be used to power projects that can quickly yield good returns. (PTI)
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Indian Railways reforms: With Railway Budget being scrapped from 2017, an official said, "Railways is exploring non-Budget funding options to implement projects, including high-speed trains, rolling stock, station development and infrastructure development." (PTI)
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Indian Railways reforms: Funds will not be a problem for Indian Railways as investment options are being identified and finalised. In fact, courtesy the Life Insurance Corporation (LIC), the Indian Railways has received a Rs 1.50 lakh crore loan for 30 years and out of this just Rs 10,000 crore has been spent. (PTI)
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Indian Railways reforms: Foreign sources too have stepped in to provide funds, with Japan International Cooperation Agency among the biggest. It has provided a 50-year loan at 0.1 per cent interest for the whopping Rs 1 lakh crore Mumbai-Ahmedabad bullet train. (Reuters)
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Indian Railways reforms: If that does not seem enough to the doubters, then it should be revealed that all of this is in addition to the budgetary allocation for Indian Railways of Rs 1.21 lakh crore in the current fiscal. (Reuters)
The man who built IndiGo — and quietly walked away with Rs 40,000 crores
