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August 5, 2026
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Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
August 5, 2026
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Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
August 5, 2026
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Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
August 5, 2026
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Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
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Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
August 5, 2026
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Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
August 5, 2026
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Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
August 5, 2026
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Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
August 5, 2026
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Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
August 5, 2026
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Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
August 5, 2026
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Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
August 5, 2026
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Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
August 5, 2026
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Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
August 5, 2026
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Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
August 5, 2026
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Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
August 5, 2026
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Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
August 5, 2026
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Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
August 5, 2026
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Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
August 5, 2026
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Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
August 5, 2026
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Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.

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Highlights of Railway Budget 2016-17 in Questions and Answers Format (Q & A Format)

March 3, 2016

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For the Convenience, the Highlights of Railway Budget, 2016-17 have been complied in questions and answers format which is given below : -

Rail Budget 2016-17

Q. What is the theme of this Budget?

  • To Reorganise, Restructure and Rejuvenate Indian Railways.
  • A new approach, a new way of working - “चलो, मिलकर कुछ नया करें”.
  • Objectives:

Ø  to improve customer service,

Ø  regain the lost modal share, and

Ø  to introduce a new way of working by relooking the processes and structures.

  • 3 pillars of the strategy :

Ø  Nav Arjan or New revenues (focus on new sources of revenue),

Ø  Nav Manak or New norms (optimising outgo on each activity), and

Ø  Nav Sanrachna or New Structures (revisiting all processes, rules, and structures).

Q Is this budget reform oriented?

  • Yes, the Budget 2016-17 focusses on consolidation of the vision set out in the Budget 2015-16.
  • Draft Bill on regulator to be finalized
  • Restructuring Railway Board on business lines
  • Forming cross-sectoral directorates
  • Setting up Railway Planning and Investment Organisation
  • Setting up a holding company for Railway PSUs
  • Creating a separate organization Special Railway Establishment for Strategic Technology & Holistic Advancement (SRESTHA) for R&D
  • Creating an organization Special Unit for Transportation Research and Analytics (SUTRA) for data analytics
  • Setting up duly empowered missions to take forward 7 activities with time bound targets – missions are for switching over to 25 tonne axle load, increasing speeds, accounting reforms, commissioning 100 sidings/PFTs in 2016-17, preparing a blueprint of utilizing the network once DFC is commissioned, zero accident for safety and for procurement and consumption efficiency.

Q How is capacity augmentation planned?

  • Plan Budget is pegged at ₹ 1.21 lakh crore, 21% higher than the expected Plan expenditure in 2015-16.
  • 2015-16 will surpass target of commissioning 2,500 km Broad Gauge lines.
  • 2016-17 commissioning of 2,800 kms of Broad Gauge track.
  • 90 new projects involving a total investment of ₹ 1,26,172 crore covering about 8,432 kms covering new line, doubling, gauge conversion and Metropolitan Transport Project (MTP) included in the Budget.
  • In 2016-17, Broad Gauge lines at the rate of over 7 km per day against an average of about 4.3 Km per day in the last 6 years.
  • This pace will increase to about 13 kms per day in 2017-18 and 19 kms per day in 2018-19
  • Railway Electrification - 1,600 kms to be commissioned in 2015-16; in 2016-17 propose to electrify 2,000 kms.
  • High speed passenger corridor from Ahmedabad to Mumbai; SPV to be registered; will bring in modern technology for the country.
  • DFC – three new freight corridors: North-South connecting Delhi to Chennai, East-West connecting Kharagpur to Mumbai & East Coast connecting Kharagpur to Vijayawada through innovative financing mechanisms including PPP
  • Port connectivity: Tuna Port commissioned in 2015-16 and rail connectivity projects to ports of Jaigarh, Dighi, Rewas and Paradip under implementation. For 2016-17, to take up connectivity for the ports of Nargol and Hazira under PPP.

Q What is there for the Common Man?

  • Introduction of Antyodaya Express, a long-distance, fully unreserved, superfast train service, to be operated on dense routes
  • Addition of two to four Deen Dayalu coaches in some long distance trains for unreserved travel with facility for potable drinking water and a higher number of mobile charging points
  • Sale of tickets through hand held terminals
  • Sale of platform tickets through ticket vending machines both cash and card compatible
  • E-ticketing facility to foreign debit/credit cards for foreign tourists and NRIs
  • Facility of cancellation through the 139 helpline using ‘One Time Password’
  • Bar coded tickets, scanners and access control on a pilot basis
  • Progressive CCTV coverage at tatkaal counters
  • ‘Vikalp’ (Alternative Train Accommodation System) scheme to be expanded to provide choice of accommodation in specific trains to wait-listed passengers.
  • IRCTC to manage catering services in a phased manner.
  • Extending e-catering services from 45 stations to all 408 ‘A-1’ and ‘A’ class stations.
  • Explore making mandatory catering services optional in trains.
  • Introducing a new policy where each stall at station can provide multiple products including milk products and OTC medicines
  • Option to our customers for drinking tea in kulhad
  • To convert all operational halts into commercial halts.
  • Information boards in trains to list on-board services and also GPS based digital displays inside coaches to provide information regarding halts.
  • A1 class stations to be manned with duly empowered Station Directors supported by cross functional teams.
  • Passenger amenities and beautification on stations at pilgrimage centres including Ajmer, Amritsar, Bihar Sharif, Chengannur, Dwarka, Gaya, Haridwar, Mathura, Nagapattinam, Nanded, Nasik, Pali, Parasnath, Puri, Tirupati, Vailankanni, Varanasi and Vasco.
  • Aastha circuit trains to connect important pilgrim centres.
  • Porters to have new uniforms and train them in soft skills, to be henceforth called sahayak.

Q What is there for Cleanliness?

  • ‘Clean my Coach’ service through SMS.
  • Ranking of A1 and A stations based on periodic third party audit and passenger feedback.
  • Waste segregation and recycling centres.
  • ‘Awareness campaigns’ for cleanliness.
  • Additional 30,000 bio-toilets.
  • Providing portable structures with bio-toilets at all platforms of select stations for senior citizens, Divyang and women travellers.

Q What is there for farmers?

  • Encouraging development of cold storage facilities on vacant land near freight terminals. Local farmers and fishermen would be given preferential usage of the facility. A policy in this regard would be issued in the next 3 months.
  • Allowing floriculture/horticulture along tracks.

Q What is there for Industry?

  • Expanding the freight basket by looking beyond core commodities
  • Starting a time-tabled freight container, parcel and special commodity trains on a pilot basis
  • Container sector to be opened to all traffic barring coal and specified mineral ores and part-loads during the non-peak season.
  • Existing terminals/sheds to grant access to container traffic, where feasible
  • Review of tariff policy to evolve a competitive rate structure vis a vis other modes, permit multi-point loading/unloading and apply differentiated tariffs to increase utilization of alternate routes
  • Signing long term tariff contracts with key freight customers using pre-determined price escalation principles
  • To develop Rail side logistic parks and warehousing in PPP mode
  • 10 goods sheds to be developed by Transport Logistics Company of India (TRANSLOC) in 2016-17.
  • Inaugurating soon India’s first rail auto hub in Chennai to capture automobile traffic.
  • Exploring feasibility of opening up leasing of general purpose wagons.
  • Appointing Key Customer Managers to liaison with our major freight stakeholders.

Q. What are the measures for environment and energy conservation?

  • To reduce energy consumption in non-traction area by 10% to 15%; all new light provisions will be LED luminaire only
  • More than 2,000 locations provided with Rain Water Harvesting (RWH) facility; RWH systems will be provided in a phased manner in all establishments having rooftop areas of more than 200 square metres
  • Environmentally friendly composite sleepers made up of recycled plastic waste will be used over all girder bridges
  • Tender documents for 50 MW solar plants at rooftop issued and facility for another 100 MW being set up
  • To commission 132.5 MW of windmill power plants in 2016-17
  • Automatic coach washing plants to be commissioned in major coaching depots with a holding of more than 500 coaches
  • To convert all production units as well as at least one workshop in each Zonal Railway as green industrial unit

Q. Are there any measures in the budget for Staff Welfare?

  • To tie up with the Ministry of Health for ensuring an exchange between Railways hospitals and Government hospitals.
  • Introduce ‘AYUSH’ systems in 5 Railway hospitals.
  • All gang men to be provided devices called ‘Rakshak’ which will intimate them about approaching trains.
  • To reduce weight of the tools carried by gangmen while patrolling
  • Provide toilets and air-conditioning in cabs for loco pilots.
  • One C T Venugopal chair on Strategic Finance, research and policy development
  • One Kalpana Chawla chair on geo-spatial technology for IR.
  • Rail University at Vadodara
  • Skill development on IR premises with Ministry of Skill Development
  • Railway Workshops and Production Units to develop ‘Centres of Excellence for Skill Development’, focussing on one/two specialized activities for the general public
  • Join hands with prominent NGOs to provide skilling to people in remote areas including wards of Railways employees.

Q. Are there any passenger friendly initiatives to cater to special needs, including Senior Citizens, Divyang (differently-abled) etc?

  • Expansion of Sarathi Seva to help old and disabled passengers requiring assistance at stations.
  • Strengthen existing services for enabling passengers to book battery operated cars, porter services, pick up and drop, and wheel chair services – Rail Mitra Sewa.
  • Ensuring all stations under redevelopment are accessible by Divyang
  • At least one Divyang friendly toilet at each platform in A1 class stations in 2016-17.

Q Are there any measures for the business traveller?

  • For passengers transiting railway network for freshening up before moving on with their business for the day, hourly booking of retiring rooms to be allowed instead of the existing minimum of 12 hours.
  • Retiring rooms to be handed over to IRCTC for management.

Q What is there for Suburban systems?

  • Mumbai Urban Transport Project (MUTP) III to be taken forward.
  • Financial closure and an early award of tenders for two elevated suburban corridors between Churchgate-Virar and CSTM-Panvel
  • Raise all low level platforms in Mumbai suburban stations in 2016-17
  • Issues related to East West Corridor of Kolkata Metro resolved and Phase I will be completed by June 2018; working on the possibility of extending the East West Corridor by 5 km.
  • Reviving the Ring Railway system in Delhi in partnership with the State Government.
  • Major programme to build an integrated suburban ecosystem of IR by launching a new investment framework with sharing of equity contribution with the State Governments and ensuring cost neutrality on operations; detailed policy in 4 months.
  • Partnership with State Governments of Gujarat, Telengana, Karnataka, Kerala and Tamil Nadu for developing suburban sections in Ahmedabad, Hyderabad, Bengaluru, Thiruvananthapuram and Chennai, respectively by deploying innovative financing mechanisms.

Q Are there any measures for Women?

  • To make available of children’s menu items on trains.
  • Baby foods, hot milk and hot water to be made available on stations
  • Changing boards for babies would be provided in train toilets.
  • CCTV cameras would continue to be installed in coaches
  • Sub-quota in allotment of stalls
  • Encouragement to self-help groups to supply food on trains

Q. Are there any measures for youth?

  • Open up IR to 100 students across Engineering and MBA schools for 2-6 months’ internships each year.
  • Wi-Fi at 400 stations in next two years
  • ₹ 50 crore earmarked for Innovation Fund for encouraging innovations and start-ups.

Q. Are there any measures for journalists?

  • E-booking of tickets on the concessional passes available to them

Q What is there for the North East & J&K?

  • States of Mizoram and Manipur will come on the Broad Gauge map of the country with commissioning of the Kathakal-Bhairabi and Arunachal-Jiribam Gauge Conversion projects.
  • Decongestion work on the Jalandhar- Jammu line, an important link to the valley, is going on in full swing. Doubling of two bridges will be commissioned by March 2016, while the other two bridges will be completed by 2016-17.

Q What are the provisions for Technology?

  • Integrating various facilities into two mobile apps - one dealing with all ticketing issues and the other for receipt and redressal of complaints and suggestions.
  • Physical progress on DFC to be monitored in 2016-17 using latest drone and Geo Spatial based satellite technology
  • Initiated system wide integration of IT programs/systems, both horizontal and vertical, akin to an ERP through innovative partnership models.
  • Process leading to award of tenders electronically to be rolled out on a Pan-India basis in 2016-17.

Q Is there anything related to innovation and startups?

  • Setting aside a sum of ₹ 50 crore for innovation grants to employees, startups and growth oriented small businesses
  • Innovation labs to be set up in workshops and production units to support creative innovation by locals and staff.
  • Annual innovation challenge
  • To develop a Test Track for testing prototypes.

Q What is there for State Governments?

  • Creation of Joint Ventures with State Governments for undertaking rail based projects. Received in principle approval from 17 states, out of which 6 MOUs have already been signed.
  • 44 new line, gauge conversion and doubling projects proposed in partnership mode

Q How are resources proposed to be mobilized?

  • LIC has agreed to invest ₹ 1.5 lakh crore over five years on extremely favourable terms.
  • Looking forward to setting up a Fund with multilateral assistance for financing railway projects.
  • Non fare revenues
  • Station redevelopment will help monetize land and buildings through commercial exploitation of vacant land and space rights over station buildings.
  • Monetizing land along tracks
  • Monetizing soft assets such as data, software and some of the free services such as PNR enquiry, e-commerce activities on IRCTC website.
  • Target to increase the advertising revenues by more than 4 times the current revenues.
  • To liberalize the current parcel policies including opening the sector to container train operators
  • Expanding our service offerings specially to growing sectors such as e-commerce.
  • Pilot project for online booking of parcels.
  • Revenues from manufacturing activity of production units and workshops for domestic and international market; revenue targeted at ₹ 4,000 crore by 2020.

Q Make in India

  • After agreement for setting up two loco factories in India with an order book of about ₹ 40,000 crore, a similar bid process started for train sets for Rajdhani and Shatabdi services; current procurement to be increased by 30%.
  • Production units and workshops to aim at generating annualised revenues of about ₹ 4,000 crore by 2020 through manufacturing products for domestic and international markets.

Q Is there anything special for the passenger services?

For the unreserved passenger

  • Antyodaya Express, a long-distance, fully unreserved, superfast train service, to be operated on dense routes.
  • Addition of two to four Deen Dayalu coaches in some long distance trains with facility for potable drinking water and a higher number of mobile charging points.
  • For the reserved passenger
  • Humsafar would be fully air-conditioned third AC service with an optional service for meals.
  • Tejas will showcase the future of train travel in India. Operating at speeds of 130 kmph and above, it will offer onboard entertainment, local cuisine, Wi-Fi, etc.
  • Overnight double-decker, Utkrisht Double-Decker Air-conditioned Yatri (UDAY) Express on the busiest routes.
  • Modern coaches
  • Designing coaches to ensure higher carrying capacity and automatic doors, bar-code readers, bio-vacuum toilets, water-level indicators, accessible dustbins, ergonomic seating, improved aesthetics, vending machines, entertainment screens, LED lit boards for advertising, PA system.

Q Have any social initiatives been announced?

  • IRCTC has begun the process of empanelling Self-help groups for providing catering/cooking services.
  • Partnering with NABARD to provide support and access to our IRCTC website to ensure extensive e- marketing for products produced by the Self-help groups.
  • Partnered with Khadi and Village Industries Commission to support creation of employment and self-reliance in rural India resulting in the generation of 17 lakh man days; will continue to partner with them
  • Will encourage sourcing of products from SC/ST entrepreneurs.

Q Are there any measures related to tourism?

  • Partner with the State Governments for operating tourist circuit trains and explore the possibility of a revenue sharing model.
  • Recently upgraded our National Rail Museum; promotion of tourism through Railway museums and UNESCO world heritage Railways
  • To spread awareness about our National Animal, the Tiger, we will offer complete packages including train journey, safaris and accommodation to cover the wildlife circuit comprising Kanha, Pench and Bandhavgarh.

Topics

Acts Income Tax