Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies
    Judiciary proactively responded to emerging fraudulent schemes like digital arrest: CJI
    After HC rap, FDA withdraws licence cancellation and suspension orders against Cipla, MCA eateries
    HC slams FDA for ‘pedantic’ view, clears reopening of 5 eateries at MCA premises
    Commerce Secretary Shri Rajesh Agrawal Leads 4th India–Argentina JTC Meeting; Both Sides Reaffirm Commitment to Deepen Strategic and Economic Partne...
    MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services
    DRI seizes 76 kg methamphetamine tablets in two operations along North-Eastern frontier
    Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
    CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
    Good corporate governance central to India's development: Jitendra Singh
    DHFL case: ED freezes bank deposits worth Rs 51.75 crore
    Comprehensive set of reforms undertaken to simplify defence export SOP: MoD
    Jio Platforms gets Sebi nod for $3.8-bn IPO, set to be India's biggest
    Gold declines for 3rd day, prices tumble Rs 3,300 as US dollar gains strength
    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
    Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
    Jio Platforms gets Sebi nod to launch IPO
    PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
    Bajaj Finance Personal Loan Offers Flexible Repayment Options with Loan Utsav 2026 Benefits
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 30, 2026
Show AI Summary
Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.
August 30, 2026
Show AI Summary
Digital arrest fraud: judicial responses seek a distinct offence while preserving due process and proportionality in economic-crime enforcement.
Suo motu consideration of digital-arrest fraud reflects a proactive judicial response to video-call scams involving impersonation of police, judicial officials or bureaucrats. The Union and the States have been directed to assess the problem, with a call for a distinct offence carrying proportionate penalties. Economic-crime enforcement remains subject to safeguards requiring written grounds of arrest and preventing pre-trial detention from becoming punishment. Due process, proportionality and the presumption of innocence remain central constraints.
August 29, 2026
Show AI Summary
Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
Show AI Summary
Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
Show AI Summary
Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
Show AI Summary
Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
Show AI Summary
Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
Show AI Summary
IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
Show AI Summary
Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
Show AI Summary
Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
Show AI Summary
Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
Show AI Summary
Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
Show AI Summary
Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
Show AI Summary
IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
Show AI Summary
Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
Show AI Summary
Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
Show AI Summary
Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
Show AI Summary
IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
Show AI Summary
Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

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

March 3, 2016

Contents
Summary
Note

Note

-

Bookmark

Print

Print

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