Just a moment...

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 characters0/2000
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.
RelevanceDefaultDate
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
❯❯
MaximizeMaximizeMaximize
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 SummariesHide All Summaries
    July 31, 2026
    Show AI Summary
    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
    Show AI Summary
    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
    Show AI Summary
    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
    Show AI Summary
    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
    Show AI Summary
    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
    Show AI Summary
    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
    Show AI Summary
    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
    Show AI Summary
    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
    Show AI Summary
    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
    Show AI Summary
    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
    Show AI Summary
    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
    Show AI Summary
    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
    Show AI Summary
    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
    Show AI Summary
    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
    Show AI Summary
    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      Railways Revenue Earnings Up by 19.23 Per Cent During April – November 2012

      January 1, 2013

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Press Information Bureau

      Government of India

      Ministry of Railways

      31-December-2012 20:58 IST

      Year-end Review- 2012

      RAILWAYS REVENUE EARNINGS UP BY 19.23 PER CENT DURING APRIL – N0VEMBER 2012

      CARRYING ID PROOF IS NOW COMPULSORY DURING JOURNEY IN TRAINS IN ANY RESERVED CLASSES

      RAILWAYS INFRASTRUCTURE PROJECTS ON FAST TRACK

      DEVELOPMENT OF RAIL CORRIDORS IN CHHATISGARH

      FORMAL MOU FOR SETTING UP RAILWAY STATIONS DEVELOPMENT CORPORATION SIGNED

      TWO MOUs SIGNED WITH MINISTRY OF STEEL

      TRAIN COLLISION AVOIDANCE SYSTEM TRIAL BEGINS

      FOG RELATED INFORMATION THROUGH WEBSITE

      BIDDING PROCESS FOR MUMBAI ELEVATED RAIL CORRIDOR (ERC) PROJECT SET IN MOTION

      RULES FRAMED FOR ENSURING CLEANLINESS & HYGIENE IN RAILWAY PREMISES- VIOLATORS TO PAY FINE UPTO RS. 500/-

      POLICY ANNOUNCED FOR RAIL-CONNECTIVITY AND CAPACITY AUGMENTATION PROJECTS

      BANIHAL-QAZIGUND SECTION COMPLETED AND TRIAL RUNS STARTED

      RAILWAYS AND TOURISM SIGN MOU ON CLEAN INDIA CAMPAIGN

      TRAVEL DISTANCE EXTENDED FROM 100 KMS TO 150 KMS UNDER IZZAT SCHEME

      TWO MORE AC DOUBLE DECKER TRAINS INTRODUCED

      TRAIN RUNNING INFORMATION FACILITY EXPANDED TO COVER ALLTRAINS

      A MULTI PRONGED STRATEGY TO PROVIDE FASTER AND SAFER TRAIN JOURNEYS

      The year 2012 has been significant for the Railways in achieving goals and targets with regard to the following:

      RAILWAYS INFRASTRUCTURE PROJECTS ON FAST TRACK

      The year 2012 saw a big push for the key infrastructure projects of Railways.  After a review meeting on infrastructure held by the Prime Minister in the last week of November 2012, deadline has been set for such important infrastructure projects like the elevated rail corridor in Mumbai, setting up of locomotive factories on public private partnership, rail tariff authority and Dedicated Freight Corridors. A time bound action plan has since been initiated by the Railway Ministry on these issues.

      GROWTH IN REVENUE GENERATION

      The total approximate earnings of Indian Railways on originating basis during 1st April to 30th November 2012 were Rs.78868.17 crore compared to Rs. 66150.48 crore during the same period last year, registering an increase of 19.23 per cent. The total goods earnings have gone up from Rs. 43891.25 crore during 1st April – 30th November 2011 to Rs. 54487.10 crore during 1st April – 30th November 2012, registering an increase of 24.14 per cent. The total passenger revenue earnings during 1st April – 30th November 2012 were Rs. 20423.31 crore compared to Rs. 18742.83 crore during the same period last year, registering an increase of 8.97 per cent.

      In the calendar year 2012, Indian Railways has achieved scrap sale of Rs. 3903.84 crore till Nov. 2012. For the corresponding period in 2011 sale achieved by Railway was 3748.68 crore.

      The total approximate numbers of passengers booked during 1st April – 30th November 2012 were 5700.57 million compared to 5517.86 million during the same period last year, showing an increase of 3.31 per cent.

      Indian Railways have carried 647.11 million tonnes of revenue earning freight traffic during April-November 2012. The freight carried shows an increase of 29.06 million tonnes over the freight traffic of 618.05 million tonnes actually carried during the corresponding period last year, registering an increase of 4.70 per cent. 

      FORMAL MOU FOR SETTING UP RAILWAY STATIONS DEVELOPMENT CORPORATION SIGNED

      In a path breaking initiative taken by the Ministry of Railways, a formal Memorandum of Understanding (MoU) was signed in February 2012 for setting up a Special Purpose Vehicle (SPV) namely “Indian Railway Stations Development Corporation Limited” (IRSDL) to take up work of redevelopment of railway stations along with station maintenance across India in a dedicated manner as a part of the continuous process of augmenting and improving amenities at the railway stations. The MoU was signed between the two agencies of the Ministry of Railways, namely Ircon International Limited (IRCON) and Rail Land Development Authority (RLDA) for formation of this new SPV. Under new SPV, it is proposed to provide the identified stations with well-designed concourses, high quality waiting spaces, easy access to the platforms, congestion free platforms, modern ‘State of the art’ Catering facilities, Hotels and other facilities. The redeveloped stations would have provision for convenient entry; inter platform transfer and easy access to all the facilities for the physically disabled persons and senior citizens. The stations would also be provided with waste disposal facilities to improve hygiene and cleanliness.

      After conducting preliminary studies & holding consultations with zonal railways, five stations, Bijwasan (Delhi) Habibganj (Bhopal), Anand Vihar (Delhi), Chandigarh, Shivaji Nagar (Pune), have been identified for implementation through IRSDC in the first phase.

      CARRYING ID PROOF MADE COMPULSORY DURING TRAIN JOURNEYS IN ANY RESERVED CLASS

      As a major initiative to further facilitate the travel of bonafide and legitimate passengers and to reduce the scope for misuse of reserved ticketing system by unscrupulous elements/middlemen, the Ministry of Railways has now made it compulsory to carry prescribed original proof of identity cards during train travel on all reserved classes of tickets.  Those travelling without an original identify proof shall be treated as without ticket and charged accordingly. This new change of policy is aimed at facilitating the travel of bonafide and genuine passengers and simultaneously checking the scope for travel on transferred tickets.  It is also considered that this policy provision shall also be useful from the security point of view.  

      SIGNING TWO MOUs WITH MINISTRY OF STEEL

      Indian Railways signed this year two MoUs signifying new innovative financial funding for development of infrastructure projects in the country. Railways signed an Memorandum of Understanding (MoU) with NMDC Ltd., a navratan Pubic Undertaking Sector under the administrative control of the Ministry of Steel for doubling the 150 kms Laddalpur-Kirandul section of the Kottavalsa – Kirindul line of the east cost Railway to augment the evacuation capacity of NMDC to meet the increased demand for iron ore of the Indian steel industry.

      Indian Railways also signed an MoU with another PSU of Ministry of Steel namely, RINL, for setting up a forged wheel factory at Rae Barely in Uttar Pradesh. This factory, the biggest such plant in India will manufacture one lakh wheels every year.

      MUMBAI ELEVATED RAILCORIDOR (ERC) PROJECT

       Mumbai has one of the most crowded and overloaded suburban systems in the world. Concerned about the capacity constraint on the Corridor, Ministry of Railways has decided to augment the system capacity and has accordingly envisioned a two track elevated Corridor along Churchgate-Virra section.  This new Elevated Rail Corridor (ERC) will bebetween Oval Maidan and Virar of Western Railway in Mumbai area.  The indicative cost of 63.27 km-long ERC project is approximately Rs. 21,000 crore. Under this corridor, 26 stations are proposed, out of which 5 stations would be underground, 19 elevated and 2 at grade.

      ERC is proposed to be built through Public-Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis.  The bidding process for selection of a private entity as the bidder to whom the Project may be awarded has been set in motion with first prebid conference being held in November 2012.  

       Moreover, the Ministry of Railways continued talks with Government of Maharashtra for signing state support agreement, which is crucial for the success of the project.

      POLICY FOR RAIL-CONNECTIVITY AND CAPACITY AUGMENTATION PROJECTS

      In a major policy initiative to attract private capital for accelerated construction of fixed Rail infrastructure, Ministry of Railways has formulated an investor-friendly policy framework for private participation in rail connectivity and capacity augmentation projects.
      The policy contains five models, namely, Non-Government Railway, Joint Venture with equity participation by Railways, capacity augmentation through funding by customers, BOT and BOT annuity. The latter two (BOT and BOT annuity) will follow the existing appraisal and approval procedure laid down by Ministry of Finance through PPP-AC route.

      Model agreements will be prepared for all these models. First-mile and last-mile and inter-connecting lines for the entire freight commodity basket would be covered under the policy. The policy would provide much-needed impetus to building of critical missing in railway network and evacuation from ports, mines, big industrial units and plants.
      This will give a boost to industrial development of the country and significantly enhance freight traffic of railways. 

      BANIHAL-QAZIGUND SECTION COMPLETED AND TRIAL RUNS STARTED

      The Indian Railway has achieved one more milestone in transportation sector with the completion of Banihal-Qazigund section of ambitious and challenging Udhampur-Baramullah-Srinagar Rail link Project. Trials by running trains have started in the section by Railways with the arrival of first Track Tamping machine at Banihal on 24th December 2012 from Qazigund. All the major works have been completed and finishing touch is being given. This section will be ready for opening shortly The 17.729 km long section consists of only one tunnel of 11.215 km length known as Pir Panjal Tunnel, which is  the longest transportation tunnel in India and second longest in Asia. This tunnel was big engineering marvel and breakthrough accomplished by IRCON International Ltd., a PSU under the Ministry of Railways which is executing the Dharam-Qazigund-Baramullah section of this challenging J&K rail project.

      Opening of Banihal-Qazigund railway section will be a turning point not only in the history of Jammu & Kashmir State only, but for the Indian history.  A lot of problems are being faced by passengers travelling between Banihal and Qazigund due to closure of Jawahar Tunnel in winter season owing to heavy snow fall. All these problems will be reduced to a large extent by running of train services between Banihal-Qazigund.  Moreover the distance between Banihal and Qazigund will also be reduced from 35 Km road length to 17.729 Kms railway line. It will be a cheaper, faster and dependable mode of transport.

      ADARSH STATION & MFCs

      The scheme of Adarsh stations has been introduced from the year 2009.  Adarsh Stations are provided with basic facilities such as drinking water, adequate toilets, catering services, waiting rooms and dormitories especially for lady passengers, better signage, etc.  A total of 976 stations have been identified as Adarsh Stations  and against which 616 stations have been developed so far.

      Work at 69 stations has been completed during 2012-13 so far.  Work at another 229 stations is targeted for completion in 2012-13.

      A new concept of development of Multi-Functional Complexes (MFCs) with budget hotels was introduced to provide rail users facilities like food  plaza, ATM, Variety Store, Books & Chemist shops, Parking etc.  So far, a total of 196 stations have been identified for MFCs.   Construction of 37 MFC buildings has been completed.

      DEDICATED FREIGHT CORRIDORS

      Indian Railways’ ambitious project of ‘Dedicated Freight Corridor’ (DFC) continued its implementation momentum during this year.  There has been progress on both the corridors namely 1499 km long Western DFC from Jawahar Lal Nehru Port (JNPT) in Mumbai to Dadri/Tughlakabad (Near Delhi) and 1839 km long Eastern DFC from Ludhiana (Punjab) to Dankuni (Near Kolkata).  Land acquisition is progressing well and as on November.2012, out of total land of 10703 hectares to be acquired for both corridors, 7768 hectares i.e. 73% has been acquired.   Initial funding agreements for Western DFC through JICA and part of Eastern DFC (Ludhiana-Khurja-Kanpur-Mughalsarai) through World Bank have already been formalized while remaining Dankuni-Sonnagar section of Eastern DFC is proposed to be implemented through PPP and Mughalsarai-Sonnagar section of Eastern DFC in being implemented through own resources of the Ministry of Railways.

       In case of Eastern DFC, tender for Civil Works for Khurja-Kanpur section has been opened and is shortly going to be awarded.  66 Km Durgawati-Karwandia section of this corridor is targeted for commissioning in December 2013. Construction work of formation, bridges and laying of track is in progress.

      In case of Western DFC, pre-qualification for Civil Contract for 625 km, Rewari – Palanpur section of phase 1 has been completed.  Construction work of 54 major and important bridges in Vaiterna-Bharuch section of this corridor  is in progress and 5 major bridges have been completed.

      MOU ON CLEAN INDIA CAMPAIGN

      A Memorandum of Understanding (MOU) on ‘Campaign Clean India’ was signed between the Ministry of Tourism and the Ministry of Railways. Under the MOU, the two Ministries will work together towards a sustained sensitization campaign to train travelers and service providers under the Capacity Building for Service Providers scheme of Ministry of Tourism and for consultations and discussions with the stake holders including the travel trade to evolve strategies for the up-keep and cleanliness of the stations and coaches.  The Ministry of Railways will encourage the Hotels and Travel Trade Associations, the Companies and the Corporate Houses to adopt Railway Stations in furtherance of Campaign Clean India. The Minister of Tourism will undertake branding of long distance trains running on important routes in different of the country, whereby one side would depict important tourism sites of the country and the other side would carry Campaign Clean India message on mutually agreed routes and terms.

      NEW PRODUCTION UNITS

      Indian Railways commissioned the Diesel Component Factory at Dankuni on 28th May 2012. The factory was inaugurated by flagging of the first engine block manufactured from Dankuni. Rail Coach Factory at Rae Bareli commenced its manufacturing activities. This factory is manufacturing superior LHB type coaches which will help Indian Railways to mitigate coach shortage. It has manufactured 51 coaches up to November 2012 by sourcing shells from Rail Coach Factory, Kapurthala. The foundation stone was laid on 21st February 2012 for the construction of the state-of-the-art Coach Factory  at  Palakkad in Kerala.

      The foundation stone for the commencement of work for the Ancillary Unit of CLW has been laid on 28th May, 2012.

      A Diesel Multiple Unit (DMU) is being commissioned at Haldia. In the first phase the plant will produce one rake (of 8 coaches) every month, while in the second phase, the infrastructure of this Plant of Haldia will be augmented through Public-Private Partnership (PPP) mode to roll out 50 rakes of DMU annually.

      Rail Wheel Plant of Bela (near Patna) has started casting wheels successfully.

      AIR CONDITIONED DOUBLE DECKER

      Indigenously designed, developed and manufactured Air conditioned double decker train was introduced for the first time between Howrah and Dhanbad. Now this year, an improved design of such train has been developed and its services between Jaipur and Delhi and Ahemdabad and Mumbai have been introduced. Such services are also planned between Habibganj-Indore and Chennai-Bangalore in near future. AC double decker train with improved passenger friendly design is having capacity of 120 passengers per coach and are becoming popular among passengers.

      EFFORTS OF RAILWAYS ON ENERGY CONSERVATION, ALTERNATE ENERGY SOURCES AND GREEN ENERGY

      Indian Railways continued its efforts on energy conservation, on exploring alternate energy sources and on adopting green energy initiatives.  Indian Railways has started use of energy efficient new generation electric locomotives and Electrical Multiple Units (EMUs) with 3 phase regenerative braking features, head on generation systems for eliminating use of DG sets in trains. Integral Coach Factory (ICF) will be manufacturing 72 AC EMU rakes equipped with three phase propulsion equipment. First batch of two prototype rakes is likely to be manufactured by 31.03.2012.

      To improve efficiency and to explore alternate sources of energy, Indian Railways have already taken a large number of steps & measures which include Solar projects for addition of another 4.69 MWp by providing solar PV modules at 200 stations, 21 administrative buildings and 1000 level crossing gates have been initiated as green energy initiative with assistance from Ministry of New and Renewable Energy.

      So far Indian Railways has harnessed 10.5 MW  of wind energy and about 4.5 MW of solar energy at LC gates, way side Railway stations, street lights, solar water heaters at training institutes/running rooms/hospitals/rest houses/canteens/base kitchens etc. 

      The project of providing of CFL in Railway colonies has been awarded Special Jury award at UIC conference in Venice.  

      HIGHEST EVER 11 NATIONAL CONSERVATION AWARDS FOR RAILWAYS

      Continued efforts and constant persuasion by Railway Board and energy conservation initiatives by Zonal Railways have resulted into bagging highest ever 11 National Energy Conservation Awards by the Indian Railways out of total awards of 87 from 773 applications during 2012, which were awarded by the President of India during National Energy Conservation Day on 14th December 2012.

      ENHANCING SAFETY – TPWS AND TCAS

      Indian Railways continued its thrust on enhancing safety.  Train Protection & Warning System (TPWS) was extended on pilot basis on main line operations on Hazrat Nizamuddin – Agra Section of Northern/North Central Railway (200 Route Kilometres) where work is under progress.  Based upon experience gained from ACD & TPWS systems, Indian Railways has now taken up development of Train Collision Avoidance System (TCAS). TCAS shall be a fusion of functionalities of TPWS & ACD and shall prevent Signal Passing at Danger as well as Collisions. After invitation of Expression of Interest, six Indian firms have been shortlisted. One of the firm has developed the Prototype which underwent field trials in Oct’2012 over South Central Railway.

      SIGNALlNG & TELECOM SYSTEM IMPROVEMENT

      To increase efficiency and enhance safety in train operations, modern signaling system with Route Relay/Panel/ Electronic Interlocking with Multi Aspect Colour Light Signaling (MACLS) has been provided at 252 more stations this year.

      To increase line capacity and reduce headway, Automatic Block Signaling has been provided on 169 Route Kms increasing the total Route Kms with Automatic Block Signaling to 2376 RKM.  

      Mobile Train Radio Communicationsystem for communication among train Driver, Guard, Station Master, Control Office & field maintenance staff during run of the train has been commissioned on 1725 route kilometres and work is in progress in 1000 route kilometres which is expected to be commissioned shortly.

      OPTICAL FIBRE CABLE COMMISSIONED

      During the 2012 calendar year, 2915 Rkm OFC Cable has been commissioned taking total to 42,915 Rkm. and 4500 Rkm Quad cable  has been commissioned taking total to 48100 Rkm.

       All the zonal exchanges and divisional change have been connected on the newly established Next Generation Network (NGN) of Railways.

      V-Sat terminal in 41 Accident Relief Train (ART’s) for data & voice communication have already been installed and the work is underway to cover more ARTs. 

      On-board internet facility in running trains is under trial.

      ELECTRIC LOCOMOTIVE ASSEMBLY AND ANCILLARY UNIT OF CLW AT DANKUNI

      In order to ramp up production of 6000 HP new generation locomotives from a level of 50 in 2009-10 to complete switch over to 3 phase locos, an Electric Loco Assembly and Ancillary Unit of CLW at Dankuni has been envisaged. The construction work at Dankuni Unit entrusted to a Railway PSU Rail Vikas Nigam Ltd. (RVNL)  commenced in October, 2012.  The unit will be recipient of latest Japanese technology 3-Phase 9000 HP electric locomotives under JICA

      Loan.

      5500 HORSE POWER DIESEL LOCOMOTIVE

      Diesel Locomotive Works/Varanasi in association with Research Design and Standard Organisation (RDSO), Lucknow has designed a 5500 HP Diesel locomotive fort freight services with state-of-the-art technology. This locomotive is capable of delivering 1000 HP more power vis-à-vis the current High Horse Power Diesel locomotives. A prototype WDG5 loco has been manufactured and is currently under safety trials. Series production of this type of locomotives has been planned and will commence after completion of the ongoing validation process.

      PASSENGER AMENITIES - IMPROVED TICKETING SYSTEM

      Passenger Reservation System (PRS) facility has been made available at around 2987 locations by year-end by adding around 160 new locations during the year. Under the Mushkil Aasaan scheme (Mobile ticketing vans), four Mobile ticketing vans were functioning before the commencement of the year i.e. one each at Delhi, Kolkata, Vapi and Jaipur, one more such van has been introduced at Anand from June 2012. Further locations are being finalized for the introduction of such  vans.

      Unreserved Ticketing System (UTS) facility has been extended to approximately 460 new locations/stations during the year, increasing the total number of locations with UTS facility to 5551.

      Automatic Ticket Vending Machines (ATVMs) have been introduced in suburban tickets and platform tickets. About 250 ATVMs were commissioned during the year taking the total tally of installed ATVMs to 808 on Indian Railways.

      It has been decided to set up AC Executive lounges at important stations to provide value added services at a charge, offering facilities such as wi-fi internet, buffet services, wash and change concierge services for pre-departure and post-arrival assistance to passengers.

      BOOKING TICKET THROUGH MOBILE PHONE

      To bring further convenience to the rail users, Indian Railways through Indian Railway Catering & Tourism Corporation (IRCTC), a Public Sector Undertaking under the Ministry of Railway, is offering the service of booking e-ticket over the mobile phone. After initial registration and downloading of suitable software on the mobile handset with internet facility, it is quite easy for the mobile users to book a reserve ticket through their own mobile. After booking, the passenger l receives a reservation message with full details of the ticket including PNR, Train No, date of journey, class etc. This virtual message is treated at par with the print-out of the e-ticket.

      INTRODUCTION OF BIO-TOILETS

      With a commitment to provide hygienic environment to its passengers and staff, Indian Railways, along with Defence Research & Development Organization (DRDO) have developed Environment Friendly Bio-toilets for its passenger coaches. In these bio-toilets, the human waste is treated by bacteria, which is benign to the humans.  This bacteria converts human waste into water and gases (methane and CO2). The gases escape to atmosphere and treated waste water is discharged after chlorination. Human waste thus does not fall on the tracks.

      Eight trains are running with 436 bio-toilets and in the year 2012-13, 2500 more bio-toilets are planned to be introduced. A complete switch-over to bio-toilets in new coaches has been planned by 2016-17 and the Indian Railway has targeted elimination of direct discharge passenger coach toilet systems by the end of the Thirteenth Five Year Plan i.e., 2021-22.

       TRAVEL DISTANCE EXTENDED FROM 100 KMS TO 150 KMS UNDER IZZAT SCHEME

      The travel distance from l00 kilometres has been extended to 150 kilometres under IZZAT scheme. There is no change in other terms and conditions. This extension of travel distance from 100 kms to 150 kms is admissible on IZZAT Monthly Season Tickets (MST) purchased on and after June 1, 2012. 

       IZZAT is a scheme of uniformly priced MST of Rs. 25/- inclusive of all surcharges issued up to distance of 100 Kms to persons working in unorganised sector with monthly income not exceeding Rs. 1500/-.  This distance has now been increased from 100 km to 150 km.

      COMPLIMENTARY RAILWAY CARD PASS FACILITY/CONCESSION EXTENDED

      Continuing with its social measures, Indian Railways has decided that the civilianrecipients of gallantry awards of Chakra series (namely Param Vir Chakra, Maha Vir Chakra, Vir Chakra, Ashok Chakra, Kirti Chakra and Shaurya Chakra) will also be provided 1st /2nd Class AC Complimentary Card passes on the lines as admissible to Defence awardees.  The procedure and other conditions for issue of such Card Passes to civilian Chakra awardees remain the same as applicable to Defence awardees.

       Complimentary Card Passes issued to sportspersons who are Arjuna Awardees have  now been made valid for travel in 1st Class/2nd AC in Rajdhani trains and Chair Car (CC) in Shatabdi trains besides being valid for travel in 1st Class/2nd AC in other mail/express trains (except Duronto trains) over All Indian Railways (except Metro Railway/Kolkata) as per the existing provision.

      Concession is also given in train fares to patients suffering' from Sickle Cell Anaemia/Aplastic Anaemia, when travelling for treatment/periodical check-up to the Government recognized hospitals, and return after treatment/periodical check-up. The element of concession will be 50 per cent in the basic fares of Sleeper, AC Chair Car, AC 3-tier and AC 2-tier classes.

      IMPROVEMENT IN CATERING SERVICES

      Supervision and monitoring of catering services both in trains and at stations has been strengthened, as a result of this the number of complaint cases has reduced by 4.82 % (approx.) during the Calendar Year (up to October, 2012) as compared to the corresponding period of last year. About 26860 inspections have been carried out during January, 2012 to October, 20 12 by Zonal Railways for ensuring quality in catering. In order to make catering services effective, a Standard Bid Documents (SBDs) have been prepared for award of tenders for various catering services over Indian Railways.

      MODERN METHODS FOR CLEANING COACHES, RUNNING TRAINS & STATIONS

      Indian Railways continued to strengthen its modern methodologies for cleaning which included intensive mechanized cleaning of coaches in the coaching depots, On-board Housekeeping Scheme (OBHS) for running trains and mechanized cleaning under Clean Train Station scheme.  In addition, fifty locations have been identified to set up Mechanized laundries for improving the quality of washing of bed rolls.

      TRAIN RUNNING INFORMATION FACILITY EXPANDED TO COVER ALL TRAINS

      To provide accurate train running information to the public, the Indian Railways has expanded the train running information facility. Now the information on the running of all trains is available at www.trainenquiry.com.  Similarly this facility is available through SMS on 139. Earlier, train running information of only selected 36 important trains (Shatabdi, Rajdhani & Duronto) were available at website www.simran.in and through SMS on 9415139139.  

      A MULTI PRONGED STRATEGY FOR FASTER AND SAFER TRAIN JOURNEYS

      Indian Railways is adopting a multi-pronged strategy to provide a safer, faster, cleaner, and comfortable passenger trains.   Firstly, seven corridors have been identified for conducting pre-feasibility studies for running high speed trains (popularly referred as Bullet trains) at speeds above 350 kmph. These corridors will be set up through PPP route. Initially, Mumbai- Ahemdabad corridor has been taken up for which pre-feasibility has been completed. Secondly, a study is also being done on Delhi-Mumbai route with Japanese help to raise the speed of passenger trains from 160 kmph to 200 kmph being referred to as Semi-High Speed. Thirdly, Indian Railways is working on the concept of acquiring Electrical Multiple Units (EMU) Train sets for intercity journeys for operating speed ranging from 130-160 km/hour.  With high pick-up and increased acceleration & deceleration characteristic, these proposed modern distributed powered EMU train sets will provide faster and safer movement and will substantially reduce run time.

      FOG RELATED INFORMATION THROUGH WEBSITE

      In another step to provide relief to passengers who will be hit by fog and affected by train delays, the Centre for Railway Information Systems (CRIS),  of Ministry of  Railways, has launched its mini-site for fog-related information in collaboration with railyatri.in. The website,  can be accessed at http://events.trainenquiry.com/fog.  It will provide information related to fog report on routes over the last 24 hours, current-time list of trains affected by fog, cancellations and diversions and trains rescheduled from origin. All four sets of information will inform people about the delay in trains due to fog in a bid to let them plan their journey better.  The website will be updated every 2 to 10 minutes so that the passengers can get the latest information on the status of their trains. Northern Railway has started a new Enquiry No. 011-23747110 for train status. Moreover, five digit train number can also be sent on mobile number 9717631813 through SMS to get latest status. This is in addition to 139 Enquity Number.

      RULES FRAMED FOR ENSURING CLEANLINESS & HYGIENE IN

      RAILWAY PREMISES – VIOLATERS TO PAY FINE UPTO RS. 500/-

      The Ministry of Railways has issued a notification containing rules on prohibition of activities affecting cleanliness and hygiene in the Railway premises alongwith penalties for contravention of these rules.

       Under these notified rules, no person shall (i) throw or deposit litter in any occupied or unoccupied Railway premises or the carriage except in authorised places; (ii) cook, bathe, spit, urinate, defecate, feed animal or birds, repair or wash vehicles, washing utensils or clothes or any other objects or keep any type of storage in any Railway premises except in such facilities or conveniences specifically provided for any of these purposes; (iii) paste or put up any poster or write or draw anything or matter in any compartment or carriage of the Railways or any premises thereof, without any lawful authority; (iv) indulge in defacing Railway property.

      Authorised Vendors/hawkers will make necessary arrangement to keep the container or waste basket for collecting litter and proper disposal of its contents.

      Whosoever contravenes any of the provisions of these rules or fails to comply with such provisions shall be punished with a fine which shall not exceed five hundred rupees.

      POLICIES TO FACILITATE PRIVATE INVESTMENT IN TERMINALS AND RAKES

      (1) Liberalized Wagon Investment Scheme (LWIS)  :  LWIS allows investment by End users (viz. producers, manufacturers and consumers of goods) in Special Purpose Wagons (SPW) and High Capacity Wagons (HCW).  The policy was issued on 15.04.2008. 

      With a view to make the scheme more liberal and customer-friendly, the Liberalized Wagon Investment Scheme (LWIS) has been reviewed and policy guidelines on Revised Liberalized Wagon Investment Scheme (LWIS) have been issued on 02.01.2012.

      So far, approval for procurement of 52 rakes by 10 firms, having an approximate value of 1218 crores has been accorded to various customers by Ministry of Railways.  Out of which, 14 rakes have been procured/ inducted and are running on the system. 

      (2)  Wagon Leasing Scheme (WLS)  :  This Scheme has been launched to introduce the concept of leasing of railway wagons on IR. The scheme aims at induction of rakes through PPP route with the private sector for High Capacity Wagons and Special Purpose Wagons and wagons for container movement.  WLS can lease wagons to Automobile Freight Train Operators, Liberalized Wagon Investment Scheme, Special Freight Train Operators and Container Train Operators. The policy has been issued on 15.04.2008. M/s. GATX and have been registered as Wagon Leasing Company under the policy on 18.05.2012 and  M/s Touax Texmaco Railcar Leasing Pvt.  registered on 20.09.12 under the policy.

      (3)  Automobile Freight Train Operator Scheme (AFTO)  :  To increase Indian Raiwlays’ market share in transportation of automobile i.e. two/three-wheelers, cars and tractors etc. by inviting private participation, a new scheme namely Automobile Freight Train Operator Scheme AFTO has been issued on  19.07.2010.  The policy is however, under modification with a view to make it further investor friendly.

      M/s Maruti Suzuki and M/s APL Logistics Vascor Automotive Ltd. have applied to participate under the scheme this year.

      (4)  Special Freight Train Operator Scheme (SFTO) :  To increase Rail share in the commodities like fertilizers, molasses, edible oil, caustic soda, chemicals, petrochemicals, alumina, bulk cement and fly ash etc.,  a new scheme namely Special Freight Train Operator Scheme (SFTO) has been launched , to attract private investment in special purpose wagons required for transportation of these commodities. Policy has been issued on 31.05.2010.

      Approval has been given this year to M/s Fourcee for procurement of 3 rakes (tank wagons) for Caustic Soda. These rakes will run on East Coast Railway. Policy is under mo0dification to make it further attractive for investors.

      (5) Private Freight Terminals (PFT)  :  To facilitate rapid development of a network of freight terminals with private investment to provide efficient and cost effective logistics services with warehousing solution to end users, a new scheme namely Private Freight Terminal (PFT) has been launched. Policy has been issued on 31.05.2010 which was modified and revised this year to attract more investment..

      So far 32 proposals have been received, out of which PFTs at Timmapur (SCR), Wardha (CR), Tadali (CR), Somathane (CR), Pali (NWR) and KRIBHCO Siding Hazira (WR) have been notified. In principle approval has been given to 14 PFTs by zonal railways.

      FREIGHT INCENTIVE SCHEMES

      A slew of freight incentive schemes have been introduced with the objective of generating additional traffic volume and additional revenue for the Railways. These schemes which are in operation since 2006, have since been meaningfully moderated and suitably modified based on experience gained in the interregnum These schemes have been re-introduced as “The Freight Incentive Schemes and Transportation Products 2009” .  The schemes have been giving better yield to Railways.

      FREIGHT OPERATION INFORMATION SYSTEM

      Freight Operation Information System (FOIS) is being extended to cover the 235 weighbridge locations on Indian Railways. 95 such weighbridge locations were commissioned during the year increasing the number of such locations commissioned to 135.  The e-payment facility was further extended to more customers and the percentage of freight collected through this channel increased to 74.6% from 40% at the end of the previous year.          

      Improvement in freight loading performance was achieved with intensive monitoring of freight terminals through FOIS for effective reduction in wagon detention.

      FREIGHT MAINTENANCE MANAGER (FMM) COMMISSIONED

      Wagon maintenance application called Freight Maintenance Manager (FMM) whichentails maintenance of historical data for wagons and their critical components and the availability of spare parts at various workshops was commissioned at Dadri and Dandarikalan in the month of Feb. & March 2012 respectively.  Moreover, the pilot project for Locoshed Management System (LMS) for management of diesel sheds has been commissioned at Tughlakabad and Lucknow sheds.

       UPGRADING SPEED OF BOXN WAGONS THROUGH IN-HOUSE DESIGN UPGRADATION

      An in-house design of upgraded suspension has been finalized which will be used to convert existing BOXN type wagons to BOXNHAM wagons at a marginal additional cost.  While the existing BOXN  wagon is fit to run at 60 kmph in loaded and 80 kmph in empty condition, the converted BOXNHAM wagon has been cleared to run at 75 kmph with CC+8+2 load and at 100 kmph in empty condition,.  This design promises to revolutionize freight transportation on Indian Railways by bringing about 25% increase in maximum speed of bulk of goods trains.  The first BOXNHAM rake of 59 wagons has been turned out from Jhansi workshop in May, 2012.

      CONTAINER TRAFFIC CHARGES RATIONALISED

      Periodic revision in Haulage charges for movement of containers in privately owned wagons have been carried out and made applicable for implementation in two phases: w.e.f. 01.12.2012 and the other phase w.e.f. 01.02.2013, respectively. Partial modifications in case of Hub & Spoke System too has been carried out for implementation w.e.f. 01.01.2013.

      DEVELOPMENT OF RAIL CORRIDORS IN CHHATISGARH

      Continuing with the Indian Railways and State Government partnership model, a Memorandum of Understanding (MOU) for the development of rail corridors in Chhatisgarh state was signed.  The three rail corridors meant for both passengers and freight would be developed in northern region of Chhatisgarh state, approximately 452 kilometres in total length.. These are:- 1) East Corridor: Bhupdevpur-Gharghoda-Dharamjaygarh up to Korba with spur from Gharghoda to Donga Mauha to connect mines of Gare-Pelma block, approximately 180 kilometres in length, 2) North Corridor: Surajpur-Parsa-Katghora-Korba, approximately 150 kilometres in length and 3) East-West Corridor: Gevra Raod to Pendra Road via Dipka, Katghora, Sindurgarh, approximately 122 kilometres in length. These corridors will be implemented through specific Special Purpose Vehicles (SPVs).

      DIVIDEND BY RAILWAY PSUs

      For the financial year 2011-12, seven profit making Public Sector Undertakings (PSUs) under administrative control of Ministry of Railways have given Rs. 405.78 Crore as dividend to the Ministry which is  approximately 14% more than the dividend paid for the last year.  The PSUs are Container Corporation of Indian Limited (CONCOR), Indian Railway Finance Corporation (IRFC), IRCON International Limited, Railtel Corporation of India Limited (RCIL), Indian Railways Catering and Tourism Corporation (IRCTC) and Rail Vikas Nigam Limited (RVNL) and RITES.

      RAILTEL BECOMES MINI-RATNA

      A PSU of Ministry of Raiwlays namely Railtel Corporation of India Ltd. has been granted status of mini-Ratna Category I in May2012.

      FILLING UP OF VACANCIES ON PRIORITY BASIS

      Filling up of vacancies is a matter of priority and is being actively pursued by Railways Recruitment Boards. In 2012, fourteen written examinations have been held for 271 categories, covering 50515 vacancies. Panels of about 15,838 candidates mainly for safety category posts have been supplied to Zonal Railways/Production Units during the last 11 months period i.e. 1st January 2012 to 30th November 2012.  Five centralized notifications have been issued in 2012 covering 27,038 vacancies in 138 categories.  Examinations against 4 notifications, out of five issued in 2012, have already been held in this year itself for 26,213 vacancies.

      FELICITATION OF RAILWAY SPORTSPERSONS FOR EXCELLENT PERFORMANCE

      Railway sportspersons were felicitated by the Railway Ministry for their remarkable performance in the London Olympics – 2012.  They were presented with a shawl, a memento and the cheque of the award amount.  Sushil Kumar, who won silver medal in wrestling (66 kg. Free Style) event in London Olympics was given a cash award of Rs. 75 lakh.  Joydeep Karmakar who got 4th position in the final in Shooting (50m Prone) and Ms. Krishna Punia who got 7th position in the final in Discuss Throw were given Rs. 25 lakh cash award each. Recognizing the commitment and contribution of coaches,  an award of Rs. 1 lakh each for Shri Satpal, Coach of Sushil Kumar, Sh. Sunny Thomas, Coach of Joydeep Karmakar and Sh. Virender Punia, Coach of Krishna Punia was also given. In a momentous recognition of the role and contribution of the Indian Railways in promoting sports in the country, Railway Sports Promotion Board (RSPB) of Ministry of Railways has bagged “Rashtriya Khel Protsahan Puraskar”, for the year 2012 which is a part of National Sports Awards, announced by the Ministry of Youth Affairs and Sports, Government of India.

      BETTER MEDICAL CARE TO RAILWAY BENEFICIARIES

      Ministry of Railways has approved a cashless medical scheme for retired railway employees called Retired Employees Liberalized Health Scheme (RELHS). Under this scheme, the beneficiaries can take treatment in Recognized Private Hospitals in emergencies. The Zonal Railways are in the process of implementing the scheme. RELHS has been made mandatory for post March 2009 retirees and open-ended for other retired employees/ eligible dependents. A full fledged Cardiac Unit has been commissioned at Jag Jivan Ram Railway Hospital (JRH) Mumbai. A new Super-specialty Centre at B. R. Singh Hospital IN Eastern Railway for treatment of cardiac ailments has become fully functional.

      RITEs, a Public Sector Undertaking under the Ministry of Railways, has been engaged as Transaction Advisor and Consultant for setting up of Medical Colleges on Public Private Partnership (PPP) mode at Chennai, Guwahati, Kharagpur, Lucknow and Secunderabad.

      e-PROCUREMENT AND e-AUCTION

      Indian Railways have implemented e-procurement system for All Zonal Railways and Production Units. So for 3.5 lakh e-tenders have been uploaded on central web site www.ireps.gov.in and more than 17,000 vendors have registered with the site. Electronic procurement has facilitated vendors and the participating industry to gain free excess to Railway’s supply tenders and has improved transparency and competitiveness in tendering process. 

      Moreover, with the aim of transparency through e-governance, Indian Railways has started E-auction as one of the mode for disposal of scrap since March 2012.  E-auction has been started on all Zonal Railways.

       STRENGTHENING OF BILATERAL COOPERATION IN RAIL SECTOR WITH FOREIGN COUNTRIES

      Bilateral cooperation in Railway sector with foreign countries is an ongoing process. India and China, among others, signed a Memorandum of Understanding (MoU) on Technical Cooperation in Railway Sector.  Under this MoU, both the countries will enhance mutual cooperation across various areas of rail technology including High Speed Rail, Heavy Haulage and Station Development. A MoU was also signed between Indian Railways and Belgium on bilateral co-operation for the effective development and modernization of railway sector of both the countries.  Another Memorandum of Understanding was signed betwee. Government of India and Government of Spain on technical cooperation in the field of Railway sector.  Delegation level talks were held separately with Switzerland and Germany on bilateral cooperation in the railway sector.   

      ROLLING STOCK PRODUCTION

      Indian Railways continue to do well in the rolling stock production. In the current year (till November, 2012), 416 locomotives have been manufactured, 2513 coaches have been manufactured and 16426 wagons have been procured.

      IRFC RAISES FUNDS FOR ROLLING STOCK AND RAILWAY PROJECTS

      Indian Railway Finance Corporation (IRFC) has been mandated to raise  Rs.15,000 crore in 2012-13 (Rs. 14,896 crore to finance rolling stock and Rs. 104 crore for railway projects being executed by RVNL).  Till end of November 2012, IRFC has raised and transferred to Ministry of Railways Rs. 2,652 crore.  

      Ministry of Finance has approved issue of tax free bonds by IRFC amounting to Rs. 10,000 crore during the FY 2012-13.   Notification in this regard has been issued by Department of Revenue, Ministry of Finance on 06.11.2012.   IRFC is in the process of raising funds through issue of tax free bonds by way of private placement and public issue. 

      78 DAY’S WAGES AS PRODUCTIVITY LINKED BONUS FOR THE YEAR 2011-12

      The Union Cabinet has accepted the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2011-12 for all eligible non-gazetted Railway employees. The financial implication of payment of 78 days' PLB to Railway employees has been estimated to be Rs.1021.56 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs.3500/- per month.  About 12.37 lakh non-gazetted Railway employees benefited from the decision.

      * * * * * *

      AKS/HK/LK

      Topics

      ActsIncome Tax