Nov 13, 2013

Rapid Rail takes off in Gurgaon



Covering a distance of over five kilometres in the first phase and costing Rs 1,100 crore, Rapid Rail will begin its commercial operation from November 14. The new metro system will connect key office hubs of Gurgaon with Delhi Metro, enhancing last mile connectivity in the area.

In the first phase, Rapid Metro will cover six stations of Sikanderpur, DLF Phase II, Belvedere Towers, Moulsari Avenue and DLF Phase III. The sixth station near Shankar Chowk, called Gateway Tower is still under construction and is expected to be completed by March 2014. The fare will be charged at a flat of Rs 12.

The entire ride of five stations takes about 14 minutes, with an average speed of 30 km/hr. The train will run at a frequency of four minutes starting at 6.00 AM in the morning up till 12.20 AM midnight. The ticketing system has been integrated and the commuter can use the same token for Rapid Rail as the ticket price will be charged along with the DMRC fares at the first point of ticket sale.

“We expect to carry over 40,000 people everyday in the first three months of operation and by the end of the year we hope that the ridership will be over 90,000 people every day, “said Mr Sanjiv Rai, Managing Director and Chief Executive Officer, Infrastructure Leasing & & Financial Services Rail Ltd, which is the private partner in the project.

Rapid Metro is a Public Private Partnership between Haryana Urban Development Authority and IL&FS Rail Ltd. Under the PPP, HUDA has given about 50% of the total the land and facilitated the process for required clearances for the project. The private partner has put in the money for construction of the required infrastructure, procured the rolling stock and will also take care of the operations.

Under the concessionaire, the ticketing revenue will not be shared with HUDA and only a part of non-ticketing revenue will be shared. About 5-10% of the non-ticketing revenue is expected to be shared with HUDA. “The project is financially sustainable that is the reason we have executed it, “said Rai.

Each train has three coaches and 15 coaches for the five trains have been bought from Siemens. The Rapid Rail will have 40 drivers which includes one female driver. The drivers have been trained by Delhi Metro Rail Corporation.

For the first time in India, private players have been roped in for station branding.Under this program station names have been branded, like Vodafone Belvedere Towers, Micromax Moulsari Avenue and IndusInd Bank Cyber City. Three out of the five stations have been branded so far and the other two are expecting private participation soon. The branding partners have entered into three year contract with Rapid Rail. The private players have painted the station with their theme colours and used the station space for their brand promotion.

The Phase II of the Rapid Rail will cover 6.5 kms and is expected to be completed by 2016.

The official inauguration of the Rapid Metro will happen in the coming weeks. In the meanwhile the officials did not want the operations to be delayed for official inauguration.
Source..Rail News

इनकम टैक्‍स छूट सीमा बढ़कर होगी तीन लाख रुपये !

BIG NEWS: इनकम टैक्‍स छूट सीमा बढ़कर होगी तीन लाख रुपये!

नई दिल्ली. आयकर छूट सीमा दो से बढ़ाकर तीन लाख रुपए करने के प्रस्ताव को कानून मंत्रालय ने हरी झंडी दे दी है। अब डायरेक्ट टैक्स कोड (डीटीसी) के इस मसौदे को मंजूरी के लिए कैबिनेट में भेजा जाएगा। इसके बाद इसे संसद में पेश किया जाएगा। वित्त मंत्रालय चाहता है कि संसद के पांच दिसंबर से शुरू होने जा रहे आगामी शीतकालीन सत्र में ही इसे पेश कर दिया जाए। वित्त मंत्रालय के एक अधिकारी के मुताबिक डीटीसी विधेयक के ताजा मसौदे में आयकर में छूट की न्यूनतम सीमा पर संसदीय समिति की सिफारिश लगभग मान ली गई है। पूर्व वित्त मंत्री यशवंत सिन्हा की अध्यक्षता वाली संसद की स्थायी समिति ने इसकी सीमा बढ़ाकर तीन लाख रुपए करने की सिफारिश की थी। इसके साथ ही 10 लाख रुपए तक की आमदनी वालों से 10 फीसदी कर ही वसूलने की सिफारिश की गई है। 

अभी टैक्स दरें कितनी 

इस समय दो से पांच लाख रुपए तक की आमदनी वालों से 10 फीसदी, जबकि पांच से 10 लाख रुपए तक की आमदनी वालों से 20 फीसदी और इससे ऊपर की आमदनी वालों से 30 फीसदी की दर से कर वसूला जाता है।


गौरतलब है कि पूर्व वित्त मंत्री यशवंत सिन्हा की अध्यक्षता वाली संसद की स्थायी समिति ने आयकर में छूट की न्यूनतम सीमा को बढ़ाकर तीन लाख रुपये करने की सिफारिश की है।

इसके साथ ही 10 लाख रुपये तक की आमदनी वालों से 10 फीसदी कर ही वसूलने की सिफारिश की गई है। इस समय दो से पांच लाख रुपये तक की आमदनी वालों से 10 फीसदी, जबकि पांच से 10 लाख रुपये तक की आमदनी वालों से 20 फीसदी और इससे ऊपर की आमदनी वालों से 30 फीसदी की दर से कर वसूला जाता है। 

यशवंत सिन्हा ने बताया कि इस बार टैक्स में एक नई सुपर रिच श्रेणी का भी प्रावधान किया जा रहा है। इस श्रेणी में आने वाले लोगों को 30 फीसदी से ज्यादा की दर से आयकर का भुगतान करना होगा। एक अन्य अधिकारी ने बताया कि मसौदे को कानून मंत्रालय का अनुमोदन प्राप्त हो गया है। इसका मतलब यह है कि अब इसे मंत्रिमंडल के पास भेजने में कोई अड़चन नहीं है। उन्होंने बताया कि जहां तक हो सका है, इसमें सभी मंत्रालयों के सुझावों को समाहित करने का प्रयास किया गया है।

अब उम्मीद की जा रही है कि अब इसे मंत्रिमंडल की बैठक में पेश किया जाएगा ताकि 5 दिसंबर से शुरू हो रहे संसद के शीतकालीन सत्र के दौरान इसे पेश किया जा सके। उनके मुताबिक यदि सरकार डीटीसी विधेयक को सदन में पेश करना चाहती है तो उसे हर हाल में इसी सत्र में पेश करना होगा क्योंकि इसके बाद लेखानुदान पेश करने के लिए सत्र बुलाया जाएगा। लेखानुदान में किसी भी बड़े फैसले को शामिल नहीं किया जा सकता है।

डीटीसी विधेयक के तीन मसौदे अभी तक तैयार हो चुके हैं। पहली बार इसका मसौदा पी चिदंबरम ने ही वर्ष 2009 में बनाया था। उसके बाद उनका मंत्रालय बदल गया था और प्रणब मुखर्जी वित्त मंत्री बनाए गए थे। उन्होंने वर्ष 2010 में एक नया मसौदा तैयार किया, लेकिन दोनों पर ही काम आगे नहीं बढ़ पाया।

अब एक बार फिर से चिदंबरम वित्त मंत्री हैं और इनकी अगुआई में नया मसौदा तैयार किया गया है। हालांकि, अहम सवाल यह है कि इस पर कितना काम हो पाता है क्योंकि अब आम चुनाव में बेहद कम समय बचा है।

‘सुपर रिच’ श्रेणी 

इस बार टैक्स में एक नई ‘सुपर रिच’ श्रेणी का भी प्रावधान किया जा रहा है। इस श्रेणी में आने वाले लोगों को 30 फीसदी से ज्यादा की दर से आयकर का भुगतान करना होगा। वित्त मंत्रालय के एक अधिकारी ने बताया, यदि सरकार डीटीसी विधेयक को सदन में पेश करना चाहती है तो उसे हर हाल में इसी सत्र में पेश करना होगा क्योंकि इसके बाद लेखानुदान पेश करने के लिए सत्र बुलाया जाएगा। लेखानुदान में किसी भी बड़े फैसले को शामिल नहीं किया जा सकता है। 
SOURCE - BHASKER

Delhi Metro to run frequent trains during India International Trade Fair



NEW DELHI: Expecting a considerable increase in ridership during the annual India International Trade Fair, Delhi Metro has decided to run trains at peak hour frequency throughout the day on Line-3 from Dwarka to Yamuna Bank.

Steps are being taken to ensure crowd facilitation at stations from November 19 to 27, when the fair will be thrown open to the public. Besides increasing the frequency of the trains, tickets for the trade fair will also be available at Metro stations from Nov 14.

Source..Rail News

DPR for Light Rail Transit for Bangalore ready



Bangalore: Infrastructure Development and Information Minister Santosh Lad on Monday said the detailed project report (DPR) for the Light Rail Transit (LRT) system for Bangalore is ready.

Mr. Lad told presspersons here that the DPR for LRT, covering a distance of about 40 km, was prepared by U.K.-based concern — Capita Simonds. The DPR is being sent to the Finance Department and after its concurrence, it would be placed before the Cabinet for approval, the Minister said.

The project, estimated to cost about Rs.8,000 crore, would be undertaken under public-private partnership, he said. Mr. Lad said the LRT would act as a feeder to the Namma Metro.

He, however, did not divulge the details of the report saying the same could be made public only after Cabinet approval.

The Bangalore Airport Rail Link (BARL) Ltd., a State-government concern, which earlier was tasked with preparing the DPR for LRT, had suggested corridors of a distance of about 41 km. One corridor was from J.P. Nagar to Hebbal via outer ring road (31 km) and the other was from near Tavarakere on Magadi Road to Magadi Road Tollgate (10 m) linking the Metro Reach 2 line.

Source..Rail News

CHOGM boycott: Over 6,000 held for Rail Roko in Madurai

Trains blocked at a few places, but essential services not affected
Cadres owing allegiance to various Tamil political parties who resorted to rail roko agitations across the State were arrested on Tuesday. The protesters were demanding the Government of India to totally boycott the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka.

While essential services, public transport, educational institutions, banks, government and private establishments functioned normally, trains were delayed at several places with slogan-shouting agitators barging into railway stations to stop train services.

Marumalarchi Dravida Munnetra Kazhagam general secretary Vaiko, Manithaneya Makkal Katchi convener M.H. Jawahirullah, Tamilaga Makkal Munnetra Kazhagam leader John Pandian were among those held.

According to police sources, as many as 6,700 persons who resorted to rail roko agitations at 135 places were taken into custody. Most of the train blockades were reported in Chennai, Coimbatore, Tirupur and Madurai. Around 300 activists who staged demonstrations in almost all districts causing hindrance to road traffic were detained.

All those arrested were released in the evening.

Some shops remained closed. But for an instance of stone throwing on a bakery near Tirupur railway station, no violent incidents were reported from any part of the State, police sources said and added that enhanced security arrangements would continue till early on Wednesday.

Source..Rail News

Rail Minister gives Rs 5 lakh cheque to para athlete Jhajhria



New Delhi: Para-athlete Devender Jhajhria was today presented a cheque of Rs five lakh by Rail Minister Mallikarjun Kharge for winning a gold medal in javelin throw at the Athletics World Championships in July this year.

Jhajhria, who is working as office superintendent in the Railways, scripted history for India as he gave the country its maiden gold medal in Lyon, France.

The 33-year-old from Rajasthan, also a world record holder in the event which he created while winning gold in the 2004 Athens Olympics, hurled the javelin to 57.04m in F-46 category, meant for one-armed athletes.

Jhajharia was felicitated by his employer for his outstanding achievement, the ministry said in a release.

“The Indian Railways, winner of the first ‘Rashtriya Khel Protsahan Puraskar’ instituted by the Government of India, always takes lead in promoting sports in the country. Railways sports persons have been participating in prestigious national as well as international competitions like Asiad, Commonwealth Games, Olympics, other international level sports events and bringing laurels to the nation,” it added.

Source..Rail News

Jugsalai track death bares Rail gaffes

A 30-year-old man died after a speeding train hit him while he was crossing the railway tracks near Dukhu Market in Jugsalai on Tuesday morning.

The deceased, whose identity is yet to be ascertained, was still alive on his way to MGM Medical College and Hospital. However, he was declared brought dead at the hospital.

Precious time was lost after the mishap, which occurred around 11am, as the man with his left hand severed and severe head injuries lay unattended for a good 30 minutes. Finally, some passers-by intercepted an auto and took him to the hospital around 11.30am.

Police, who rushed to the spot soon thereafter, said they were informed about the incident around 11.20am. “We arrived at the spot within 10 minutes. It appears to be an accident case. The victim was crossing the tracks and did not notice the approaching train, which hit him. Had it been a case of suicide, the victim would have been badly maimed,” said sub-inspector of Jugsalai police station Janak Kishore Narayan, who had led the police party to the spot.

Auto-rickshaw driver Mohammed Aslam, who had taken the man to the hospital, said the man could have been saved if he was immediately rushed to hospital. “I was going to Jugsalai via a short route, when some people stopped me. They asked me to take an injured person to hospital. As it was an emergency case, I did not refuse. He was alive. Later, I found out that the man had been lying at the spot for half an hour,” Aslam.

The body has been sent to MGM Medical College’s mortuary for post-mortem.

Accidents are not new on railway tracks along Dukhu Market. Earlier this year, two similar mishaps had taken place. This is because people headed from Jugsalai-Station Road to Jugsalai market area use the tracks as a crossing point. Though there is a level crossing about 200 metres away, very few take the trouble to walk down to it and instead opt for the dangerous short cut.

Senior Divisional Engineer, Chakradharpur Division, Anil Kumar Patel said they were aware of the situation.

“We know that fatal mishaps take place on the tracks near Dukhu Market when people try to cross the line to go to the adjoining Jugsalai market. I will suggest the railway higher-ups to put up barbed wires along the stretch, which will restrict movement of people,” he added.

Source..Rail News

Texmaco Rail & Engineering posts lower Q2 net profit



KOLKATA: Texmaco Rail & Engineering Limited, an Adventz Group company, reported a net profit at Rs 5.94 crore in the second-quarter (Q2) ended September 30, 2013, compared to Rs 29.26 crore in the corresponding period previous year. Company officials attributed the dismal Q2 performance to substantial underutilisation of its plant capacity consequent on non-release of railway orders for wagons to the industry after the last order in January 20l2.

Gross revenue for the said quarter stood at Rs 148.87 crore against Rs 302.12 crore in the previous corresponding quarter, the company’s media statement stated.

Incidentally, working of the company’s steel foundry division was also impacted owing to the poor workload in the wagon division. It has, however, successfully developed castings for export markets and expects to commence supply of steel castings to these markets in Q4 of the current year. The old foundry modernisation is progressing well, and the commissioning of the new moulding line is expected by December 2013.

While Texmaco Rail & Engineering’s JV with UGL Rail of Australia is in the process of executing orders for supply of loco bogie frames from Queensland Rail of Australia, its JV leasing company – Touax Texmaco Railcar Leasing Company is working out leasing plans for some new design wagon rakes to automobile manufacturers.
Source..Rail News

Kalindee Rail Nirman: Outcome of Board meeting


Kalindee Rail Nirman (Engineers) at its meeting held on November 12, 2013, took note of submission of recommendations of Committee of Independent Directors pursuant to clause 26 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2013, inter alia, took note of submission of recommendations of Committee of Independent Directors pursuant to clause 26 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and authorized Mr. R D Sharma to carry out the necessary incidental work of submission and publication of same as per aforesaid regulations.

Source : Rail News

 

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