Sep 13, 2016

Cabinet Note soon for Merger of Railway Budget


New Delhi: The Finance Ministry will shortly circulate a Cabinet note to merge the railway budget with the Union Budget, advance presentation by a month and doing away with Plan and non-Plan expenditure head in the Budget.

The draft note will be floated for inter-ministerial discussion before it is tabled before the Cabinet, which is likely to take up these issues towards the end of this month, sources said.

Railways considering more Talgo trains between metros

Indian Railways is looking at similar light weight type trains for speedy run on the existing network

New Delhi: After the successful trial of Spanish made Talgo train, Railways is considering introduction of light weight aluminium coaches in the rail network to reduce the travelling time between metropolis.

Soon, Aadhaar must to avail Rail Concession

New Delhi: The Indian Railways may soon make it mandatory for senior citizen passengers to provide their Aadhaar numbers to avail concessions on rail tickets.
To begin with, senior citizens will be able to get ticket concessions only through Aadhaar from December this year, Indian Railway Catering and Tourism Corporation (IRCTC) Chairman and Managing Director A.K. Manocha told.
At present, male senior citizens can avail 40 per cent discount on ticket fares and female passengers 50 per cent reduction on ticket fares on all trains including Rajdhani, Shatabdi and Duronto.
Railways provides 53 such concessions, including those for the differently-abled and patients, incurring a loss of Rs.1,500 crore every year.

Restructuring Railway Timetable will take at least 2-3 years

Taking note of the changing commute pattern, the Western Railway (WR) is planning several changes to make travel smoother, said Mukul Jain, Divisional Railway Manager (DRM) Mumbai Division, WR. Excerpts from an interview:
Q: Business districts have now shifted from Churchgate to Mahalaxmi-Lower Parel-Elphinstone and Bandra-Andheri-Malad belt. The north of the city has also witnessed growth in population. What can the railways do to handle the change?
A: We agree the pattern of ticket sales is changing. The timetable needs to change in accordance with passengers’ needs. It is not necessary for all trains to head to Churchgate. Some of the services can be terminated or can start at Dadar or Bandra. We need to upgrade the station by providing reversal facility on tracks, which will take at least one year, after it is sanctioned. Currently, we can terminate services at Andheri and Borivli, so we are operating more trains from there.

Railways Biz doing well but exports slowing down: Timken India

Timken India rides on sustainable innovations

Mr. Henry Timken, Founder of The Timken Company had said: “The man who could devise something which would reduce friction fundamentally would achieve something of real value to the world”. In order to make one self-indispensable to any system, one must first create a product which is basic to the functioning of society, and second strive to remain relevant at all times. This holds true for Timken because of its strict adherence to the above formula. Though the parent company, Timken Company of the US is 120 years old, its Indian operations started with the setting up of Timken India Ltd. in 1987. Whether it is bearing technology, friction management and power transmission solutions, Timken caters to a wide range of industries, including commercial vehicles, aerospace, cement, construction, rail, wind energy and machine tools among others.

Greener 2020

Weathering many ups and downs in the market at global level and also in India has taught Timken to draw upon its core strength of offering green solutions which are simultaneously innovative and sustainable in nature.

Mr. Sanjay Koul, Managing Director – India, Timken, puts it simply: “Innovation is in our DNA.” Apart from remaining green and continuously sustainable, Timken is aiming for a double-digit growth in India by 2020. “We want to retain our position at the top in Taper Roller Bearings and be among the top two in other bearing offerings. We are changing our business model – if earlier we sold a product, now we sell a service where product is part of it,” he adds.

Google offers to build IT platform for Indian Railways

A team of Google last week made a presentation to senior railway officials and promised to prop up the transporter’s brand leadership

New Delhi: As Indian Railways is enhancing customer experience, tech giant Google has offered to build an IT platform for the national transporter that will have features like voice search, maps and local language, to name a few. Next on the partnership is monetising the web traffic and sharing revenue with the public transporter, which is ready to part with its colossal data for money.

Surge Pricing won’t be rolled back; Scheme to other trains, not now!

Even after flexi-fares system, Railways remains cheap mode of transport: Board

Indian Railways on Sunday said surge pricing, announced recently for some premium trains, won’t be rolled back, but added that the scheme won’t be extended to other trains for the time being.

7th CPC & Employee News: सातवां वेतनमान लागू होने पर 3000 करोड़ का पड़ेगा भ...

7th CPC & Employee News: सातवां वेतनमान लागू होने पर 3000 करोड़ का पड़ेगा भ...: रांची। - राज्य में सातवां वेतनमान लागू होने पर सरकार पर हर साल लगभग 3000 करोड़ रुपये अतिरिक्त वित्तीय भार पड़ेगा। वर्तमान में कर्मचारियों ...





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