Laos, a nation of 7 million people wedged between China, Vietnam and Thailand, is opening a $5.9 billion Chinese-built railway that links China’s poor southwest to foreign markets but piles on potentially risky debt. The line through lush tropical mountains from the Laotian capital, Vientiane, to Kunming is one of hundreds of projects under Beijing’s […]
Category: Railways
Supreme Court upholds arbitral award in favour of Anil Ambani firm
The Supreme Court has dismissed a plea filed by Delhi Metro Rail Corporation (DMRC) seeking review of its judgement which upheld the 2017 arbitration award of around Rs 4,600 crore in favour of Reliance Infrastructure subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL), enforceable against it. A Bench of Justices L Nageswara Rao and S […]
SC dismisses DMRC’s review petition over arbitral award to RInfra unit
The Supreme Court has dismissed a plea filed by Delhi Metro Rail Corporation (DMRC) seeking review of its judgement which upheld the 2017 arbitration award of around Rs 4,600 crore in favour of Reliance Infrastructure subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL), enforceable against it. A bench of Justices L Nageswara Rao and S […]
Vikas Kumar appointed Delhi Metro Rail Corp’s director of operations
The Delhi Metro Rail Corporation has appointed Vikas Kumar, an Indian Railway Traffic Service officer, as the director of operations, officials said on Wednesday. The DMRC has the largest operational metro network in the country, spanning over 390 km, and has strengthened its operation and maintenance (O&M) wing with new appointments, they said. Vikas Kumar, […]
Stop ‘injustice’ towards job seekers in Railways, says Rahul Gandhi
Former Congress chief Rahul Gandhi on Wednesday extended his support to those seeking jobs in the Railways and called for stopping the “injustice” towards them. In a tweet, he also claimed there are now “no jobs” in the Railways. “Earlier a job in the Railways was an honour, today there are no jobs in the […]
Railways has incurred losses to tune of Rs 36.87 cr due to protests: Govt
Railways has incurred losses to the tune of Rs 36.87 crore due to the agitations by farmers and other organisations during this year, Railway Minister Ashwini Vaishnaw informed Parliament on Wednesday. In a written reply in Lok Sabha, he also said that the Northern Railway suffered the most losses, amounting to Rs 22.58 crore. Vaishnaw […]
Suspension of fare concessions: Railways’ FY21 losses narrow significantly
The Railways has informed Parliament that its losses from fare concessions given to passengers has reduced from Rs 2,059 crore in 2019-2020 to Rs 38 crore in 2020-21, when all such subsidies, except for patients and students, were suspended due to the Covid pandemic. The Railways has restored many of its pre-Covid services which were […]
IRCTC to run ‘Rampath Yatra’ train from Gujarat to Ayodhya on Dec 25
Indian Railway Catering and Tourism Corporation (IRCTC) will run the ‘Rampath Yatra’ train on December 25 which will start from Gujarat connecting Madhya Pradesh to reach Ayodhya, informed Krishna Kumar Singh, Regional Manager of IRCTC on Tuesday. Addressing a press conference in Indore on Tuesday, Singh said, “The 640-seater train will start from Sabarmati station […]
Be more realistic in demand for supplementary grants: CAG to Rail Ministry
The Ministry of Railways needs to be more “realistic” in its estimation of demand for supplementary grants, the Comptroller and Auditor General (CAG) said in a report tabled in the Lok Sabha on Monday. According to the Financial Audit of the Accounts of Union Government for the financial year ending in March 2020, the Railway […]
DMRC unveils refurbished train after first-ever mid-life coaches’ overhaul
In a first-ever mid-life overhaul of its old rolling stock, the Delhi Metro Rail Corporation (DMRC) on Monday unveiled its first refurbished train which was introduced into service 14 years ago as part of its Phase-I network. This exercise is part of a special drive undertaken by the Delhi Metro to retrofit and upgrade to […]
Goods train derails as Naxals uproot railway track in Dantewada
Eighteen wagons and three locomotives of a goods train derailed on the Kirandul-Visakhapatnam railway section in Chhattisgarh’s Dantewada district after Naxals uprooted railway tracks, a police official said on Saturday. No casualty was reported in the incident that took place in a forest area around 8.30 pm on Friday. However, the movement of trains was […]
Texmaco Rail & Engineering rights issue oversubscribed 1.35 times
Texmaco Rail and Engineering Ltd has said its rights issue for an amount of up to Rs 164.51 crore was oversubscribed by about 1.35 times. The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday. In October, Texmaco Rail and Engineering had said its Capital Issue […]