The Eastern Railway will recommence the suburban EMU and other local train services within its jurisdiction in West Bengal for the general public after nearly six months as per normal timetable from Monday maintaining COVID restrictions, an official said here on Sunday. It will run more than 920 services in Sealdah division and more than […]
Category: Railways
One year of Kisan Rail: Railways gives subsidy of Rs 95 Cr, reimbursed with Rs 55 cr
While the Kisan Rail has come as a boon for farmers across the country, the railways has been left with a burden of about Rs 40 crore in the form of unpaid reimbursements from the Ministry of Food Processing Industries (MoFPI) for running these trains for a year at a 50-per cent rebate. From October […]
NHSRCL invites bids for construction of 21-km tunnel for Mumbai-Ahmedabad bullet train
The National High Speed Railway Corporation Limited (NHSRCL) on Friday invited bids for the construction of a 21-km long tunnel for the Mumbai-Ahmedabad High Speed Rail Corridor. The tunnel will be built between the underground station at Bandra-Kurla Complex and Shilphata in Thane district of Maharashtra, a spokesperson of the NHSRCL said.
Let’s be realistic, IRCTC valuations cannot sustain: Deepak Shenoy
PSUs are hindered by the fact that the decision making is going to be dictated by officials who do not really care about other stakeholders? The government is a big stakeholder by itself. We should temper down the valuations, though the business is fine, says Deepak Shenoy, Founder, Capital Mind. After market hours yesterday it […]
Gati Shakti Express: India’s superfast train between Delhi and Patna to begin today
The Gati Shakti Express, India’s superfast special train will run for the first time today between Delhi and Patna. The train service will primarily cater to the upcoming festival crowd. The train will make five total trips till November 7th. The special Economy AC-3 tier train will have 20 coaches and will run under the […]
Govt withdraws IRCTC convenience fee revenue sharing decision
The railway ministry has decided to withdraw its decision of asking IRCTC NSE -7.42 % to share its revenue from convenience fee with the the government, Tuhin Kanta Pandey secretary of the department of investment and public asset management (DIPAM) said in a Twitter post Friday. “Ministry of Railways has decided to withdraw the decision […]
A rout, a reversal and then a recovery: the IRCTC flip-flop decoded
A rout, a reversal and then a recovery. Indian Railway Catering and Tourism Corporation shares took a hit of as much as 30% but pared almost all of its losses after the Ministry of Railways decided to take back its decision to share 50% of revenue from convenience fee charged by the PSU. That the […]
Local trains to run in West Bengal at 50 pc seating capacity from October 31; night curfew relaxed for festivities
The West Bengal government on Friday extended COVID-19 restrictions till November 30 with additional relaxations, one of them being permission for local trains to operate at 50 per cent seating capacity from Sunday — almost six months after services were stopped to check the spread of the disease. The administration also allowed movement of people […]
Railways’ Gati Shakti Express debuts today between Delhi-Patna
The Railways will run the Gati Shakti superfast special train between Delhi’s Anand Vihar Terminal and Patna Junction for the first time on Friday, an official statement said. The train with the newly introduced AC-3 tier economy coaches will cater to the rush during the festive season during Diwali and Chhath Puja. “The train will […]
How govt’s move on revenue sharing will impact IRCTC shareholders
MUMBAI: In the game of trust, just one incident is enough to undo years of effort. The current government has spent the past seven years convincing the market that its intentions about privatization are not mere lip service. The successful divestment of Air India, probably the toughest asset the government had to sell, was proof […]
IRCTC asked to restart sharing 50 pc convenience fee with Railway Ministry
The Railways has asked its online ticketing arm IRCTC NSE -5.30 % to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the national transporter, an arrangement that had been discontinued since the pandemic. In a regulatory filing on Thursday, IRCTC informed SEBI that the Railways has […]
Gati Shakti Express: India’s superfast railways between Delhi and Patna to begin today
The Gati Shakti Express, India’s superfast special train will run for the first time today between Delhi and Patna. The train service will primarily cater to the upcoming festival crowd. The train will make five total trips till November 7th. The special Economy AC-3 tier train will have 20 coaches and will run under the […]