Railway brings assets online, to hold e-auction for commercial earning, NFR
In a boost for small entrepreneurs and start-ups, the railways has brought its commercial earning and non-fare revenue contracts online, with no financial turnover requirement for annual contracts of up to Rs 40 lakh.
In line with the prevailing e-auction of scrap sale, Railway Minister Ashwini Vaishnaw launched e-auction for commercial earning and non-fare revenue (NFR) contracts on Friday.
“This policy is in line with the vision of the prime minister to change the experience of the common man by the use of technology. With this new policy, the tedious process of tendering would get simplified. Also, it would give opportunities to youngsters to join the e-auction process.
