Railways refers IRCTC, RailTel merger to DIPAM

The Department of Investment and Public Asset Management (DIPAM) will now take a call on the merger of RailTel Corporation of India (RailTel) and Indian Railway Catering and Tourism Corporation (IRCTC). The Indian Railways has sought the DIPAM’s view, said officials. “The decision about IRCTC and RailTel has been left to DIPAM because it concerns listed entities,” said one of the officials, who did not wish to be identified.

The proposal to merge the two entities is based on the recommendations of Sanjeev Sanyal, a former principal economic advisor in the finance ministry, who is currently a member of the Prime Minister’s Economic Advisory Committee.