Ordinary Working Expenses in the R.E. 2015-16 decreased by Rs 8,720 crore Net reduction in Gross Traffic Receipts by rs 15,744 crore in R.E. 2015-16 Excess of receipts over expenditure in R.E. 2015-16 stands at Rs 11,402.40 crore Financial Performance 2015-16 The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17… Read More »
Indian Railways for 100 per cent transparency in all its Operations The Minister of Railways, Shri Suresh Prabhakar Prabhu said that the transparency is an important tenet of this Government. Presenting the Railway Budget 2016-17 in Parliament today he said , Indian Railway’s mission is to ensure 100% transparency in all its operations. He said,… Read More »
Initiatives taken to improve Passenger Ammenities The Minister of Railways, Shri Suresh Prabhakar Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways. Presenting the Railway Budget 2016-17 in Parliament today, he said, it has been an unprecedented year for customer oriented works and Indian Railway’s responsiveness… Read More »
Railways to ensure independence of Rail Development Authority The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Indian Railways will ensure the independence of Rail Development Authority which was proposed last year to enable fair pricing of services, promote competition, protect customer interests and determine efficiency standards. He was introducing the Railway Budget… Read More »
‘AYUSH’ Systems in 5 Railway Hospitals Introduced Gang Men will be Provided with Devices Called ‘Rakshak’ for Promoting Research in Key Policy Areas Two Chairs Set Up The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today said that he was proud to lead a work force that… Read More »
Antyodaya Express and Deen Dayalu Coaches to be Introduced for the Unreserved Passenger Humsafar, Tejas and Uday Train Services to be Introduced for the Reserved Passenger The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today proposed to introduce the Antyodaya Express, a long-distance, fully unreserved, superfast train service,… Read More »
Railways for Port Connectivity to Boost Country’s Imports and Exports The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that the Port connectivity is an important element to ensure seamless logistics to boost country’s imports and exports. Presenting the Railway Budget 2016-17 in Parliament today he said, last year, Railways had launched a coastal… Read More »
Railway Proposes to Set Up ‘SRESTHA’- A R&D Organization Bringing Most of IR Companies Under an Umbrella of a Holding Company The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today announced to set up a R&D organization, a Special Railway Establishment for Strategic Technology & Holistic Advancement,… Read More »
Two New Corridors Planned for Mumbai Suburban Train Ring Railway System in Delhi to be Reviewed Suburban Systems to be developed in Bengaluru and Thiruvananthapuram The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today said that two new corridors for Mumbai suburban train viz. Churchgate- Virar and CSTM… Read More »
Increased Outlay for Electrification of Railways The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget for 2016-17 in Parliament today said that electrical traction is more economical besides being environment friendly. In a business-as-usual approach, it may take us 10 to 15 years to complete the required electrification which government is… Read More »