Category: Policy

In an important development, the Centre has offered concessional rates to attract unconventional traffic on the Indian Railways network.

Indian Railways (IR) will not accept any fresh applications for inducting new wagons from the private sector for two years under the popular General Purpose Wagon Investment Scheme (GPWIS).

Ministry of Railways (MoR) have been allocated Rs 2,400 billion as gross budget support (GBS) for capital expenditure during 2023-24. 

Reportedly, Indian Railways (IR) has implemented a new policy of paying private contractors within 30 days of invoicing, with the government paying interest if the deadline is missed.

Reportedly, Indian Railways may fall short of its annual monetisation target by Rs 280 billion in 2022-23.

In a bid to encourage movement of unconventional cargo, Indian Railways (IR) is considering revising its tariff policy.

In a key development, Indian Railways (IR) and India Posts have launched Rail Post Gati Shakti Express Cargo Service, a joint parcel product of railways and India Post on February 16, 2023.

Allocations to the tune of Rs 11.21 billion have been made in the Union Budget 2023-24 for various metropolitan transport projects (MTPs) in Mumbai.

Highlights for railways sector from Economic Survey of India 2022-23

Ministry of Railways (MoR) has released a five-pronged energy efficiency plan to become carbon-neutral by 2030.

Reportedly, the Ministry of Railways (MoR) seeks a 30 per cent higher budget allocation for 2023-24 in a bid to support the launch of new trains and upgrade the existing rail infrastructure.

In a bid to   attract more investments into connectivity projects in areas where infrastructure development does not make sense financially, the government has decided to give weightage to intangible benefits such as social, environmental and network effects of such projects.

Indian Railways (IR) is considering merging all the units’ producing locomotives and rolling stock under a single public sector undertaking (PSU).

Indian Railways (IR) has proposed to maker wagon booking norms for freight movement stricter in a bid to restrict ‘indent mafia’.

In a bid to enable decarbonisation of the sector, Indian Railways (IR) has floated a policy under which it plans to replace its entire fleet of vehicles that operate on diesel, bio-fuels or natural gas with electric vehicles by December 2025.

Indian Railways (IR) has allowed the transportation of liquefied natural gas (LNG) through its network, enabling cheaper delivery of the fuel to areas that lack pipelines.