Page 30 - Indian Railways

Covid-19: Western Railways collects Rs 883,000 in fine in March 1st week

Amid rising Covid-19 cases in Maharashtra, the Western Railways collected a total fine of Rs 883,000 from March 1 to 6 from people who were travelling without a face mask

Fitch, S&P rate IRFC's proposed USD senior unsecured notes at BBB-minus

Fitch Ratings has assigned Indian Railway Finance Corporation's (IRFC's) proposed US dollar Regulation senior unsecured notes a rating of BBB-minus.The proposed notes will be issued under IRFC's existing four billion dollars global medium-term note programme.The net proceeds from proposed notes will be used for funding acquisition of rail assets which IRFC will lease to Indian Railways, and to meet debt-financing requirements of various entities in the railway sector.Fitch said the proposed notes are rated in line with IRFC's issuer default rating on the basis that the notes issued under the programme will constitute direct, unconditional and unsecured obligations of IRFC and rank pari passu (on equal footing) with all its other present and future outstanding unsecured and unsubordinated obligations.Meanwhile, S & P Global also assigned BBB-minus rating to long-term foreign currency issue rating to IRFC's proposed benchmark size senior unsecured US dollar notes.

Top headlines: PM Modi praises PLI scheme; Mamata to contest from Nandigram

Business Standard brings you top news of the evening

Platform ticket hike 'temporary measure' to prevent overcrowding: Railways

Amid the ongoing C-19 pandemic, the Ministry of Railways has termed the hike in platform ticket rates as a "temporary measure" in the interest of the safety of passengers

RailTel launches prepaid wi-fi services at 4,000 railway stations

With the launch of these prepaid plans, a passenger can now use up to 30 minutes' free wi-fi per day at 1 mbps speed

Railways trial run of double-stacked dwarf container train successful

Railways has conducted a successful trial run of double stacked dwarf container train from Mehsana in Gujarat to Jawaharlal Nehru Port, a release said on Thursday. The train with five wagons of double-stacked dwarf containers arrived the Port on Thursday at 11:30 am and departed at 1 pm, Jawaharlal Nehru Port Trust ( (JNPT) said in the release. 'Dwarf' containers provides 67 per cent higher volume when double-stacked and can carry a weight of 71 tons, against 40 tons by an ISO container, it said. The government-run port operator also said that "it is in the process of finalising an operator for 'management, maintenance and operations of a dedicated dwarf container depot (D-Depot) inside the Port area". Indian Railways has given 17 per cent discount on haulage cost for double stack dwarf container trains compared to double stack ISO container trains coupled with additional volume benefit, JNPT said. At the D-Depot ISO containers for exports and imports will be destuffed/restuffed

Railways registers higher cumulative freight loading till Feb 28 than FY20

Freight loading crossed 5 million tonnes on February 28, the ministry said

Kumbh Mela 2021: Railways sets up centralised control room in Haridwar

A centralised hi-tech control room has been set up by Indian Raiways at Haridwar railway station

Railways hiked fares for short distances to deter non-essential travel

Hike covers less than 3% of total trains running; fares fixed in passenger trains at unreserved price of mail or express trains for the same distance

Train service between Kashmir Valley and Jammu to resume after 11 months

"A dry run of 137 km was carried out yesterday (Sunday) between Baramulla and Banihal," the official of the Northern Railways said

Ahmedabad-Mumbai Tejas Express skips Andheri halt, WR probe on

The Ahmedabad-Mumbai Tejas Express on Sunday skipped its halt at Andheri station, inconveniencing 42 passengers who had to alight there, Western Railway officials said. The train, operated by railway PSU IRCTC, was then given an unscheduled halt at Dadar so that these passengers could alight, and an inquiry has been initiated into the lapse, they said. Andheri is a temporary two-minute halt for the train till March 29.

Goyal encourages railways officials to give suggestions for optimisation

These suggestions could be about anything that can contribute to better passenger services, safety, revenue generation, freight and business development, increasing the speed or anything

Farmers' nationwide 'rail roko' program today, unions appeals for peace

The Samyukta Kisan Morcha (SKM) has called for a peaceful protest, expecting to get support for the program from across the country

Threat to BSNL, tepid listing gains: Analysts' take on RailTel IPO

Listen to this podcast to know what Ambareesh Baliga, an independent market analyst; and Likhita Chepa, senior research analyst at CapitalVia Global Research have to say about the issue

Indian Railways may choose BOT model for dedicated freight corridors: Rpt

The BOT model will be first implemented on a small stretch of Eastern Dedicated Freight Corridor (EDFC) between Sonnagar in Bihar and West Bengal's Dankuni

We've had no NPAs, plan to keep it that way: Amitabh Banerjee, CMD, IRFC

In a Q&A, Banerjee says the company is unlikely to change its model of leasing to Indian Railways, but is open to financing private projects that have forward or backward linkages with railways

Indian Railways rolls out its first AC 3-tier economy class coach

These coaches, officials said, will be "economical" and in between the current AC three-tier and non-AC sleeper class

Over 17,000 FIRs lodged in 2020 for incidents of crime on trains

Railway Minister Piyush Goyal informed Parliament on Wednesday.

Railways focussing on international connectivity through N-E region: NFR GM

Indian Railways is focussing on international connectivity through the North East, particularly with Bangladesh, Nepal and Myanmar, Northeast Frontier Railway general manager Anshul Gupta said

BJD criticises centre for lower allocation of Rail funds, BJP trashes claim

BJP leaders asserted that Narendra Modi has all along given priority to the state and provided sufficient money