Mumbai-Ahmedabad to get first Bullet train: D V Sadananda Gowda

July 8, 2014

Bullet

New Delhi, Jul 8: Railway minister DV Sadananda Gowda presented his maiden budget with a recent sharp increase in fares and freight charges.

"We want to make railways people-friendly," Gowda, who had launched a social media platform on Monday for interactions between railways authorities and "netizens", said before presenting the railway budget.

"Passengers are hoping amenities will improve. We will try to fulfil the demands."

Railways Budget

?Budget Highlights:

• Grateful to honourable PM Narendra Modi ji for having given me this opportunity and for entrusting me with this responsibility

• I can get claps from this house by announcing many new projects but that would be rendering injustice to the struggling organization

• The fare revision was tough but a necessary decision - it will bring Indian Railways an additional revenue of 8,000 crores

Increased Funds to Ensure Passenger Amenities and Cleanliness:

Honesty is the first chapter in the book of wisdom

• It gives me immense pleasure to present my first Railway Budget flooded with suggestion for new trains, new railway lines

• We now target to become the largest freight carrier in the world

• Indian railways carry only 31% of the total freight in the country.

• 5 lakh crore required each year for the next ten years for ongoing projects alone

• 23 paisa lost per passenger per km in 2012-13

• Social obligation of Railways in 2013-14 was Rs. 20,000 crore

• Focus on sanctioning projects rather than completing them

• The more projects we add the thinner we spread our resources

• Indian Railways carries more than the entire population of Australia in a day

• Populist projects and mismanagement have brought Railways to point of funds crunch

• This state of affairs in railways needs immediate course correction

• Gross traffic receipts in 2013-14 was Rs. 1.3 lakh crore, operating ratio was 94 per cent

• Indian Railways spent Rs. 41,000 crore on laying of 3,700 km of new lines in last 10 years

• Need to explore alternative sources of resource mobilisation and not depend on fare hike alone

• Large part of the budget outlay to go to safety projects

• Maximum financial outlays for projects slated for completion in this area itself

• High priority areas - safety, cleanliness, passenger amenities and capacity augmentation

• Future projects to be financed on public-private partnership model

• Plans to attract investment from domestic and foreign players in infrastructure; focus to be on aggressive indigenisation

• FY15 Total Expenditure Pegged At Rs.1.49 lakh crore

• FY15 total receipts pegged at Rs.1.64 lakh crore

• Propose to hike budgetary plan outlay to Rs.47,650 crore

• FY15 passenger fare revenue pegged at Rs.44,600 crore

• Pre-cooked meals by reputed brands, focus on cleanliness and passenger feedback

• Outsource cleaning activities at 50 major stations, separate housekeeping wing for cleanliness and sanitation

• CCTVs to be used for monitoring cleanliness

• RO Drinking water at stations and trains

• Corporates encouraged to adopt stations for better maintenance and upkeep

Safety for Women Passengers:

• 17,000 Railway Protection Force personnel to be available soon

• Introduction of women RPF constables, coaches meant for women to be escorted for greater safety

Bullet train:

• Indian Railways on course to fulfill its long cherished dream. I propose a Bullet train on the Ahmedabad - Mumbai sector

• Higher speed for existing trains will be achieved by upgrading the present networks

Reservation system will be revamped:

• Railways to scale down market borrowings to Rs. 11,790 crore

• Reservation system will be revamped and ticket-booking through mobile phones and post offices popularised

• Wi-fi Services in all A Category stations and trains

• To Have Diamond Quadrilateral Network for High-speed Trains

• Digital Reservation Charts at stations

• Parcel traffic separated to requisite terminals, dedicated trains running on fixed timetable

• New design of parcel vans -- measures taken in order to improve earnings from the parcel system

• Special initiatives via the PPP mode for transport of fruits and vegetables and milk

• Bio-diesel upto 5% to be used in diesel locomotives

• 23 projects underway in North-East. Propose to allocate higher funds than previous year for these projects

• Future e-Ticketing to support 7200 tickets per minute and to allow 1.2 lakh simultaneous users

• Dedicated freight corridor projects will be closely monitored

• Experimental stoppages to be reviewed solely on the basis of feasibility and viability after 3 months

• Government to make e-procurement compulsory for procurements over Rs. 25 lakh

• GIS Mapping and digitisation of Railway Land

• 18 new line surveys, 10 surveys for doubling 3rd and 4th lines and gauge conversion.

• Office-on-Wheels; internet and workstation facilities on select trains.

• Setting up of logistic parks, private freight terminals on PPP model

• Connectivity to ports through PPP, procurement of parcel vans and rakes by private parties for resource augmentation

• Will offer wifi-services in all 'A' category trains and A1 stations.

• To have digital reservation charts at stations.

• Working on making railway offices paperless in five years

• e-Ticketing through mobile phones will be popularized.

* Indian railways to become the largest freight carrier in the world.

* Social obligation of Railways in 2013-14 was Rs 20,000 crore.

* Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent.

* Focus in past has been on sanctioning projects rather than completing them, Railway minister says.

* Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years.

* Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project.

* Railways also proposes to set up Food Courts at major stations.

* Need to explore alternative sources of resource mobilisation and not depend on fare hike alone, Railway minister says.

* Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa.

* With 12,500 trains, railways move 23 million passengers every day; equivalent to moving Australia's population.

* Separate housekeeping wing at 50 major stations.

* CCTV to monitor cleanliness activities.

* Mechanized laundry will be introduced.

* Dedicated freight corridor on Eastern and Western corridors.

* 5400 unmanned level crossing removed.

* Tourist trains to be introduced to link all major places of tourist interests across the country.

* 4,000 women constables to be recruited to ensure safety of women. 17,000 RPF constables to provide safety to passengers.

* Setting up of Railway University for technical and non-technical study.

* Ultrasonic system to detect problem in track.

* Proposal to start Bullet trains in Mumbai—Ahmedabad route. Speed of important trains will be also raised.

* Diamond Quadrilateral project of high speed trains to connect all major metros.

* E-ticketing system to be improved. Future e-ticketing to support 7200 tickets per minute & to allow 120,000 simultaneous users

* Wifi in A1 and A category stations and in select trains. Internet-based platform and unreserved tickets.

* GIS mapping and digitization of Railway Land. Extension of logistics support to various e-Commerce Companies.

* Bulk of future projects will be financed through PPP mode.

* Facilitate transport of milk through rail. Special milk transportation trains in association with Amul and National Dairy Association Board.

* One ticket to reach from Delhi to Srinagar. Uddhampur to Banihal by bus and Banihal to Srinagar by train.

* Mumbai local to get 860 new, state-of-the art coaches. 64 new EMUs to be introduced.

* Train connectivity to Char Dham.

* Paperless office of Indian railways in 5 years. Digital reservation charts at stations.

* Ready-to-eat meals to be introduced in phased manners.

* 27 Express trains to be introduced.

* 5 Jansadharan , 5 Premium AC trains to be introduced.

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News Network
May 30,2020

New Delhi, May 30: An Air India flight from Delhi to Moscow on Saturday had to return midway after the airline's ground team found out that one of the pilots had tested positive for novel coronavirus, officials said.

"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan's airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.

"The flight was immediately asked to return. It came back to Delhi at around 12.30 pm on Saturday," the officials said. The crew has been quarantined. Another plane would be sent to Moscow to bring back the stranded Indians, according to the officials.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
February 26,2020

Feb 26: In his first reaction to incidents of violence in Delhi which have left at least 20 people dead, Prime Minister Narendra Modi on Wednesday appealed for peace and brotherhood, and said he has held an extensive review of the prevailing situation in various parts of the national capital.

He also said it was important that calm and normalcy was restored at the earliest.

“Had an extensive review on the situation prevailing in various parts of Delhi. Police and other agencies are working on the ground to ensure peace and normalcy,” Modi tweeted.

Stressing that peace and harmony are “central to our ethos”, Modi said, “I appeal to my sisters and brothers of Delhi to maintain peace and brotherhood at all times.”

At least 20 people have been killed since Sunday in communal violence in Northeast Delhi, triggered after clashes between pro and anti-CAA protestors over the Citizenship (Amendment) Act.

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