Saturday, 13 December 2014

Indian Railway is turning towards big business opportunity


Indian Railway is turning towards big business opportunity

13 December, 2014, IndiaUSA NEWS CORP

"Railways require big investment. There is no fund for investment. There is requirement of Rs.6 lakh crore to Rs.8 lakh crore for completion of announced projects," The minister Prabhu said.
The minister said "I have ordered that not a single tender should come to me. Decision making should go to the general managers."
Regarding the railway unions' opposition to foreign investment in the sector, Prabhu said the unions views "need to be considered and I will convince unions that it is for the interest of railways and the public".
"They have threatened strike, but everybody needs to talk. Thursday we are talking to them," he added.
Last week in Mumbai, he said foreign direct investment (FDI) in railways is necessary as projects worth Rs.500,00-Rs.600,000 crore are stuck for want of funds.
On privatisation, minister said: "The basic aim is that rail service should be better and the ideology is not the issue here."

A total number of 197 premium trains have been introduced by the Indian Railways. The total additional earnings on account of dynamic fare up to 27.11.2014 after introduction of premium trains have been Rs. 49.71 crore. Apart from this additional earning, the response received from passengers has been encouraging going by the occupancy levels of these trains.

The concept of premium train services on dynamic fare over and above the regular train services has been introduced with effect from 24.12.2013.The fare of premium special trains on dynamic pricing increases depending upon the demand and availability of accommodation. The base fare of these trains is the normal adult fare applicable for the trains plus the tatkal charges and the fare can increase based on demand intensity subject to a prescribed maximum limit. The dynamic fare of the premium trains increases proportionate to the increase in Actual Demand Intensity as compared to the Normal Demand Intensity.
In order to clear extra rush of passengers during Christmas festival season, the South Central Railway will run six special trains between Secunderabad and Vijayawada and two AC Superfast Special trains between Secunderabad and Visakhapatnam as per the following schedule:-

1) Secunderabad – Machilipatnam - Secunderabad Special Trains
(06 services):-

Train No. 07050 Secunderabad - Machilipatnam Special Train will depart Secunderabad at 10:30 am on 14th, 21st and 28th December, 2014 (Sundays) and arrive Machilipatnam at 07:45 pm on the same day.
In the return direction, Train No. 07049 Machilipatnam-Secunderabad special train will depart Machilipatnam at 09:30 pm on 14th, 21st and 28th December, 2014 (Sundays) and arrive Secunderabad at 05:55 am on the next day.

2) Secunderabad – Visakhapatnam - Secunderabad AC Superfast Special Trains (2 services):-

Train No. 02728 Secunderabad - Visakhapatnam AC Superfast Special Train will depart Secunderabad at 10:10 pm on 26th December, 2014 (Friday) and arrive Visakhapatnam at 10:35 am on the next day.
In the return direction,Train No. 02727 Visakhapatnam-Secunderabad AC Superfast Special Train will depart Visakhapatnam at 07:05 pm on 27th December, 2014 (Saturday) and arrive Secunderabad at 07:50 am on the next day.

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