Synopsis: Despite several reforms, Railways is facing financial distress. This article highlights the issues and suggests solutions for financial distress in Railways. Recent developments In 2016, the Railway Budget was merged with the General Budget. Earlier, Railways had a separate Budget. The Dedicated Freight Corridor will be operational by 2022. It includes The Western Dedicated… Continue reading Financial distress in Railways : Reasons and Way Forward
News: The Prime Minister of India has inaugurated the Rewari – Madar section on Western Corridor. Facts: Rewari – Madar section: It is a part of Western Dedicated Freight Corridor(WDFC).It falls in Haryana (for approximately 79 Km in Mahendragarh & Rewari districts) and Rajasthan (approximately 227 Km in Jaipur, Ajmer, Sikar, Nagaur and Alwar districts)… Continue reading PM inaugurates Rewari – Madar section on Western corridor
News: The Ministry of Railways has launched Freight Business Development Portal. Facts: Freight Business Development Portal: It is an exclusive portal to promote and develop the railways freight business. Key Features: It ensures that all operations stay customer centric, reduce the costs for logistics providers, provide online tracking facilities for suppliers and also simplify the process of… Continue reading Government launches Indian Railways Freight Business Development Portal
Source: The Indian Express News: Prime Minister has inaugurated a 351-km section between Khurja and Bhaupur in Uttar Pradesh for commercial operations as a part of Eastern Dedicated Freight Corridor(EDFC). Facts: Dedicated Freight Corridors(DFC): These are freight-only railway lines to move goods between industrial heartlands in the North and ports on the Eastern and Western coasts. The… Continue reading Why Dedicated Freight Corridor matters — for Railways, the country?