Last Updated: February 28, 2017
Last Updated: February, 2017
India has the world's third-largest railway network under single management. It has 2.4 lakh wagons, 63,870 coaches and 9,549 locomotives. Indian Railways operates more than 19,000 trains daily.
Indian Railways is planning to launch an integrated mobile application for availing all travel-related services such as hiring taxis, pre-ordering a meal, requesting for porter services, lodging at a retiring room etc.
In collaboration with the Government of Japan, a high speed passenger corridor project between Ahmedabad to Mumbai has been undertaken, as per Railway Budget 2016-17. The construction of the project is likely to start in 2017.
Revenue growth for Indian Railways has been strong over the years. During FY07-15, revenues increased at a compound annual growth rate (CAGR) of 7.9 per cent to reach US$ 26.4 billion in FY15. Revenues are expected to expand at a CAGR of 13.4 per cent during FY07–20E. Freight and Passenger earnings are the two largest components of revenues for Indian Railways. In FY15, Indian Railways generated US$17.7 billion in earnings from commodity freight traffic, much higher than passenger earnings of US$7.1 billion. In the last eight years, revenues from the commodity freight and passenger segment have expanded at a CAGR of 8.7 per cent and 8.2 per cent, respectively.
The government is also envisaging metro rail projects across many cities over the next ten years. Announcements have also been made for conducting a feasibility study for high–speed bullet train between Mumbai–Ahmedabad. With increasing participation expected from private players, both domestic and foreign, due to favourable policy measures, both passenger and freight traffic is expected to grow rapidly over the medium to long term.
Download (Size: 1.09 MB )
Last Updated: February 28, 2017
Powered by the Who's Who of India
India’s leather industry has moved progressively, transforming from a raw material supplier to a value-added product exporter over the past few decades. The country...
Panchayats, hidden in plain sight, may just be the answer to improving agriculture productivity in India...
Over 100 Indian companies participated at Arab Health 2017, the largest healthcare exhibition & medical congress in the Middle East and the second largest in the worl...
GST, the “most significant tax reform” so far in India is poised to enable India Inc to operate under a one-country one market philosophy. One of the biggest ...
The Government of India has laid special emphasis on the reforms required in its public procurement process. In a major step that aims to transform the way in which procu...
The provisions of the erstwhile Rajiv Awas Yojana (RAY) scheme weren’t the brightest idea because practical implementation, in scale, was not feasible, and hence it...
Cutlery You Can Eat
Narayana Peesapaty, a former researcher at the International Water Management Institute of Hyderabad, has created an innovative edible cutlery, mainly made out of sorghum. The basic idea behind the innovation - replace plastic spoons – struck Narayana during a flight, upon observing fellow passengers..