Huge investment – the need of the hour for Indian Railways

Huge investment – the need of the hour for Indian Railways

Feb 12, 2015

To get the Railways back on track, the cash-strapped national transporter needs investment from every source possible – from private sector participation to foreign pension funds – says Suresh Prabhu, the Union Railway Minister. “The Railways can still drive economic growth by contributing 2.5 to 3 percent of the national income, but for this turn...

Indian Railways needs private capital not privatisation

Indian Railways needs private capital not privatisation

Feb 10, 2015

Whilst attending the 15th national seminar on ‘Public Private Partnership (PPP) and Foreign Direct Investment (FDI) in Indian Railways’ last Monday in Hyderabad, the Minister for Railways, Suresh Prabhakar Prabhu, discussed the future of Indian Railways, pitching for private capital rather than privatisation.   It was in December that India’s Prime...

Ministry favours RPF over GRP to combat poor railway security

Ministry favours RPF over GRP to combat poor railway security

Feb 5, 2015

Last year, while addressing security issues related to India’s economic lifeline, one officer told The Hindu: “There are more than 13 million passengers transiting railway stations every day. How on earth do you search all their luggage and frisk all of them?”. That being said, it’s not surprising that the rail ministry is trying every trick in the book to...

Advertising as a source of income for the Railways

Advertising as a source of income for the Railways

Jan 29, 2015

Generating funds for public services when the amount of available government money is tight has been a cause for concern for many of India’s public services. Extra money will often give those services some breathing room – a financial safety net. With many transport infrastructure changes scheduled for the coming years, India’s Railways are looking to generate...

Indian Railways under fire for inefficiency and funds mismanagement

Indian Railways under fire for inefficiency and funds mismanagement

Jan 13, 2015

Indian Railways has been criticised by the Comptroller and Auditor General of India for turning into an inefficient, dilapidated mode of transport defined by operational inefficiency, underutilisation of resources and mishandling of funds.   The Comptroller and Auditor General of India (CAG) has criticised the Indian Railways for not complying with the...

A look back at India’s Railways in 2014

A look back at India’s Railways in 2014

Dec 18, 2014

India’s Railways are iconic, but they have long been a fragmented and inefficient section of the transport industry. Suresh Prabhu, Railway Minister under Modi’s government, has pledged to improve the safety and customer service of the Indian Railways, and has stated that he is looking for investments of over $100 million over the next 3-4 years to help...