IndiaN railways
The Railway minister DV Sadananda Gowda while answering to a question in Parliament mentioned that the Indian Railways is sitting on a vacant land bank of 47,336 hectare and 942 hectare under encroachment out of a total land area of 4,57,689 hectare. The vacant land is mostly in the form of narrow strips along tracks. [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
Indian Railways has come up with a new plan to generate revenues. Next financial year, the agency employing the largest number of people in Asia, plans to generate about Rs 5,000 crore by monetizing its land reserves. This Rail Land Development Authority (RLDA) led initiative involves five projects across the country. So far, in this financial year, RLDA [...] Continue Reading »
Kolkata- Although a project with Rs. 4,874 crore and a 100-crore allocation might seem smaller, But, West Bengal is still contented with it East-West front. Making its entry into the pink book, the Metro corridor links with the eastern fringes of the city with Howrah. This ultimately means, the Indian Railways has officially accepted it [...] Continue Reading »
Jammu and Kashmir- One of the most appealing destinations in India, Jammu and Kashmir has the world’s highest rail bridge apart from its scenic beauty and magnificent landscapes. The Indian Railways has put in efforts to construct this highest bridge and will be completing it by 2016. This bridge which is named as Chenub Bridge [...] Continue Reading »
The State government is planning to improve the rail connectivity from Bangalore to Mysore region by focusing on a rail project that was surveyed during the regime of UPA-1. The Bangalore-Chamarajnagar rail line will be put on track and the chief minister is soon going to announce financial assistance for the project. The rail project [...] Continue Reading »
The construction work on the Swastik-Yeshwantpur stretch of Reach 3 of Namma Metro has picked up pace after the Indian Railways gave a nod on November 31 last year. The Swastik-Yeshwantpur line was about to get functional by December 2012 which did not happen due to some hurdles faced by work on the Metro Bridge [...] Continue Reading »
Within the next two years, Indian Railways is planning to lease land parcels, which is 1,500 hectare (3,700) to earn more than Rs 5,500 crore, according to an official. Around 52 cities where there are surplus land parcels that can be leased out, said an authority. The commercial development of surplus land is undertaken by [...] Continue Reading »
