Railway Minister
An official from the Ministry of Railways has revealed, on the condition of anonymity, that the Ministry is nearing the finalization of a scheme under which the cash surplus of the public sector units (PSUs) working under the Ministry will be used for funding railway infrastructure projects. Under the new scheme being finalized by the [...] Continue Reading »
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 »
Railway Minister DV Sadananda Gowda is hopeful that funds from domestic and foreign investors will help him in implementing his Rs 65,000-crore plan for the Railways sector. Domestic and foreign funding is being eyed by Gowda after the Ministry did not receive the desired budgetary support from the Central government for the implementation of the [...] Continue Reading »
