Skip to main content

Indian Railways to Roll Out Private Trains

In a bid to provide cutting edge technology, better amenities and services to passengers, the government may soon start leasing out its passenger corridors and branch lines to private players on several important routes like Delhi-Mumbai and Delhi-Howrah. This will be codifying the first step towards privatisation of the world's fourth largest rail network. The railways will have 150 private trains with 16 coaches each by 2024.
Private operators might even be allowed to bring in their own loco-drivers certified by the IR for security and safety reasons. An investment of Rs. 16000 crores is expected from private operators for the privatisation of trains. There is no doubt that the IR’s financial capacity continues to be a concern as its earnings have not flourished. The trains are estimated to reach 160 kmph on some chosen routes. The operators of the trains will be deciding the fares.


The introduction of private passenger trains, however, is not going to be easy considering the potential opposition from railway trade unions and political parties. Though the IR has for the last 13 years allowed private players to operate container trains on its tracks, the very words “privatisation” and “private train” are not well received amongst a section of the railway fraternity. They have to convince its own workers and trade unions that getting private trains won’t rob them of their jobs.
Yet, the deployment of 150 technically superior and faster train-sets will give the IR a facelift. After all, if one Vande Bharat Express had caught the imagination of the entire nation, imagine what 150 stylish ones will do.

Comments

Popular posts from this blog

Past makes present: Elon Musk 's anti union tweet

Who would have thought that a tweet made in 2018 will cause hassle in someone’s life in 2021. We are talking about none other than Mr. Elon Musk, CEO of Tesla, Inc. He needs no introduction but more than him, his tweets are famous. Elon Musk has been seen tweeting sharp and blunt statements very often but this time he faced serious repercussions as well. Swami Vivekananda rightly said that the present is determined by past actions. It all started in 2018 when Elon musk is his tweet, wrote: “Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.” This tweet came in the limelight in 2021 when National Labor Relations Board found it oppressive and threatening. As per NLRB the tweet by Mr. Elon Musk was unlawfully threatening the employees with the loss of stock options if they decided ...

Russia’s Melting Snow May Cost the World Economy 2 Billion Dollars

The impact of climate change on a vast permafrost area of Russia has become a principal apprehension for the country. This is primarily due to thawing of once permanently frozen ground which covers more than half of Russia. The liquefication of snow is putting buildings, pipelines and other infrastructure in peril. This problem needs to be addressed imperatively because the scale of damage will escalate every year. Rising temperatures are the epicentre of anxiety for mining, oil and gas companies. The permafrost area accounts for 15% of Russia’s oil and 80% of its gas operations. It is also home to miners including MMC Norilsk Nickel PJSC, the biggest refined nickel and palladium producer. Multiple new craters have been found in the gas-rich Yamal region, which is a risk to pipelines. By 2050, global warming may jeopardise about a fifth of structures and infrastructure across the permafrost area, costing about $84 billion. Residential real estate, worth $53 billion, might be als...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...