The production of the Vande Bharat train sets or Train 18 has been mired in controversy even as the first one was rolled out by ICF in record 18 months

Railways may record just 10-15 per cent of the passenger segment revenue in the ongoing fiscal as against Rs 50,000 crore last year, Railway board chairman Vinod Kumar Yadav said

The Railways also instructed that all file work be moved to the digital sphere and advised that all correspondence must be done through secure e-mails and asked them to reduce the use of stationery articles, cartridges and other items by at least 50 per cent

Railways Board Chairman VK Yadav said that a railway regulator would be created before the rollout of private passenger trains in 2023. Once the dedicated freight corridors are ready, Railways would bring in private freight operators

Minister of Railways Piyush Goyal reviewed the steps to promote Make in India products in procurement process of Indian Railways as well as government of India

Bangladesh had sent a proposal to India in April last year for procurement of these locos, with 72 per cent of its present ones already crossing their economic life

Nirmala Sitharaman said that better performance of CPSEs can help the economy in a big way to recover from the impact of coronavirus

According to V K Yadav, chairman of the Railway Board, an investment between Rs 5000 crore and Rs 6,642 crore is expected for the New Delhi Railway Station while the CSMT is expected to get Rs 1,642 crore

Share price of IRCTC gained 3% to Rs 1,443 intra day against previous close of Rs 1,401 on BSE

For the January-March quarter of FY20, IRCTC profit surged 79.3 per cent to Rs 150.6 crore as against Rs 84 crore in the year-ago period

Railways has begun the formal process to allow private companies to run 151 modern passenger trains on 109 pairs of routes across the country

The high capital expenditure in rolling stocks and operational costs of running trains would make road to profitability an arduous journey for companies interested in Indian Railways' privatisation push

This development comes a day after the Railways issued a letter asking its GMs (general managers) to axe 50 per cent vacancies and hold creation of new posts

Railway Board chief Yadav reiterated that all train sets and coaches under this initiative will be procured under Centre's Make in India policy and majority of the coaches will be manufactured in India

Railway Board Chairman VK Yadav said that private participation in passenger train operations will only be 5 per cent of the existing 2800 Mail/ Express trains operated over Indian Railways network

The Railways achieved this feat at a time when only limited numbers of trains are running in wake of nationwide lockdown to contain the spread of coronavirus

Former Railway Board Chairman Arunendra Kumar said that the project could take 3-5 years to take off given that the private parties will procure rolling stocks and then it will need to be certified for safety

The IRCTC, in a letter, dated June 25, informed all its zonal offices that there was no requirement for these contractual workers under the present circumstances and they be given one month notice and their contracts terminated

Share price of IRCTC lost 5.65% or Rs 80 to Rs 1,341 against previous close of Rs 1421.35 in early trade on BSE

However, all special trains -- 15 pairs running on the Rajdhani routes since May 12 and 100 pairs of mail/express trains operating since June 1 -- will continue