Plans to boost railway receipts likely in FY26
Financial Express Kochi|December 30, 2024
Vande Bharat sleeper trains, revival of PPP on the cards
MANU KAUSHIK

THE SURGE IN budgetary allocations in recent years has accelerated the pace of the railways' capacity building and the overall modernisation of the country's rail transportation infrastructure. However, whether this will be enough to generate the revenue streams needed to gradually reduce reliance on taxpayer money will depend on tariff policies, the ability to attract more passenger and freight volumes, and securing a critical level of private investments.

The national transporter is working on multiple projects that will boost the passenger segment revenues. For instance, the government is expected to launch Vande Bharat sleeper trains in 2025 which will provide greater comfort over long- and medium-distance journeys. At present, 10 Vande Bharat sleeper trains are under production with the first prototype to undergo field trials shortly.

Simultaneously, the railways is planning to roll out more Vande Metro trains (renamed Namo Bharat Rapid Rail) to cater to short-distance travel. Launched in September this year, the Vande Metro trains go beyond regular metro services, offering inter-city connectivity with modern amenities and an enhanced passenger experience.

هذه القصة مأخوذة من طبعة December 30, 2024 من Financial Express Kochi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 30, 2024 من Financial Express Kochi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS KOCHI مشاهدة الكل
Financial Express Kochi

Sebi Relaxes Settlement Norms for Dormant Accounts

SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

PSBs turn net sellers of govt securities

STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

RBI should ease its tight grip on rupee, says Viral Acharya

FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Rupee at lifetime low as equities slide; tilt bearish

THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

PSBs' share in 'fair value' investments declines, private banks report gains

STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Bank shares plunge up to 8% amid weak business updates

Historically, the third quarter is not a great one for banks

time-read
1 min  |
January 07, 2025
Financial Express Kochi

D2C firm Frido set to be ₹200-cr brand

ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Former executives at OYO, upGrad launch mobility platform

MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Adani Group lines up petchem foray

Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV

time-read
1 min  |
January 07, 2025
Financial Express Kochi

RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market

● Beverage to rival Tata Consumer, Dabur products

time-read
1 min  |
January 07, 2025