Balasore: Man-made disaster
Financial Express Mumbai|June 11, 2023
That India cannot afford or find a full-time minister to hold the Railway portfolio tells you the sad story of the Indian Railways. Ashwini Vaishnaw joined the government on July 7, 2021. He is the Minister of Electronics and IT, the Minister of Communications, and Minister of Railways (where, it is claimed, he has been 'on the job' since June 3, 2023) better late than never
P Chidambaram
Balasore: Man-made disaster

SINCE FRIDAY, JUNE 2, 2023, the most discussed issue in the country is the accident at Balasore involving three trains (two moving passenger trains and one stationary goods train). All facts concerning the accident point to one conclusion: it was a man-made disaster that was waiting to happen.

A suspicion has been sowed by the government that there were mischiefmakers behind the tragedy. Maybe. If there were mischief, it was not the only one. Mischief means harm, damage, injury. There is a long list of acts of omission and commission in the last nine years that contributed to the accident that has cost 275 lives and wrecked the lives of hundreds of families.

Misplaced priorities

1. On average, the Indian Railways (IR) carries 2.2 crore passengers a day, mostly people belonging to the poor and middle classes. Their travel is subsidised. However, except the subsidy, the IR is biased in favour of the rich. The result: priority for new trains over track maintenance and renewal; Vande Bharat and Tejas trains over capital expenditure on signaling and telecommunication; vanity projects (Bullet Train) over filling of the humongous number of vacancies in sanctioned posts; and speed over safety.

2. Of the total capital expenditure of ₹1,39,245 crore in 2020-21, the amount spent on "Track Renewal' was 8.6% and on 'Signaling and Telecommunication' was 1.4%, showing the low priority to matters that are crucial for safety. The percentages are estimated to be 7.2% and 1.7% in the Budget of 2023-24.

Diese Geschichte stammt aus der June 11, 2023-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der June 11, 2023-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS MUMBAIAlle anzeigen
Financial Express Mumbai

Murdoch ally helps Ambani build media empire in India

SOHEE KIM PR SANJAI

time-read
3 Minuten  |
April 18, 2024
Financial Express Mumbai

Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?

GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

Nestle adds sugar to infant milk and cereal, finds report

A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

India-made Daimler's electric mini truck to hit the road soon

INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.

time-read
2 Minuten  |
April 18, 2024
Samsung eyes ₹10,000 cr from India TV biz this year
Financial Express Mumbai

Samsung eyes ₹10,000 cr from India TV biz this year

SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Microsoft AI Copilot speed boost for coding

WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

US, China debt pose risks for global public finances: IMF

THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Language models in consumer tech

This move is designed to ensure better user experience & privacy

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

'Data centres' energy use doubles every four years'

Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

Vi FPO: Foreign players invest big; about ₹5,400 crore raised

GQG, Fidelity buy almost 40% of the anchor investor portion

time-read
1 min  |
April 18, 2024