E. Sreedharan: Railway Board Needs To Shed Some Of Its Executive Powers

Rail is the nation's Lifeline. It has been doing an excellent service so far. However, the progress of the global railway technology has not kept pace with it. Today, I want my family to send a bound on the number of train accidents in the river. Thus, it is very urgent need to improve railway safety. The class will be the real world, the Indian Railways will also need to improve his speed.

Security for, Railway urgently automatic signal system, which is about 80 per cent, by the security [and they are] necessary to support the development of the country to install. This system also allows the line to run more trains, the overall effectiveness of the contribution of the network. Railway level crossings with bridges than we need to be replaced. Now, since the level crossing accidents, including more than 300 people died every year.

Good speed, the railway line to passenger traffic to disaggregate the goods. Dedicated transport corridor project is already a step in the planning and the right direction. Similarly, the number of places on the country, will create an additional line carrying freight. There are high-speed trains and the transit time required for a pilot project to improve Kerala is already in progress. The speed of cargo trains will be improved to about 70 kmph 120 kmph.

The issue of passenger comfort and overall health. Install toilet train a huge eyesore, and we will use as much as the plane moved to the discharge side of the toilet. To provide better passenger comfort passenger trains that should be a good coach. The decision to implement this concept has been quickly and efficiently.

The slow speed of the decision taken by the Railway Board. The centralized control of the Board. There is general director and other officers delegated powers to protect the ability of railroads to be improved. I support rail corporatising I do not. It is a service organization and therefore should be controlled by the government. However, the organization has to be run on business lines.

Many railways have undergone a process of global privatization. But fortunately, the Indian Railways is still controlled by the government. If you try to study the privatization of the railway sector, the rapid pace of modernization, even though they have been managed, the role of rail transport sector, such as the location of the duty of notification to be coming down.

However, Railway Board, structural reforms are needed. The Executive Board of the Ministry as well as today. Board of the Ministry for the need to preserve its role and exercise its powers to the executive. The Board requires that each tender will be floated by the Ministry for approval. The decision to create a balanced system, which in turn, equipment and the time delay causes significant increases in project completion.

In addition to commercial interests, in line with today's decision that the railroad bureaucracy is not needed. IRCTC to supply more than the transfer of charge, for example, from a fine day to take the decision. If you have a special organization in charge of running a particular business, as it needs to be given assistance. Political interference in day to day concerns and other officials of the spine and will argue their point.

My opinion, Railway Board, zonal railways and the ability to delegate authority to order something that modernises and its effectiveness and safety of the railway is required to play.



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Indian Railways need many kinds of modernisation, not just fare hikes

Adviser to the Prime Minister's report, has recommended raising passenger fares and rail tariffs linked to inflation next year. The first part is not entirely, to the second, not so much. Rates and commodity costs and production, which is competitive, managerial skills and investment in technology and modernization will be reflected affected. Rent and the value of frequent revisions, warranted removal of the wholesale price index is a price index is not specified by the two events.

Railways' share of the cost of fuel is required to be fully passed on, but it's entirely possible to reduce system-wide efficiency improvements, costs and other factors, it will help with rent / pack a number of changes which may differ from the general price index. Passenger fares are heavily government-and eight-year-old not to have been raised, the train is meant to replace the old resource to draw heavily under strain.

As a compromise, is inadmissible on security. Large investment and modernization of rail service quality should be improved. The new rolling stock, track renewals and electrification of more money to spend and invest in a computerized signal system should be particularly high-speed operations. Stepped-up investment is possible only when a financial firm. Therefore, an important reform, from the upper class lower class of goods and passengers are subsidizing passenger practice. Pitroda panel recommends reforms has been good on several fronts.

The freight revenue and improved operating cost cutting. Surely, a goods movement in the rail freight rates untouched will not garner a larger share. Therefore, it is to break new ground in the road freight competition. A predictable time schedule for freight trains from running, but by successive railway ministers who have been treated like the holy grail is not rocket science. Moving ore and coal products, including the huge investment and revenue, and it is not possible to port. Encouraging private sector yards of rope rolling stock, land and air space and commercialize. The main thing is to have a reform agenda that is proactive.



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Indian Railways keen to take up Kerala project

Indian Railways to accept India's first high speed rail corridor project in Karnataka State of Kerala Managalore to the left of the link-up capital has expressed interest.

Vinay Mittal, Chairman, Railway Board, the expression of interest from high-level meeting with Prime Minister Dr. Manmohan Singh, New Delhi and Kerala government came at the request of the office yesterday.

"Indian Railways, said they were interested in the project because it was the first high-speed rail corridor in India. Railway Board has asked the federal cabinet," said P. Prabhakaran, in Kerala, who was present at the meeting, the Chief Secretary, Pulok Chatterjee, Principal Secretary of the session chaired.

North and South high speed rail corridor (HSRC), which is Kerala's 'Financial Lifeline' as it is developed, a PPP (public private partnership) project was originally planned. However, the meeting was a consensus that it is a risk that such a state, and the Japanese Equity Fund may be created in the center.

E Sreedharan, Delhi Metro Development Corporation (DMRC), which is managed by a former chairman of the feasibility study, it was felt that the project of opening up federal funds needed to go.

DMRC has been asked to submit a detailed report within six months of the project. Kerala Planning Board members, the 'Metro Male' on both high-speed state of the port city of Kochi Metro corridor and provide advice on the state government.

"State and Centers and is a special purpose vehicle of the government to go phandim a proposal for the combined companies. But this is not it," said T-Balakrishnan, chairman and managing director of the Kerala High Speed ​​Rail Corporation.

Non-resident Indians from the Fund for the project, Balakrishnan said that the state has been suggested - such as the Cochin International Airport Limited, which is more than 10,000 investors from 30 countries, which share Rs10-Rs500 did not reside there now.

However, there is a rail corridor, which is more than Rs1, 000bn doubt about the huge investment required to live outside the immediate profitability with a government grant aid for the PA. They argue that private participation in infrastructure development in India with a failed model.

The first phase, Kochi, Thiruvananthapuram, with a length of 194km from the March for an estimated cost of the project, Rs433bn.



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Indian Railway Finance Tax-Free Bond Issue to Open Jan. 25

Indian Railway Finance Corp. From January 25 to 50 billion Rupees in a public issue will be on sale by the tax-free bonds to raise up the plan, three people familiar with the matter said on Wednesday.

Indian Railways will be the financing arm 10 sales - and 15 year bonds with a coupon of 8.15% and 8.30%, offering, respectively, for retail investors, people said, asking not to be named.

Coupon 8.00% and 8.10% for investors in other categories, respectively, are fixed. Of January 31 attempts.

The capital of the Company on January 10 - The market regulator to sell 63 billion in money from the tax-free bonds to raise by a prospectus filed with. The amount of rest, plan, through a private placement of about Rs 13 billion, two of the people.

Indian Railway Finance and the Ministry of Finance has increased by 100 billion tax-free sale of bonds authorized by the fiscal year through March 2012. There are also approved by the Housing and Urban Development Corp., Or Hudco, Power Finance Corp. And the National Highway Authority of India, such as the sale of bonds.

The government does not tax income from interest on this machine, it starts from the infrastructure sector in India in April to five years, as much as $ 1 trillion spending plan will try to attract investment.

Last week, Hudco to increase the money is tax-free bonds, 46.85 billion will be launched on January 27 an issue.

100 billion in tax-free bond issue taken up by the highway authority and Accounting 50 billion in money from investors, both by the size of the issue of excessive demand.

SBI Capital Markets Ltd., AK Capital Services Ltd. and ICICI Securities Ltd is the issue of Indian Railway Finance. Indian bank trustee for bond holders.

Your AAA / stable rating by Crisil and AAA by ICRA as the best in service.



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Railway safety, modernisation reports delayed

The two high railway safety and modernization, the former Atomic Energy Commission chief Anil Kakodkar, and the head of the National Innovation Council headed by Sam Pitroda, respectively, driven on the committee, it got late, sources said Tuesday.

Both the panel announced by Railway Minister Dinesh Trivedi September 2011 was expected to be submitted within three months of their report.

Kakodkar said the panel headed by a source that has been asked for more time, Pitroda's panel report will be submitted next month.

They added that the national transport and the need to modernize the way it is a specialist team with many high-tech security for the publisher.

Trivedi railroad "zero tolerance" safety standards similar to nuclear power plants and space technology, said the organization was aiming for.

Security panel, which is the former chairman of the E Sreedharan of Delhi Metro, the technical aspects of security in addition to the audit will focus on human resource development.

Sources said the accident in July last year, Kalka Mail, Uttar Pradesh, in which 70 people were killed, and the trains run between Arakkonam in Tamil Nadu in September 2011, in which 10 lives were lost, an Indian, "Holistic assessment of safety" requirement of the railway.

However, the Railway Minister, "the security of zero tolerance," the source of a lot of attention to the Railway Safety Review Committee, who in 1998 set by Justice HR Khanna, a Retired Supreme Court judge had given up the goal.

Accordkng a source from the previous decade, the average total number of passenger and freight trains daily run Indian Railways' system, 30 percent, up from about 14,000 to about 19,000, was a passenger train with more than 12,000.

Pitroda's panel on the track, signals, stock, stations and terminals, rolling, it will focus on broader management issues.

Committee of the Public Private Partnership (PPP) in the process of management, command and should be expected on an unused railroad assets.



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