Category Archives: Finance

Indian Railways to set up Business transformation Council to increase private investors, says Suresh Prabhu

Indian Railways will set up a business transformation council (BTC) to enhance partnership with private sector investors and raise efficiency and speed in implementing the $134 billion (Rs 8.5 lakh crore) projected investment in coming five years, Indian Minister for

India encourages FDI in railway sector

Indian ministry of railways has issued Sectoral guidelines for Domestic/Foreign Direct Investment (FDI) in November, 2014, minister of state for railways, Manoj Sinha said on March 9, 2015. The following areas have been identified for Private/Foreign Direct Investment: (i) Suburban

Indian Railways revenue up 12.93 per cent during April 2014 to Feb 2015

Indian Railways, world’s fourth largest railways network has recorded a 12.93 per cent increase in revenue earnings on originating basis during April 1, 2014 to February 28, 2015 at $22.68 billion (Rs 142358.27 crore) compared to $20.08 billion (Rs. 126064.06

Indian Railways to invest $532BN, says Suresh Prabhu

Addressing the CII National Council meeting recently, Suresh Prabhu, Minister of Railways mentioned that huge investments required to achieve the ambitious targets of investments to the tune of $532 billion (Rs.8.5 lac crores) would be made available through the use

Indian Railways budget plan up 52%

The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced that the size of the Plan Budget has gone up by 52% from Rs. 65,798 crore in 2014- 15 to Rs. 1,00,011 crore in 2015-16. Support from the Central Government