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    Railways unable to cope with demand from passenger segment

    Synopsis

    The Indian Railways is now looking at a 'quantum jump' in infrastructure.

    The Indian Railways is now looking at a 'quantum jump' in infrastructure.
    The Indian Railways is unable to meet the demands from the passenger segment, VK Yadav, Chairman Railway Board said today, pointing out the capacity constraints of the national transporter.

    Yadav said that the loss of revenue in the passenger segment is adversely affecting the freight services.

    "I have no hesitation in accepting that we are not able to cope up with the demand in the passenger segment, and even in freight," Yadav said at the CII Rail Connect conference here on Wednesday.

    Yadav said that land acquisition and forest clearances remain the biggest roadblocks for completion of projects.

    "If we talk in the real business sense, we are losing money in the passenger segment and that is creating problem for the freight business," Yadav added.


    The Indian Railways is working on doubling, tripling of lines which will be done in a planned manner, to meet the capacity constraints, Yadav told ET on the sidelines of the event.Yadav also said that the eastern and western dedicated freight corridors, expected to be complete by next financial year, will help address the issue.

    Yadav said that the national transporter is cross-subsidising the loss by increasing the freight rates.
    "If we have the freedom to fix up the rate of passenger fares, we can even rationalise freight rates," Yadav said.

    The Indian Railways is now looking at a 'quantum jump' in infrastructure and is trying to capture the loss of opportunity in the last 25 years, Yadav said.

    In the Budget for 2019-20, Finance minister pegged the investment in railways infrastructure at Rs 50 lakh crores between 2018 and 2030.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    16 Comments on this Story

    Venkatasubbaiah Basaralu394 days ago
    please add TIME FRAME PENSION for land losers. Instead of paying amount in go ,there are lot of advantages to the govt as well as land losers.it would be WIN ,WIN SITUATION FOR BOTH.LOSER WILL ACCEPT PENSION SCEME AS they are fed up running with middle man from KRDL Office and other agencies to get compensation. Any way you get Toll amount and paying pension for twenty to twenty-five years will not become difficult.Thing Is it should reach the Govt corridors,and mindset to act and convience the land losers.Quantum jump in infra can be seen within 18 months.In addition Govt. has to fix time frame of 15 days to clear files in the offices and award can be directly go by DBT mode.Corruption will wipe out.
    Basaralu Venkatasubbaiah
    Marimuthu Kaliyamoorthy394 days ago
    RAILWAYS THE TRANSPORTER STILL IN 1960S NOT READY TO MEET THE DEMANDS OF PASSENGERS. PASSENGERS ARE NOT BEGGING. INSTEAD THEY ARE READY TO PAY AS DEMANDED/FIXED/CHARGED BY THE TRANSPORTER. FIRSTLY THEY HAVE TO DOUBLE THE LINES ESPECIALLY BETWEEN VILLUPURAM TO MYLADUTHURAI SEGMENT WHERE RUSH OF PASSENGERS 24X7 IS THERE. WHY THE TRANSPORTER SHOULD NOT EMPLOY A COMMITTEE TO OVERSEE THIS WORK AND MEET THE DEMANDS OF PUBLIC. IN THE CURRENT SITUATION OF SLOW/LAGGING IN ALL SECTORS, RAIL TRANSPORTER/LOGISTIC IS BOOMING. BUT RAIL DEPARTMENT HAS TO GET UP FROM THE SLUMBER AND COME FORWARD TO UTILIZE THE OPPORTUNITY AND SERVE THE PEOPLE OF ALL AGES.
    Achan Kunju394 days ago
    How many free passes per year you are providing to railway employees. Since somebody joins railway is his right to enjoy benefits more than what govt provides to others employees in other departments
    The Economic Times