Inflation gets to the core, project costs may go up

Inflation gets to the core, project costs may go up

A sharp spike in prices of steel and cement coupled with a rise in wages will likely push up the cost of key government-funded infrastructure projects in highways, railways and low-cost housing sectors. Officials in the ministries of housing and urban affairs and road transport and highways said contractors had approached the respective ministries to … Read more

Railway land use policy may be tweaked for Concor selloff

Railway land use policy may be tweaked for Concor selloff

The government is likely to tweak the railway land use policy and reduce the land licensing fee (LLF) for industrial use to 3.5% from 6%. The move is expected to facilitate strategic divestment of government-owned Container Corporation of India Ltd (Concor) by making the deal more lucrative for players. The proposed reduction in LLF was … Read more

Centre sets up empowered group of secretaries to monitor PM Gati Shakti roll out

photo

The government on Monday said it has constituted an empowered group of secretaries (EGOS), headed by the cabinet secretary, which will be a monitoring mechanism for the development and implementation of the PM Gati Shakti National Master Plan. In a notification, the commerce and industry ministry said this 20-member group will set out procedure and … Read more

Railways to begin recruitment process for 1.40 lakh posts in three categories from December 15

photo

New Delhi: The Indian Railways will start conducting computer-based examinations for around 1.40 lakh posts from December 15, Railway Board Chairman V K Yadav said Saturday. Around 2.42 crore applications have been received for these posts, he said. These are, 35,208 posts in non-technical popular categories (NTPC) like guards, office clerks, commercial clerks and others, … Read more

Undeterred by COVID-19 crisis! Indian Railways begins work on 4 more freight corridors

photo

NEW DELHI: The Indian Railways has begun initial work on four more dedicated freight corridors in the country, although the eastern and western freight corridors being currently implemented have been pushed back by six months due to Covid-19. “Survey has been started for four more corridors, and we are planning to complete them by 2030. … Read more

After NITI’s questions, Railways says 29K-30K died due to ‘trespassing, untoward incidents’ in 3 yrs

photo

NEW DELHI: The Railways Thursday said around 29,000-30,000 deaths occurred due to “trespassing and other untoward incidents” on its premises in the past three years, after the Niti Aayog raised questions over its zero fatality claim in the last fiscal. Railway Board Chairman VK Yadav‘s clarification came days after Niti Ayog CEO Amitabh Kant took … Read more