Modi government set to end SAIL’s ‘steel’ monopoly in rail tracks, eyes private suppliers :
Indian Railways is considering ending state-owned Steel Authority of India Ltd’s (SAIL) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters. The vast state rail operator is undergoing a $130 billion, five-year overhaul to modernise the world’s fourth-largestnetwork, which is blighted by ageing track and saturated capacity.
The government has also launched a $15 billion fund to improve rail safety. Train accidents due to track defects have risen 25 percent in the last two years, the railway ministry told parliament last week (read more)
Hinterland ICDs to be Affected with Scrap Imports Affirmed to Only 14 Seaports :
The government in recent public notice served, reduced the number of assigned ports to just 14 for scrap imports, which will disable about a dozen of Inland container Depots (ICDs) from this service. Previously, such imports were valid through 26 ports and ICDs across the country.
Under the commerce ministry, the Directorate General of Foreign Trade (DGFT) has said that imports of scraps will be restricted to fewer ports with no exceptions even for special economic zones and export oriented units (EOUs) (read more)
‘Want to build one of India’s biggest airport in Hisar’ :
Haryana government on Tuesday informed the Punjab and Haryana High Court that it is in the process of developing an international airport in Hisar and making an integrated aviation hub which could reduce Delhi airport’s air traffic.
Appearing for the Haryana government before a division bench headed by Justice SS Saron, Additional Advocate General Randhir Singh also placed on record the letters addressed by Haryana Chief Minister last year to the Union Civil Aviation Minister to ask the Airport Authority of India as Integrated Aviation Hub.
The Chief Minister had conveyed to the Aviation Minister that Hisar Aerodrome was having 194 acres of land and the state government had identified an additional land of 3,200 acres adjoining the aerodrome for airports development (read more)
Indian Railways plans to roll out an integrated software ‘One ICT’ :
In a major IT initiative, Indian Railways is planning for an integrated software, a first-of-its-kind for the national carrier, for faster data collection and analysis.
Various functions of the railways such as passenger reservation, movement of goods trains and asset management will be brought within the domain of the software. The software is names ‘One ICT’, and it would cost about Rs 5,000 crore over the next five years enabling data collection at sources with minimum handling. It also becomes the single source of validated and authentic information for the rail sector (read more)