FDI in railways: Three global cos bid for setting up loco factory

Last Updated: Monday, August 31, 2015, 23:02

Marking first major FDI offer in the railways, three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost of nearly Rs 1300 crore.

Railways to declare quarterly numbers; Q1 CAPEX soars 134%: Prabhu

Last Updated: Monday, August 10, 2015, 17:47

In a first, the Railways has decided to declare its quarterly financial numbers for three months till June, which shows that the national transporter's capital expenditure soared a whopping 134 percent to Rs 17,734 crore from the projected Rs 13,231 crore.

Decision on bullet train after feasibility report: Prabhu

Last Updated: Saturday, June 27, 2015, 19:15

"Once the feasibility study is examined, we will again take a decision on that," the minister said, after initially ducking questions on the bullet train issue.

Suresh Prabhu woos expats to join Make in India programme

Last Updated: Sunday, June 21, 2015, 20:19

Lauding the contribution of Keralites working in the Middle East to Indian economy, Railway Minister Suresh Prabhu Sunday asked them to invest in the productive sectors of the state and suggested a 'gharwapsi' programme to bring back successful entrepreneurs.

Railways to launch new projects worth Rs 10,000 cr: Suresh Prabhu

Last Updated: Wednesday, June 3, 2015, 19:21

New projects worth over Rs 10,000 cr will be launched and several old projects will be completed by Railways during its ongoing fortnight programme, Union minister Suresh Prabhu said Wednesday.

Centre planning bullet trains when people travel like 'cattle' in locals: Trivedi

Last Updated: Tuesday, May 19, 2015, 18:25

Former Railway Minister Dinesh Trivedi Tuesday took a swipe at the Centre's bullet train project, saying it should care about the suburban local commuters first, who are forced to travel like "cattle" in peak hours here.

Prabhu explores ways to mobilise resources for railways

Last Updated: Monday, May 18, 2015, 21:26

With an investment target of 8.5 lakh crore in five years, Railway Minister Suresh Prabhu Monday discussed with leading bankers the ways in which resources could be mobilised for rail infrastructure development.

Prabhu seeks support of political parties to pass GST bill

Last Updated: Sunday, May 17, 2015, 16:13

Railway Minister Suresh Prabhu has sought support of all political parties to make India the single largest market in the world by implementing the Goods and Service Tax (GST) in the country.

No privatisation of Railways: Suresh Prabhu

Last Updated: Sunday, May 3, 2015, 15:09

Notwithstanding recommendation by government panels, Railways Minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a "bogey" being raised by those who do not want any change.

States to be involved in execution of rail projects: Prabhu

Last Updated: Tuesday, April 21, 2015, 23:02

With an aim of making railways an engine of growth, Railway Minister Suresh Prabhu Tuesday vowed d to involve states in execution of projects as he pitched for big investments for the turnaround of the "bleeding" and "sinking" largest transporter of the country.

'Independent regulatory body crucial for turnaround in Railways'

Last Updated: Sunday, April 5, 2015, 17:31

The committee, in its interim report, has recommended that RRAI should have the powers and objectives of economic regulation, including, wherever necessary, tariff regulation, safety regulation and fair access regulation.