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New Delhi, Mar. 11 (ANI): Railways Minister Suresh P. Prabhu on Wednesday said the 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 Rs 8.5 lakh crore projected investment in coming five years. Prabhu, who inaugurated the international conference on Railways @ 2020 organized ...

Life Insurance Corporation (LIC) will invest Rs1.5 lakh crore in cash-strapped Indian Railways over the next five years

New Delhi, March 11 (IANS): In line with the the funding programme outlined in last month's Railway budget, state-run Life Insurance Corp (LIC) on Wednesday committed Rs.150,000 crore to Indian Railways for development of various commercially viable projects.

It’s often criticised for being the world’s most crowded, congested, slowest and dirtiest railway system, a mover of 23 million people every day that gets many things wrong.

State-run Life Insurance Corporation (LIC) will invest Rs 1.5 lakh crore in cash-strapped Indian Railways over the next five years. The insurer, known for bailing out the government's disinvestment programs, signed a Memorandum of Understanding (MoU) with the railways for the committed investment.

The investment would be done in bonds issued by various railway entities such as Indian Railways Finance Corporation (IRFC), beginning next fiscal.

State-run insurance major LICtoday committed Rs 1.5 lakh crore to the Indian Railways fordevelopment of various commercially viable projects in one ofthe largest railway networks in the world.

LIC will be subscribing bonds worth Rs 30,000 crore.

* 18,785 manned and 11,563 unmanned crossings   The last point is important because more than 400 people have died due to accidents at unmanned level crossings over the last four years.   Between 2011 and 2015, the state with the most unmanned level crossings removed was Uttar Pradesh, followed by Andhra Pradesh, West Bengal, Tamil Nadu and Karnataka:     IndiaSpend had previously reported that ...

The Indian Railways, Container Corporation of India, a navratna PSU, and 17 private companies, including the Adani group, are facing investigations for evasion of service tax to the tune of Rs 1,000 crore.

The Bombay High Court has asked the Indian Railways to reconsider its policy on providing security to commuters in long-distance trains. The court was hearing a petition filed by a young woman who los...

To drive Indian Railways out ofits "troubles", Union Minister Suresh Prabhu today prescribedmarket borrowings, public-private partnerships and monetisingassets to garner Rs 8.5 lakh crore

Indian Railways on Monday became the first company in the country to provide customer complaint services on a mobile app besides providing the facility online by launching a complaint management system (Coms).

Known as a very pragmatic man with a vision, Suresh Prabhu is expected to nurse the badly sick Indian Railways back to health.

Indian Railways on Thursday said it will launch AC double-decker train service between New Delhi and Lucknow shortly.

The health of the Indian Railways in not in good shape. The Railways is facing a huge shortfall of revenue. It lacks resources.

Railway minister Suresh Prabhu's maiden budget was a surprise change with no long list of new trains, but his vision to revamp and overhaul the Indian Railways was buzzing with many innovative concepts to partner with the private sector, said Titagarh Wagons chairman J P Chowdhury in an exclusive interview with Sumit Moitra.

Indian Railways has informed the Bombay high court (HC) through an affidavit that it will not be able to provide police protection to all outstation trains owing to lack of sufficient manpower. However, the affidavit states that it will provide protection at night to trains plying on vulnerable routes.

How the Indian Railways have helped keep our filmy love stories on track

Railway Minister Suresh Prabhu on Thursday said that ensuring higher standards of cleanliness is of utmost priority for the Indian Railways.