Citizens' Issues
208 trains cancelled since May 21 due to Gujjar agitation

Railways authorities said the track bears the major traffic between south and north zones of the Indian Railways

 

At least 208 trains have been cancelled and another 109 diverted on alternative routes on the Kota-Mathura track until Wednesday due to Gujjar community's agitation in Rajasthan.
 
Railways authorities said the track bears the major traffic between south and north zones of the Indian Railways.
 
Train cancellations and diversions have led to an unprecedented level of cancellations of reservations, revised reservation requests and enquiries, said the authorities. 
 
"It may be noted that since the agitation started (on May 21), more than 1.9 lakh cancellations are being done daily against 1.1 lakh cancellations being done normally by IRCTC website (railway booking website)," they said in a statement.
 
The IRCTC website reported malfunctioning due to the sudden surge of traffic. The number of hits between 10-11 a.m. which are normally in the range of 10 million had went up to 22.3 million since the beginning of the agitation and touched the peak at 30 million on May 22.
 
"IRCTC website is not geared for such abnormal increase of traffic and hence the reported problems," the statement said.
 

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COMMENTS

Narendra Doshi

2 years ago

Where are the Railway Minister Mr. Prabhu's long term & short term solutions publicity on this. I myself was a victim for N Delhi-Mumbai Rajdhani and paid exorbiently through my nose for an Business class air ticket at astronomical TEN TIMES an average ticket cost.

VSNL former CMD BK Syngal hits out at TRAI ex-chiefs Baijal, Misra
In a series of tweets, Syngal alleged that Pradip Baijal and Nripendra Misra, both former chief of TRAI causes scams, one the 2G and the other converting limited to unlimited mobility causing colossal losses
 
BK Syngal, former chairman and managing director of erstwhile Videsh Sanchar Nigam Ltd (VSNL) has accused Pradip Baijal and Nripendra Misra, both former chiefs of the Telecom Regulatory Authority of India (TRAI) of aiding private telecom operators.
 
In a series of tweets, Syngal said, " (Two) 2 TRAI Chairman think they are holy cows. Nay, both caused colossal losses, one in 2G the other bypass in ILD traffic by flawed regulation."
 
Interestingly, Baijal in his self-published book "The Complete Story of Indian Reforms: 2G, Power and Private Enterprise-A Practitioner’s Diary" alleged that former Prime Minister Manmohan Singh had asked him to cooperate with former Telecom Minister Dayanidhi Maran because non-cooperation could compromise the UPA government. 
 
Here are the tweets from Syngal, the former CMD of VSNL...
 
 

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Nifty, Sensex still weak. Bank Nifty shows some strength – Wednesday closing report
If Bank Nifty can strengthen above today’s high it could target 18,650
 
We had mentioned in Tuesday closing report that NSE’s CNX Nifty will turn higher if it manages to stay above 8,300. The 50-stock index moved in the red for most of the session Wednesday. Among the various efforts to move higher, the benchmark twice managed to reach up to yesterday’s close but moved lower thereafter. 
 
The S&P BSE Sensex opened at 27,447 and moved in the range of 27,364 and 27,596 before closing at 27,565 (up 33 points or 0.12%). Nifty, which opened at 8,303, moved between 8,278 and 8,343 and closed at 8,335 (down 5 points or 0.06%). On the contrary, Bank Nifty except for the trading in the red at the beginning of the session moved higher and closed highly in the green. Bank Nifty opened at 18,300 and moved from the low of 18,236 to the high of 18,562 and closed at 18,539 (up 210 points or 1.14%). NSE recorded a volume of 69.37 crore shares. India VIX rose 1.26% to close at 17.2825.
 
On Thursday, NSE will witness a higher volatility on account of expiry of futures and options (F&O).
 
The Reserve Bank of India (RBI) is scheduled to announce its second bi-monthly monetary policy review for the year 2015-16 on 2 June 2015. It is likely to cut policy rates by 0.25% in its upcoming policy review meet next week, a Citigroup report said Wednesday.
 
Citigroup has slashed its long-term iron ore price forecast by 32% from $ 81 per tonne to $55 per tonne, predicting global demand led by the top consumer, China, will contract from 2018 to 2025 while low-cost output will rise.
The rupee dropped below the 64 mark, falling 17 paise, to quote at 64.15 against the US dollar in early trade today.
 
The Indian government has said that FIPB's approval will not be required for merger and acquisitions in sectors, where FDI is allowed under automatic route, a move aimed at further improving the ease of doing business in the country.
 
Infosys CEO and Managing Director Vishal Sikka said that the management's mission is to prepare the company for realising $20 billion revenue by 2020.
 
India will become self-reliant in urea and fertiliser in the next four years and is aiming to become the steel hub of the world, Union Minister for Chemicals and Fertilisers, Ananth Kumar said. However, this is unlikely to happen because it still takes enormous time to start and expand businesses in India.
 
Coming back to stock markets, Wockhardt rose 10.67% to close at Rs 1,575.05 on the BSE. The stock was the top gainer in ‘A’ group on the BSE. It was in news as the Exchange sought clarification from the company with reference to the news appeared in media mentioning that its US FDA has completed inspection of its both Waluj, Chikalthana facilities.
 
Tech Mahindra fell 14.24% to close at Rs549.35 on the BSE. It was the top loser in ‘A’ group on the BSE, after it posted weak March 2015 quarter result after-market hours on Tuesday.
 
BHEL today gain was the top gainer in Sensex 30 pack. It rose 3.34% to close at Rs249.05 on the BSE. Tata Motor fell 5.12% to close at Rs471.65. It was the top loser in the Sensex pack.
 
On Tuesday, US indices closed deeply in the red. Richmond Federal Reserve Bank President Jeffrey Lacker, who is a voter on this year's Federal Open Market Committee, said yesterday that he still hasn't decided whether to vote for an interest-rate increase at the central bank's June 16-17 meeting.
 
Asian indices closed mostly in the red. Shanghai Composite (0.63%) was the top gainer while Seoul Composite (1.68%) was the top loser.
 
Inflation in Japan will not hit a sustained 2% pace this year and any pickup in prices could take considerable time, the Bank of Japan (BoJ) said in minutes of its April board meeting released.
 
European indices were trading in the green. 
 
US Futures too were trading higher. 
 
Greece's finance minister, Yanis Varoufakis, yesterday said that Athens will be able to make its next payment to the International Monetary Fund on 5 June 2015 because it will have reached an agreement with its creditors by then. Greece is scheduled to repay euro 1.6 billion ($1.76 billion) to the IMF between June 5-19.
 

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