Companies & Sectors
Opto Circuits launches new cardiac device in Europe

The company's automated external defibrillator 'Powerheart G5' is designed to provide effective life saving aid to a person who has suffered sudden cardiac arrest

New Delhi: Medical equipment maker Opto Circuits on Monday said it has launched its automated external defibrillators under the brand 'Powerheart G5' in Europe, reports PTI.

The company's subsidiary Cardiac Science Corp has launched the product which is designed to provide effective life saving aid to a person who has suffered sudden cardiac arrest (SCA), Opto Circuits said in a filing to BSE.

Commenting on the development Opto Circuits chairman and managing director Vinod Ramnani said: "The Powerheart G5's combination of life saving features and intuitive controls will appeal to current and new customers in work places, public spaces and emergency services".

Automated external defibrillators (AEDs) are portable medical devices that diagnose life-threatening abnormal heart rhythms, or cardiac arrhythmia, and deliver electrical energy to the heart to restore its normal rhythm.

The company said that automated external defibrillators market is valued at $550 million as of 2011.

Each year as many as 7 lakh lives are lost to SCA in Europe, it added.

Shares of Opto Circuits were today trading at Rs154.05 per scrip in the afternoon trade on BSE, down 0.23% from its previous close.

User

Taxes make Indian airfares 200%-300% higher than China says Goyal

India is the only country in the world to impose a service tax on their airlines and therefore airfares are 200%-300% higher than China and some other countries says the Jet Airways chief

Beijing: Air fares in India were about 200% to 300% higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Monday, asserting that the aviation industry could not grow with such taxation, reports PTI.

"The Indian (aviation) industry can't grow with the taxes. In fact, India is the only country in the world to impose a service tax on their airlines. Do you know that the fares of Chinese airlines are a third of the Indian carriers? Why is it so? Because there are no taxes in China. In fact, the Indian fares are higher by 200%-300% if compared with the world's other carriers, leave alone Chinese," Goyal told PTI in Beijing.

Comparing Chinese airlines with their Indian counterparts, he said Chinese airlines were are all state-owned and "have solid government backing, not from now but for a very long time. The Chinese government doesn't tax their own carriers and there is a lot of state support to them".

Elaborating on Jet's expansion plans, Goyal said "we want to go to a few places in Europe and we are looking at those destinations which will make money like Paris, Munich and Frankfurt to name a few".

Regarding joining a global airline alliance, he said "we are in talks both with Star Alliance and Sky Team. Let us see what materialises. That is all I can tell you at this point of time".

Jet Airways was in an advanced stage of joining the Star Alliance earlier, along with Air India whose induction into the global airlines grouping was put off due to its precarious financial health.

Asked about recent reports that his airline was intending to buy 100 Airbus aircraft, Goyal ruled it out saying "we are only planning to induct four more A330-300 aircraft by early part of the next financial year".

To a question on government recently allowing Indian airlines to directly import jet fuel, he said "ATF import is of no use and we are not considering it. When you don't have the infrastructure to do so, it cannot be an option".

Kingfisher, SpiceJet and Air India have taken steps to go for direct import of aviation turbine fuel.

Though he has not favoured government allowing foreign airlines to pick up stake in domestic carriers, Goyal said he would welcome any such policy initiative by the government.

On the tremendous growth witnessed in the Chinese aviation market and lessons for India, the Jet Airways chief said "no, you can't compare the Indian market with the Chinese one. The two markets are different in the sense of the kind of travel that takes place in China, the purchasing power of the people and the kind of carriers that exist here. All are different from the ones in our own country".

User

COMMENTS

MDT

4 years ago

Thanks to all who have expressed their views here. However, we are finding that many people are using pseudonym or fake identity just to abuse someone or post nasty comments. In addition we are also finding there are too many 'vested interests', which are using this space. Therefore we have decided to close comments on this article. In case you still want to express your views kindly write to the Editor ([email protected]).
Regards,
Moneylife Digital Team

param

4 years ago

sucheta/veeresh, can you look at the comment posting module?
it certainly take a minute to write the message & when submitted, the message says 'security code does not match', so one as to refresh it by clicking 'Not readable? Change text'.
for fresh comment, this is tolerable, as your comments are still available, but for reply comments, your posting is just gone...

Geoffrey Leonard

4 years ago

Vereesh you really have no clue what you're talking about. Gunda and Binai are absolutely right. You're a disgrace to journalism.

REPLY

malq

In Reply to Geoffrey Leonard 4 years ago

Dear Geoffrey, thank you for writing in, and maybe in a double negative kind of way you may have a point too. Go figure.

Having said that, I can understand how trying to open the rather secretive lid on a multi-thousand crore scam can excite passions not just in India, but abroad, too. Old tactic - when cleaning up the stables, make a lot of noise first - and see all the people who benefitted from the filth, get upset.

brgds/VM

geoff

In Reply to malq 4 years ago

my point still stands and that is you're a disgrace.

malq

In Reply to geoff 4 years ago

Dear Geoff - what a brave statement to make, from behind the curtain of anonymity. I guess brevity comes with the territory, in case the curtain shakes a bit?

As the saying goes - get well soon!!

rgds/VM

Binai

4 years ago

This article is entirely flawed. It is the AC classes that subsidise SL and UR, not the other way round. Unlike what is mentioned by the author, the Pantry car actually cooks food for ALL the passengers in the train. The author clearly has no idea of what happens in a pantry car, and has relied on half-baked information. The concept of cooking only for 1A passengers exist only in Rajdhani trains, where the food is "supposedly" better than the rest. In regular trains, the food items for all passengers are cooked on board - very few expresses have 1A. Trains without a 1A should NOT have a pantry car going by the authors' logic.

REPLY

malq

In Reply to Binai 4 years ago

Dear Binai,

Thank you for writing in.

1) The AirCon classes do not subsidise the general classes - another train for which I have the data is the Sampoorna Kranti Express on the New Delhi / Patna route. Please take into account the higher costs for manufacturing these coaches, maintaining them and the extra running costs involved. We can continue to differ on this till the IR come clean with the real numbers.

2) I do have an idea of what happens in the pantry car - and the real reasons for its continuance. I have not written about the private trade in everything that the PC provides, for example - but does that reduce the fact? And if everything was cooked onboard, then what are base kitchens there for, at great cost?

3) By my logic, half the PC could and should be converted into passenger or running crew accomodation and the other area as the food assembly area. Cooking onboard, especially deep frying, to be reduced to the minimum.

rgds/VM

Binai

In Reply to malq 4 years ago

If you can prove with real numbers (not the inflated assumptions you presented in the original post) that a fully unreserved train is more profitable, then I'll accept your findings. The earning per km is much higher in AC coaches as compared to SL/2S/GS coaches. The garib rath concept proved that AC can be provided at low costs if it does not have to subsidise non-ac classes.

Binai

In Reply to Binai 4 years ago

About the pantry cars: If you have noticed (or ever bothered to do so), base kitchens are on a decline. Where ever base kitchens are present, they serve trains running without a pantry car, or serve meals for Rajdhani/Shatabdi Expresses.

This point of yours: "By my logic, half the PC could and should be converted into passenger or running crew accomodation and the other area as the food assembly area." proves that you have never been to a Pantry car. Half of the Pantry car is already reserved for accomodation of the pantry/cleaning staff. In some day trains, half of the pantry operates as a "Restaurant" where one can have food. There were trains which had passenger accomodation in one half of the pantry - which were removed after passenger complained of excessive heat.

And, you also prove yourself that you hardly have an idea of what happens when the train does not have a pantry car - passengers end up having to go without food when the train runs late or is route diverted. The former railway minister (LPY) had tried removing pantry cars from trains which resulted in passengers reacting badly.

Thanks for this article - really made me laugh. Please do continue writing such fiction stories which will help the audience have a hearty laugh.

malq

In Reply to Binai 4 years ago

Exact numbers, Binai ji, are difficult, because configurations vary and so do other numbers. Also, this article is aimed at lay-people.

1) The Garib Rath concept works on higher revenue from high density AC 3T and 3x3 AC Chair Car configurations, with minimal running facilities, no free beddings, no pantry cars, no EOGs, and most of all, the higher saving on loco power needed due to lower drag. (non aircon trains with open windows have immense drag which require bigger/more powerful locos).

2) The fully unreserved rakes versus revenue from "standard" rake of H1 / A1 / B1 / Sl / Unreserved / High Speed Parcel Van versus Rajdhani / Shatabdi / Duronto calculation is far too complex - but on one head alone, the blocking of a scarce commodity like path on track, the calculations will show on a per km per passenger basis that in terms of direct money revenue, indirect costs applied and most of all cost of time for other trains which are slowed down as a result, some aspects of which are not tangible and will not matter to those who only look at the speed element without any other parameter - will show a 20:1 back of the envelope figure for 1AC:Sleeper/Unreserved fares.

rgds/VM

R Murli Dhar

4 years ago

The biggest mistake Railways made was to ban authorised agents from Tatkal service, and then, limiting only one login through one ID only. At the suggestion of the Agent/s, the concept of ID proof at time of booking of Tatkal was re-introduced. Now if as an authorised agent were to make a booking in a xxx name with an xxx id proof, how can I ever find exactly someone of the same name, age, and ID proof !!! That is why Touts can command such high premia. Note that tickets can be transferred as per rules to anothe rperson in the family. Therefore the tout books the ticket, and in connivance with staff, later chane the name and ID of another sucker !! That's Y the high rates charged. Authorised agents bear the brunt of investment of nearly Rs 6K per year. Good wishes.

REPLY

malq

In Reply to R Murli Dhar 4 years ago

A large proportion of the problems would be resolved if the various "quotas" barring the Emergency Quota were released atleast 24 hours prior scheduled departure time, since these are the qoutas that are played around with most - and it is like a cliff-hanger before the departure of the train, price shoots up in the last few hours due to connivance - even a w/l which is going to get converted into a confirmed in the due course of things becomes a big source of tension for the travellers since "charting" is often done just a couple of hours prior departure.

2) On TATKAL, it needs to be dynamic pricing for some percentile of seats.

The big issue is that these tout premium games are played out even when trains run at below 100% occupancy. THAT is the real issue.

rgds/VM

R Murli Dhar

In Reply to malq 4 years ago

Thank you for your comments.

1. Unfortunately, it is simply NOT possible to make quotas other than EQs available 24 hours in advance. There are cogent reasons for this. Any person below certain ranks in the IR have necessarily to travel at the last minute.

2. We may disagree/be upset/angry about the MP quotas, but they do too have problems at the last minute to reach their destinations. I have no problems with this.

3. As for the suggestion you make of a lottery, how will it help and how long should the lottery hold out ? It is just the Tatkal booking then. Frankly I am not in favor of this.

4. The mistake IR has made is that CK bookings today do NOT refund the money used to book it. So there is NO incentive for those who DONOT want to travel, to cancel the Tatkal ticket. This is especially true of EC, 2A,3A. Why bother to cancel when I am NOT going to get anything ? This leads to the next corruption level: The matter is now in the hands of the TTE... There is nothing known as 100 per cent turnout of all passengers. Therefore at least 10 seats in different classes would be vacant, and the TTE rules the roost. IR should have thought of this.
Good wishes.

malq

In Reply to R Murli Dhar 4 years ago

Murli Dhar ji, Indian Railways is the property of the Nation. An Indian Railways staffer who has to move around as SOD (Staff on Duty) should be in the same priority as ANYBODY else who has to move around as SOD. The Emergency Quota (EQ) is supposed to cover emergencies.

And if there have to be quotas for certain categories, then let the utilisation be transparent, let the Nation know who/why utilised the quota and on whose recomendation. If it is "secret", then "secret" can be mentioned - but then, what percentage of work in India is now "secret"?

Much more transparency is required wrt quotas, simple as that. Think of the situation of the family on W/L, they have to leave home say 3-4 hours before the departure of the train but "charting" is done only 2 hours prior departure?

Somewhere down the line, governance in India has forgotten that it is here to serve the people - not rule over them. IR is on top of this, sadly.

rgds/VM

param

In Reply to R Murli Dhar 4 years ago

"Any person below certain ranks in the IR have necessarily to travel at the last minute." - by this logic charting should be done at last minute, not 4 hrs before!!! it is even done by late evening for next morning trains. so the last minute travel is just a farce...

Gunda

4 years ago

Veeresh,

You are completely clueless. And so are many of the commenters here. It is so called 'journalists' like you who spread misinformation among readers gullible enough to accept rubbish as gospel truth.

Lets take your article point by point on the revenue calculations:

You say • Unreserved 2nd Class—about 200 passengers at Rs550 each = Rs1,10,000

Where did you get this fare from? Unreserved fare from Bangalore to Delhi is 300 rupees per person rounded off. And you are assuming that all of these 200 people are passengers who have bought tickets. This is definitely never the case. Unreserved coaches are where all the daily commuters are supposed to be too. They buy season tickets that cost a fraction of the already low unreserved class fare.

You say there are 200 passengers per coach. In a coach (of capacity of 90 odd), occupancy is not at such high a figure always. Do you actually have figures for average occupancy of general coaches in the Karnataka Express? Or did you just pull them out of a hat?

The real revenue per coach should be closer to 60,000 than your made up figure even at the occupancy levels you suggest, without deducting all the fare dodgers, season tickets and every other eventuality you can think of.


You say • Reserved Sleeper—about 90 passengers at Rs600 each = Rs54,000 (plus day sitting plus Tatkal and taking into account part-journey passengers)

Your methodology of calculation has changed here. Also, 72 is the capacity of the Sleeper Coach of the Karnataka Express. That comes to 43,200 without the addition of the Tatkal premium, marginal RAC fare, or the illegally travelling WL people, or the part journey travellers. The day sitting fare does not go to IR. It goes in the TTE's pocket.

This also excludes the reduction of fares from senior citizens, concession travellers, etc. All of which are comparatively higher in proportion in SL and Unreserved coaches than they are in 3AC and 2AC.


You say • AC 3Tier—about 80 passengers at Rs1,480 each = Rs1,18,400 (plus Tatkal)

3AC has 64 people per coach for the Karnataka Express. Bad fact checking again. Makes me wonder how much of the other data from you that I've ignored is rubbish. But this works out to a revenue of 94,720. The much higher tatkal fare (compared to SL) excluded.

Note that far fewer waitlisted passengers travel illegally in 3AC. And RAC passengers are also fewer. But this revenue is still much higher than the revenue from a SL or UR coach.



You say • AC 2Tier—about 46 passengers at Rs2,400 each = Rs1,10,400 (plus Tatkal)

Wow, you actually managed to get the number of seats right this time! Good job! Let us see if they give out a Pulitzer for this one. Your calculations seem to be correct this time too. Be honest: Is this the only class you've travelled in so far in a train?

Anyway, even with just 46 passengers, 2AC makes far more money than SL or UR coaches. And no, we are not going to discuss your rubbish fare figure for Bangalore Delhi for Unreserved passengers. We will use the one that IR actually charges, thank you.



You say • 1AC—about 18 passengers at Rs4,170 each = Rs75,060

1AC was the haunt of politicians and babus who have now taken to flying. People who are unable to get tickets in 2AC and really need to go someplace a flight can't take them end up taking 1AC. In any case, few trains have dedicated 1AC coaches these days. Most are composite coaches with the other half being a 2AC coach.


You say:

Please do the math. A typical configuration of a long distance train is 1 x 1AC, 2 or 3x 2AC, 3 or 4 x 3AC and up to 10-12 2nd Sleeper with 2-4 general coaches and a couple of high speed parcel vans. The railways have always known that a full 2nd class sleeper or 3AC Garib Rath

I say:

YOU need to do the math. SL and UR coaches make much less money per coach. So it is natural that any train with more SL and UR coaches will make less money. Trains with more 3AC and 2AC coaches will make more money. It is the AC classes that subsidize SL and UR, not the other way around.


Now, lets go to your 'Notes'

In c). Day passengers can be there in any class. SL does not have any 'seats' that can be allocated as opposed to berths. They are the same. RAC and part journey passengers are possible in all classes.

In e). Have you ever really travelled in UR? Who bothers to come there to check tickets? So what extortion are you talking about for Unreserved and Sleeper classes? People pay bribes when they flout rules. Those are pocketed by TTEs. And this happens across all classes.

In g). End On Generator for a 1AC coach? Really? Veeresh, can you enlighten us with what an EOG coach does? And where is it located in trains with 1AC coaches that also have UR and SL coaches? I hope you are not calling the locomotive a EOG coach. That would be just sad.

In h). you say: "The pantry car, which could have been a hot-buffet re-serving coach, now has to provide facilities for fresh cooking of food for the 1AC pax)". Ooooh! I just wanted to reproduce the entire thing to ensure that I could read that again and again. These are golden words, my friend!

What are you talking about? The Pantry is a kitchen that serves ALL coaches in the train and not just the 1AC coach! It is never a whatchammacalit that you claim it is.


You go on to say later that "It is not as though the officials and others in the Indian Railways do not know about this anomaly—that the 1AC passenger is directly subsidised by the unreserved passengers."

How did you even arrive at that conclusion? Unreserved and 1AC passengers are subsidized by 2AC, 3AC mainly. Not by Sleeper coach passengers who are being charged below cost. You need to calculate the cost of carrying a passenger in each of these classes. And then write the article again. Because this is just rubbish.

Sucheta, I wonder how you can allow such half baked badly researched stuff on your website. It brings into question everything else that has been written, including by you.

REPLY

malq

In Reply to Gunda 4 years ago

Dear "Gunda",

1) Your credibility would have been better if you had used a real name.

2) All figures approximate, allowing income from for RAC/partial journey and similar. These were re-verified with railway officials who will not be quoted.

3) Likewise, earning per unreserved pax is not for end to end, it presumes a large number of part route pax - especially in the Karnataka Express.

4) Hot cooked fresh food from the pantry is only for the 1AC, the rest is, wherever possible, picked up from base kitchens en route. ofcourse, this rule is broken too - and goes into the private pocket of the contractor.

5) Have you seen uniformed extortion, transvestite extortion and generally all forms of extortion in UR? Please do take a closer look.

This could go on and on. I stand by what I've written. You have serious objections, then identity would be advisable for further debate.

rgds/VM


param

In Reply to malq 4 years ago

Veeresh, I expected a bit more restraint from your end at least...

If you ignore the tone of 'Gunda', there are still some clarifications that make sense.
- if we use the end to end fares for each class & compute with correct berth count, how do they add up?
- i have seen pantry cars in trains without 1A coach (e.g. SHM-TVC express) that serve good food. although i always thought the kitchen capacity is not enough to serve ALL the coaches - perhaps they prepare food for AC coaches & SL get pre-loaded stuff. also, pantry is used more for cooking snacks & breakfast items than thali stuff - that is my observation. perhaps the 'cook for 1A only' is applicable in rajdhani/duranto alone.
- finally every deserves to be heard, whether using real or phantom names...

malq

In Reply to param 4 years ago

Fully agreed, Param, need to answer all interacts.

BUT those that become taunting deserve different responses too - plus I think I know who "gunda" is in this case.

1) End to end also shows how 1AC is subsidised. What I have not added on are the additional costs for keeping the 1AC coach and pax in good shape and humour. That cost simply seals my argument in my favour. The add-on costs of extra staff, interiors, premium waiting rooms, etcetc.

2) Pantry cars are a major issue - do they justify their costs as well as risks? In addition, what are the hygiene issues? And yes, I learnt about the Shalimar - Trivndrum and other trains without H1/1AC and with PC. - thanks.

Rgds/VM

Gunda

In Reply to malq 4 years ago

You say: 1) Your credibility would have been better if you had used a real name.

I Say: Name your all knowing sources, and I will reveal myself. And in any case, your article has pretty much proved that adding one's name does not really make the whole thing credible.


You say: 2) All figures approximate, allowing income from for RAC/partial journey and similar. These were re-verified with railway officials who will not be quoted.

I say: Use an RTI application to find out exact figures if this is what you really do - writing, I mean. Even fiction writers do more research. You are basing your entire argument on hearsay and misleading people. Why write on something you obviously have no clue about unless this is your take on Alice in Wonderland?


You say: 3) Likewise, earning per unreserved pax is not for end to end, it presumes a large number of part route pax - especially in the Karnataka Express.

I say: Why does the same thing not hold true for SL, 3AC, 2AC and 1AC. Lets double their fares also by the same logic for calculation purposes. Or do you have some highly classified data provided by secret sources to prove that this only happens for Unreserved?


You say: 4) Hot cooked fresh food from the pantry is only for the 1AC, the rest is, wherever possible, picked up from base kitchens en route. ofcourse, this rule is broken too - and goes into the private pocket of the contractor.

I say: How does that make a difference? Is an additional pantry car added because of this? Do they add a piece of a pantry car to the rake for the additional space requirements? Do you really think the private contractor gives a crap? His real revenue comes from multitudes of passengers in 2AC, 3AC and SL. Not from the 18 passengers in a 1AC coach.


You say: 5) Have you seen uniformed extortion, transvestite extortion and generally all forms of extortion in UR? Please do take a closer look.

What uniformed extortion, dear friend? A policewalla walks up and just asks for money? Nope. He will ask for money if you have no ticket, are carrying luggage that is far in excess, are selling stuff illegally and so on. He will do that even in sleeper coaches. And in 3AC and above, the Khaki uniform is replaced with a coat and tie. Don't flout the rules and they cannot touch you, even in Unreserved. Besides, eunuchs also intrude into sleeper coaches. In fact, they prefer sleeper coaches where they can harass middle class people, and not unreserved coaches where people are poorer and cannot afford to pay 5-10 rupees to get rid of them. Who else is extorting money from people in Unreserved?

You say: This could go on and on. I stand by what I've written. You have serious objections, then identity would be advisable for further debate.

Please! Do go on. It is obvious that you have not really understood what you are writing about. And I will be quite happy to continue picking holes in your arguments, so that next time on, you do some real research on the subject before you write.

malq

In Reply to Gunda 4 years ago

Dear "Gunda",

Thank you for writing in and your kind words will certainly spur one on to higher heights.

I think your writing style gives you away.

Anyways, let us hope this and similar articles spur the Indian Railways to provide transparency and some cogent information on actuals, which would be the result I want.

And finally - your messages are beginning to sound like an offer for consultancy - do write in, signed hard copy, with full name and address, please?

(get well soon)

rgds/VM

surajit som

4 years ago

first of all :congrats shri malik . here the author speaks with numbers,a rarity in Indian journalism. not qualitative(often bogus) mumbo-jumbo.

the horror comes out. Rs 10,000/- lost to touts/corrupt officials. just imagine this amount being netted and invested for new railway line/safety measures !!

the same stealing was taking place when we had "subsidised" fixed telephone lines !!! no more !! you just go and get a mobile connection !! the company may even give you a discount !! by the way it is cheaper(never mind the "subsidy" !!!.) now domestic help/rickshaw pullers have them !!! market forces work better than neta-babu-highcommand socialism !!!

that's what is needed in railways: a "mobile" revolution. expansion of the system. that can only happen if private operators are allowed. just issue some orders from some goddamn ministry,that's all !!

shri malik may use his expertise to show how railways can expand so that we can have hundreds of konkan railways ,delhi metros !!!

the touts/corrupt officials of railways will die a natural death . like they did when "subsidised" fixed telephone lines became obsolete.

REPLY

malq

In Reply to surajit som 4 years ago

Thank you for writing in, Surajit, and your points noted.

What we need from the Indian Railways of free and independent India is a less colonial and more transparent regime - not the current throwback to the old colonial days.

Please help by distributing this article, especially also to the regional media.

Regards/VM

surajit som

In Reply to surajit som 4 years ago

Correction: Rs 10,000=Rs 10,000 crores

Commuter

4 years ago

Why railway catering (IRCTC) is highly opaque? No display of rate list, and no receipts to the passengers for the payments even though it is a Govt. owned and operated Company. MoneyLife should make a nice story on this topic.

REPLY

malq

In Reply to Commuter 4 years ago

Thank you for writing in.

Railway food has also become so unhealthy lately, with the IR fixation on "fast food plazas" growing apace, instead of simple hot cooked meals. Basic idli and chutney, boiled eggs and roti/brown bread, daal-roti-subzi-rice, reasonable tea/coffee, tender coconut water . . . is this too much to ask?

Instead, chips, soft drinks, biscuits . . .all wrapped in plastic.

Pricing is only one part.

Central Railways move to stop selling plastic packaged goods on suburban stations appears to be a good step - any idea if it has succeeded or been subverted?

rgds/VM

param

In Reply to Commuter 4 years ago

i would disagree partially.
most of the items are listed with price & packed items are at MRP - this is for IRCTC stalls at stations. of course, some do overcharge over MRP, especially depending on the crowd & situation.
for items served in the train, i do recall seeing the price list on the paper sheet on the tray. of course what i have noted is that many times they say that the veg thali is not available & want to push veg biryani (which is not listed) - perhaps that is a high margin product for them.
of course, the receipt on payment is something that would be tough to implement, but would help curb the overcharging...

Commuter

In Reply to param 4 years ago

1)While rate lists are displayed in the stalls in the stations, same is not available in the trains (excepts probably in the premium classes and Rajdhanis, where the caterer takes spacial care to keep happy the creamy layer). I have never seen such list in 2nd sleepers and with vendors and 'Chaiwallahs' moving inside the compartments. A reality check is required.
b)When bus conductors across country can issue tickets to commuters using hand held device / printers, why IRCTS can not do this?

param

In Reply to Commuter 4 years ago

rate list may not be relevant in rajdhani (since everything is free - or included in fare).
i have seen the rate list in 3A & 2A. i don't think 3A is a creamy layer anymore :)
i do agree that they can certainly provide bus-ticket like receipts so that people know they are not getting cheated.
at the very least, people should enquire the price before placing the order to avoid a surprise at the end...

param

4 years ago

thanks for belling the cat! i always noted that 1A though pricier has far too few berths to make it a high-margin product.
my calculations showed that 2A is the highest margin - if your 3A numbers use 64 berths (instead of 80), the conclusion would be the same.
so in effect 1A is the high cost low margin product, which only IR can afford to run. perhaps the best way out could be IR auctioning a coach at fixed rate & private players finding a way to maximize the utilization/margins... at least the loot could be legalized then.
to cater to the freeloaders, a private area can be carved out in guard or SLR coach so that they can be kept away from the public, which they desire & we deserve!

REPLY

malq

In Reply to param 4 years ago

Dear Param - thank you for writing in.

One suggestion that has come in is that the 1AC coach should be located AHEAD of the power engine and then it would hopefully solve the issue of safety also. (Driver can be provided a cabin with a front view like on EMUs)

rgds/VM

param

In Reply to malq 4 years ago

excellent idea! but that should be the part of 1A coach used by rly officials & politicians only. fare paying passengers surely deserve better...

K Sunil Kumar

4 years ago

Hi Veeresh Malik,

I like your articles most in moneylife as it encompass diverse topics like fuel(petrol, diesel), cars, railway and many others.
The analysis is convincing, though i feel the number you come up may be not that accurate

What solutions you suggest for the stopping these scams, i mean the implementation wise, like plugging the leaks happening to railway exchequer

regards

K Sunil Kumar

REPLY

Gunda

In Reply to K Sunil Kumar 4 years ago

So even if the figures may not be anywhere close to being accurate, analysis built on such flawed data is convincing?

Then I have a bridge (subsidized by unreserved passengers) to sell you.

malq

In Reply to Gunda 4 years ago

Dear Gunda - nobody is selling anything here.

I use facts for illumination - does it matter to the poor man how the street lamp works?

I can take numbers and so can you, and prove that if a person's head is in a freezer and feet in an oven, then the numbers say that said person is comfortable.

Simple point is this - the sleeper and unreserved pax, in terms of revenue for the IR as well as lack of facilities, provides enough of a subsidy to the 1AC/2AC/3AC and air-con Rajdhani/Shatabdi type train pax, to have either lower fares for Sleeper/Unreserved or higher fares for 1AC/2AC and ShatabdiRajdhani.

The numbers can be made to fit both ways - but that does not change the truth of the White Man's burden (now the neo colonial's burden.)

Have a nice day.

rgds/VM

malq

In Reply to K Sunil Kumar 4 years ago

Dear K. Sunil Kumar, thank you for writing in.

On a larger plane, the main solution will need to be in terms of transparency preferably co-terminus timeline of the event (reservations in this case) or atleast post-facto - with privacy details like name/gender/age/ID obscured. But details of those VIPs who give the request, that should be known - we must know who are the people who make such requests frequently.

That would be a start.

In addition, please spread the word, name and shame, pass such articles around especially to the regional media.

rgds/VM

Metkore Alloys to invest $80 million in Oman for ferro chrome project

Metkore is also negotiating with a well-established local firm for a joint venture agreement for its new ferro chrome project in Oman

Dubai: India's Metkore Alloys and Industries is set to build a world class 165,000 tonnes per annum capacity ferro chrome smelter project in Oman with an envisaged investment of $80 million, reports PTI.

This is the third ferro chrome project coming up Sohar free zone, local media reports said. The project work of Metkore is expected to start in October, with the completion of the work within 18 months.

According to reports, a land lease agreement was signed by Sheikh Sa'ad bin Mohammed Al Mardhouf Al Sa'adi, Chairman of Port of Sohar, and Prashant Boorugu, Managing Director of Metkore Alloys & Industries.

Metkore is negotiating with a well-established local firm for a joint venture agreement for the ferro chrome project, but no agreement has been signed so far.

The ferro chrome plant will become operational in 2014 and is expected to generate direct employment for about 500 people.

The company has already appointed consultants to carry out technical and environmental studies for the project.

Omanisation is the prime objective of the company and all efforts will be taken to train the local Omani nationals and appoint them to operate the plant profitably, it has said.

Further, the low grade chrome ore available in Oman will be beneficiated and put to gainful use thereby adding value to the mineral resources available in Oman.

User

COMMENTS

mohammad

2 years ago

sir,
I am MOhammad Murad Hassan Al balusi.I am Omani from liwa. I am working as a mechanical & opration in brequeeting plant with Al taman IndSil ferro chrome company in sohar free zone .I want to move to your company.

Mohammad
+968-95400150
[email protected]

md arman

3 years ago

sir i am md arman,i am mechanical project / maintanance engineer in ferro alloys plant,i have 7 years exp.in ferro alloys plant.last year i am complite project one 6 mva furnace in zambia africa,we need to work in your project.

md arman
+91-7509531503
+91-7898989723
[email protected]
raipur,india

Vaidya

4 years ago

One of the reason which I have experienced is that neither the agents nor the staff of insurance companies are interested in it. I am talking of PSU.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)