Companies & Sectors
Rs 20,000-cr plan to ease pressure on Mumbai suburban train system
Mulling major makeover for the much-stressed Mumbai suburban train system, the Central Railway is studying an ambitious Rs 20,000-crore plan to improve services. This includes acquisition of 150 new rakes, introduction of additional routes and provision of adequate parking lines.
 
Central Railway General Manager Akhil Agrawal told media at the Mumbai Press Club on Thursday that the Central Railway has already taken various steps like increasing frequency of trains and introducing 12-coach rakes. This has resulted in fall in deaths on tracks due to various reasons over the past eight months to 1,414 from 2,187 during the previous year.
 
Agrawal said he was studying the report of a committee on improving suburban services in the metropolis and will soon take an appropriate decision.
 
The committee, formed at the instance of Railway Minister Suresh Prabhu who was shocked after a video clip of an accidental death near Thane went viral, notes that 10 people die daily on CR tracks and the basic reason for this is the huge demand-supply gap.
 
The committee has warned that the situation with the existing stock can be "explosive" by 2030 as the number of casualties will multiply manifold due to open doors of tghe coaches. It has underlined the need for CR trains to have air-conditioning and door closers. 
 
The interaction was part of Mumbai Press Club Knowledge Series programme, powered by Public Relations Council of India (PRCI).
 
Quoting from the report, PRCI National President B.N. Kumar said CR works at 400+ per cent capacity on normal days and at times even exceeds 800+ per cent capacity. The committee called for additional exclusive platforms to handle suburban trains, new trains to bridge the gap, and stabling lines to help double the services.
 
The panel envisages that half of the projected investment is to go for acquiring new rakes, while the stabling lines or parking places for trains to reduce piling up of rakes -- akin to bumper-to-bumper road traffic -- will be developed on self-financing basis.
 
Responding to questions on parking or stabling lines, Agrawal said there was a space constraint in Mumbai city area. Hence the Railway is looking at areas like Thane, Kalyan and even beyond. "We are making provision for new rakes as we acquire them," he said.
 
Agrawal said punctuality on the suburban network rose by two per cent due to the improvement in the working of the system. "We are continuously monitoring and taking steps to plug loopholes," he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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Mallya made Principal Officer of UB holding firm
United Breweries (Holdings) Ltd has made its Chairman Vijay Mallya Principal Officer in the absence of a Managing Director, the company said on Thursday.
 
In a regulatory filing to the BSE, after its 100th annual general meeting (AGM) here, the company said Mallya had been monitoring the company's performance through appropriate delegation of duties to various operating executives.
 
"In the absence of a Managing Director, the Chairman of the Board, Vijay Mallya, has been made the Principal Officer of the company and has been monitoring the performance of the company through appropriate delegation of duties to various operating executives, who report to him on a regular basis," said the filing.
 
The company has not appointed a new managing director after V. Shashikanth resigned from the executive post in May 2014.
 
In the absence of Mallya at the company's centurion AGM, independent director N. Srinivasan chaired the proceedings and read out a transcript Mallya sent from London where he has been living since March 2 when he left India.
 
The listed firm also informed the BSE that its board had five directors, including three independent at the end of previous fiscal year (2015-16).
 
Mallya and Daljit Mahal are the non-executive non-independent directors.
 
The AGM reappointed Mahal as director on rotation with the shareholders' consent.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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Railways introduces 33 per cent sub-quota for women in catering units
The Indian Railways on Thursday introduced a sub-quota of 33 per cent for women in allotment of each of the reserved catering units and also launched a new 'Train at a Glance' and time table effective from October 1.
 
Railway Minister Suresh Prabhu said: "The introduction of new policy providing sub-quota of 33 per cent to women in catering units is a step towards women empowerment and their increased participation in the railways."
 
He also said that the Railways will continue to introduce such new reformative steps.
 
Apart from these, the Railways also liberalised station-to-station special freight rates policy, launched policy giving preference to local domicile holders for commercial licenses at stations, and introduced new system of allocating vacant berths after final charting to wayside stations.
 
According to the ministry, 33 per cent sub-quota reservation for women shall ensure allotment of minimum 8 per cent stalls to women at A1, A, B and C category rail stations and minimum 17 per cent at D, E and F category stations.
 
The highlights of the improvements planned in the new time table -- that will come into effect from October 1 -- include the specifics of the four new brands of train products.
 
"In this timetable, we have reduced the journey times in 350 existing trains, 75 of which have made it to the superfast category," said Prabhu.
 
"We have converted 240 operational halts into commercial stoppages and have for the first time provided in the time table, train connectivities to the north-eastern states of Tripura, Manipur and Mizoram," he added.
 
Also incorporated in the time table are 36 new services, some of which have been introduced in this financial year. Some of these will be coming soon, like the 10 up and down Humsafar trains, seven Antyodaya, three Tejas and three UDAY trains, besides a number of other mail express trains, extensions, increase in frequency, diversions etc.
 
"The Humsafar would be the fully-AC service with optional catering; Antyodaya, the long distance unreserved superfast train for common man; Tejas will have all modern on board features like entertainment, WiFi and local cuisines etc; and UDAY will be an AC doublecker train on the busiest routes," it added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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