FDI in railways: GE, Alstom ahead in race for bagging loco projects in Bihar
GE and Alstom are believed to be ahead of other bidders in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar that are among the top eight infrastructure initiatives which are being monitored by the PMO.
Sep 01, 2015, 23:29 PM IST
FDI in railways: Three global cos bid for setting up loco factory
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.
Aug 31, 2015, 23:02 PM IST
Rs 8.5 lakh cr to be pumped into Railways over 5 years: Suresh Prabhu
Laying emphasis on capacity expansion, decongestion of network and passenger safety, Railway Minister Suresh Prabhu Tuesday said a massive Rs 8.5 lakh crore would be pumped in over the next five years to make it a viable organisation and bring back the road traffic.
Mar 17, 2015, 19:14 PM IST
LS passes Rail Budget; Govt wants a massive hike in investment
The Rail Budget for 2015-16 was passed by the Lok Sabha Thursday with Railway Minister Suresh Prabhu making a strong pitch for a massive hike in investment for the Railways.
Mar 12, 2015, 22:03 PM IST
Union opposes FDI in Railways, threatens indefinite strike
The National Federation of Indian Railwaymen (NFIR) has vehemently opposed the Centre's proposal for FDI in Railways and threatened to go on indefinite strike in June this year.
Jan 10, 2015, 11:05 AM IST
Prabhu allays privatisation fear, seeks private investment in railways
In the backdrop of railway unions voicing stiff opposition to any possibility of privatisation in the rail sector, Railway Minister Suresh Prabhu Monday allayed the apprehension, saying there should not be any misgiving on it.
Dec 22, 2014, 21:00 PM IST
Railways allows 100% FDI in setting up of bio-toilets, laundry facility
Railways has identified toilets as one of the 17 special areas where 100 percent foreign and private investment can bring about major investments.
Nov 12, 2014, 21:58 PM IST
Rail stocks end with up to 5% gains as Govt notifies FDI norms
Rail stocks Thursday ended with as much as 5 percent gains after the government notified liberalised FDI norms for the sector, permitting 100 percent foreign direct investment through automatic route in several areas, including high speed trains.
Aug 28, 2014, 18:05 PM IST
Rail stocks surge up to 14% as govt notifies FDI norms
Rail stocks on Thursday gained as much as 14.3 percent after the government notified liberalised FDI norms for the sector, permitting 100 percent foreign direct investment through automatic route in several areas, including high speed trains.
Aug 28, 2014, 12:02 PM IST
Bombardier's Savli facility to be export hub
Created at an investment of Rs.230 crore Bombardier Transportation will develop its Savli facility near Vadodra in Gujarat as an export hub to service orders of USD2.7 billion for commuter cars and bogies from various parts of the world, including Australia and Brazil, the company has said.
Aug 24, 2014, 19:58 PM IST
India Inc lauds Modi govt's push for economic reforms
Industry bodies said the decisions will help attract much-needed capital, create jobs, encourage collaboration and benefit cash-starved SMEs.
Aug 07, 2014, 20:40 PM IST
Cabinet clears 100% FDI in Railways infrastructure, 49% in defence
The decisions were taken at the Cabinet meeting headed by Prime Minister Narendra Modi, sources said.
Aug 06, 2014, 21:07 PM IST
Cabinet approves FDI liberalisation in railways infra and defence
The Union Cabinet on Wednesday approved liberalisation of FDI in railways infrastructure and defence sectors.
Aug 06, 2014, 20:56 PM IST
Govt allays fears over FDI in Railways
Describing the PPP mode as a necessity, Government on Tuesday allayed apprehensions over allowing FDI in the Railways and said it will help big ticket projects like high-speed corridors and freight corridors.
Jul 22, 2014, 23:25 PM IST
FDI in Railways: Cabinet likely to take decision this week
The Cabinet note has already been sent to the Cabinet Secretariat and a decision on the proposal is likely this week, sources said.
Jul 20, 2014, 11:21 AM IST
Economic Survey 203-14: FDI in railways should be examined carefully, quickly
Noting that FDI and privatisation in railway sector could be the next big ticket reforms, the Economic Survey today said the government's proposal to relax FDI in railways should be examined carefully and quickly.
Jul 09, 2014, 20:15 PM IST
India Inc gives thumps up to Rail Budget
Terming the rail budget as growth- oriented, India Inc on Tuesday said the emphasis on forging public-private-partnerships and attracting FDI will give a boost to infrastructure development and generate jobs.
Jul 08, 2014, 19:59 PM IST
Gowda proposes FDI, private investment, PPP projects in Rail budget
Having already effected a steep hike, the railway budget for 2014-15 spared passengers of any fresh revision in fares and freight rates but pitched for reforms by proposing private and Foreign Direct Investment and Public Private Partnership (PPP) to meet the resource crunch.
Jul 08, 2014, 19:50 PM IST
FDI in Railways: Home Min red flags sensitive areas
The Home Ministry has raised objections in allowing foreign direct investment in highly- sensitive areas of the Railways sector, saying such a move may compromise security of the country's largest transportation network.
Jul 06, 2014, 19:03 PM IST
Encourage foreign investment in railways sector: Assocham
The government should develop infrastructure and encourage foreign investment in the railways sector, trade body ASSOCHAM has said.
Jul 03, 2014, 22:20 PM IST