Prabhu explores ways to mobilise resources for railways
With an investment target of 8.5 lakh crore in five years, Railway Minister Suresh Prabhu Monday discussed with leading bankers the ways in which resources could be mobilised for rail infrastructure development.
May 18, 2015, 21:26 PM IST
Prabhu seeks support of political parties to pass GST bill
Railway Minister Suresh Prabhu has sought support of all political parties to make India the single largest market in the world by implementing the Goods and Service Tax (GST) in the country.
May 17, 2015, 16:13 PM IST
Agreement signed between India, China to enhance rail cooperation
Union Railway Minister Suresh Prabhu on Saturday said that during Prime Minister Narendra Modi's visit to China an agreement to enhance cooperation in the railway sector was signed between the two countries.
May 17, 2015, 01:08 AM IST
GST will make India single largest market globally: S Prabhu
Pitching for support from political parties on the goods and service tax, Railways Minister Suresh Prabhu on Tuesday said the comprehensive indirect tax reform will make India single largest market in the world.
May 12, 2015, 15:31 PM IST
Increase R&D spending to 4% of GDP, says Prabhu
If India is to expand business and innovate, the spending on Research and Development (R&D) should be raised to four percent from existing one percent of the GDP, Railway Minister Suresh Prabhu said on Saturday .
May 09, 2015, 22:18 PM IST
Railways to have a regulatory body on lines of telecom sector
Railways has initiated the process for setting up of a regulatory body on the lines of telecom sector, said Union Minister Suresh Prabhu who has asked the NITI Ayog Chairman to prepare the roadmap for it.
May 04, 2015, 18:05 PM IST
Regulatory body required for private participation: Suresh Prabhu
He further said, "Arvind Pangarayia has been requested to suggest a road map. He is independent, very intellectual, very competent and also part of our system as he is vice chairperson in NITI Ayog.
May 04, 2015, 12:58 PM IST
Railways in existential crisis but no stock market route: Suresh Prabhu
"Railways lost traffic to road. It is because you make investment three to four times higher in road than railways. You have systematically ignored rail favouring road. Now it has become an existential crisis for railways.
Apr 26, 2015, 15:18 PM IST
States to be involved in execution of rail projects: Prabhu
With an aim of making railways an engine of growth, Railway Minister Suresh Prabhu Tuesday vowed d to involve states in execution of projects as he pitched for big investments for the turnaround of the "bleeding" and "sinking" largest transporter of the country.
Apr 21, 2015, 23:02 PM IST
Indian Railways need to reinvent itself, says panel
With the resource crunch severely eroding the financial credibility of railways, a Parliamentary panel Monday suggested the government should ensure that the proposed five-year investment plan serves as a stimulus package to assist the public transporter in its turnaround.
Apr 20, 2015, 19:21 PM IST
Suresh Prabhu advocates use of solar, wind energy
Cautioning against harmful effects of greenhouse gases due to fossil fuel use, Railway Minister Suresh Prabhu has advocated a paradigm shift in the energy scenario through the use of alternative energy like solar and wind power.
Apr 20, 2015, 12:59 PM IST
Need to relook and bring changes in Indian Railways: Prabhu
Railway Minister Suresh Prabhu on Monday called for "relook" and "changes" in the Indian Railways for its smooth run in the future.
Apr 13, 2015, 20:14 PM IST
Transparent system for private investment in railways: Suresh Prabhu
He ruled out privatisation of railways but said private capital is required to improve the services of the public transporter and make it financially strong.
Mar 27, 2015, 19:13 PM IST
Getting land for infra projects a challenge, says Prabhu
Unlike in China, Railways Minister Suresh Prabhu said in India most of the land is owned by farmers and others.
Mar 25, 2015, 20:57 PM IST
IRCTC launches RuPay pre-paid debit card
Railway passengers can now book their tickets, do shopping and pay service bills using RuPay pre-paid cards, as the IRCTC launched the debit card service here Tuesday.
Mar 24, 2015, 16:31 PM IST
Suresh Prabhu acknowledges corruption in railways
Railways Minister Suresh Prabhu on Friday acknowledged existence of corruption at various levels in his ministry and said the government is determined to weed it out through stringent action and putting in place a transparent system.
Mar 20, 2015, 18:46 PM IST
Ratan Tata to head Railways' Kaya Kalp Council
The purpose of the Council is to recommend innovative methods and processes for the improvement, betterment and transformation of railways, Prabhu told PTI.
Mar 19, 2015, 20:06 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
Suresh Prabhu advocates for strong Indo-US strategic economic ties
Railway Minister Suresh Prabhu Tuesday pitched for a strong Indo-US strategic economic ties saying it will be beneficial for both the countries and also help in promoting regional and global peace.
Mar 17, 2015, 18:46 PM IST
Laying of 1 km high speed train track to cost over Rs 100 crore
Railway Minister Suresh Prabhu said the cost of laying one km of high speed track was 10 to 14 times higher than the construction of a normal railway track.
Mar 16, 2015, 14:13 PM IST