亚博体育官网首页

Lok Sabha Passes Railways (Amendment) Bill 2024
RAILWAYS & METRO RAIL

Lok Sabha Passes Railways (Amendment) Bill 2024

The Lok Sabha passed the Railways (Amendment) Bill 2024 on December 11, seeking to enhance the functioning and autonomy of the Railway Board. The Bill was approved by voice vote after extensive debate, with Railway Minister Ashwini Vaishnaw assuring that the amendments will not lead to the privatisation of Indian Railways. Responding to opposition concerns, Vaishnaw dismissed allegations of privatisation, calling them a "fake narrative." He emphasised that the amendments are focused on improving operational efficiency and modernising the railways. 鈥淥ur goal is to strengthen Indian Railways, not privatise it,鈥� he said, urging the opposition to avoid misleading the public and work collaboratively towards sectoral reforms. Key features The Railways (Amendment) Bill aims to modernise governance and improve service delivery within Indian Railways. Key provisions include: 鈥� Enhanced independence: Granting greater autonomy to the Railway Board for efficient decision-making. 鈥� Operational efficiency: Streamlining processes to enhance functionality and responsiveness. 鈥� Global alignment: Updating administrative frameworks to meet international standards. Opposition members expressed fears that increased private-sector involvement could jeopardise affordability and accessibility for common citizens. Frequent disruptions delayed the debate, with opposition leaders arguing that the amendments might erode the public character of Indian Railways. However, the government firmly denied these claims. Vaishnaw reiterated that the railways would remain under public ownership and described the amendments as a step toward modernisation rather than privatisation. The passage of the bill signals the government鈥檚 commitment to revitalising Indian Railways through reforms that align with global best practices. As the amendments move toward implementation, attention will turn to their impact on operational efficiency, service quality, and public welfare, with stakeholders closely monitoring the outcomes. (Financial Express)

The Lok Sabha passed the Railways (Amendment) Bill 2024 on December 11, seeking to enhance the functioning and autonomy of the Railway Board. The Bill was approved by voice vote after extensive debate, with Railway Minister Ashwini Vaishnaw assuring that the amendments will not lead to the privatisation of Indian Railways. Responding to opposition concerns, Vaishnaw dismissed allegations of privatisation, calling them a fake narrative. He emphasised that the amendments are focused on improving operational efficiency and modernising the railways. 鈥淥ur goal is to strengthen Indian Railways, not privatise it,鈥� he said, urging the opposition to avoid misleading the public and work collaboratively towards sectoral reforms. Key features The Railways (Amendment) Bill aims to modernise governance and improve service delivery within Indian Railways. Key provisions include: 鈥� Enhanced independence: Granting greater autonomy to the Railway Board for efficient decision-making. 鈥� Operational efficiency: Streamlining processes to enhance functionality and responsiveness. 鈥� Global alignment: Updating administrative frameworks to meet international standards. Opposition members expressed fears that increased private-sector involvement could jeopardise affordability and accessibility for common citizens. Frequent disruptions delayed the debate, with opposition leaders arguing that the amendments might erode the public character of Indian Railways. However, the government firmly denied these claims. Vaishnaw reiterated that the railways would remain under public ownership and described the amendments as a step toward modernisation rather than privatisation. The passage of the bill signals the government鈥檚 commitment to revitalising Indian Railways through reforms that align with global best practices. As the amendments move toward implementation, attention will turn to their impact on operational efficiency, service quality, and public welfare, with stakeholders closely monitoring the outcomes. (Financial Express)

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement