INDIAN RAILWAY FINANCE CORPORATION

five-member-panel-on-privatization-of-railway-stations-&-trains

Five-member panel on privatization of railway stations & trains

Railways ministry has constituted a five-member committee in the chairmanship of NITI Aayog CEO Amitabh Kant to look into the matter of privatization of railway stations and trains on various routes. The committee has to look into the matter of developing 50 stations across the country as world class besides handing over 150 trains to private operators for better service.

Other members in the group included chairman of Railway Board, finance commissioner, finance and urban development secretaries and member of railway board besides some other members. The committee has been asked to complete its work and submit its report in one year.

Proposal to constitute such a committee was given to the railways ministry by NITI Aayog only. NITI Aayog CEO Amitabh Kant had written a letter to Railway Board chairman Vinod Yadav in this regard in which dissatisfaction was expressed over the development of stations and suggestions were given to take some measures.

11 Oct 2019
vijay-kumar-gets-additional-charge-of-irfcl

Vijay Kumar gets additional charge of IRFCL

Vijay Kumar (IRAS:1982), Additional Member (Budget), Railway Board, took over the additional charge of Managing Director, IRFC w.e.f. July 26. The post fell vacant following the premature departure of S K Pattanayak (IRAS). The ACC had appointed Pattanayak for a period of five years whereas he repatriated after mere 17 months long stint.

IRFC has been the dedicated borrowing arm of Indian Railways which has financed a substantial component of Railways’ capital investment programme through financial lease mechanism, and recently successfully diversified into financing construction projects for Indian Railways.

02 Aug 2018
five-member-panel-on-privatization-of-railway-stations-&-trains

Five-member panel on privatization of railway stations & trains

By IndianMandarins 11 Oct 2019

Railways ministry has constituted a five-member committee in the chairmanship of NITI Aayog CEO Amitabh Kant to look into the matter of privatization of railway stations and trains on various routes. The committee has to look into the matter of developing 50 stations across the country as world class besides handing over 150 trains to private operators for better service.

Other members in the group included chairman of Railway Board, finance commissioner, finance and urban development secretaries and member of railway board besides some other members. The committee has been asked to complete its work and submit its report in one year.

Proposal to constitute such a committee was given to the railways ministry by NITI Aayog only. NITI Aayog CEO Amitabh Kant had written a letter to Railway Board chairman Vinod Yadav in this regard in which dissatisfaction was expressed over the development of stations and suggestions were given to take some measures.

vijay-kumar-gets-additional-charge-of-irfcl

Vijay Kumar gets additional charge of IRFCL

By IndianMandarins 02 Aug 2018

Vijay Kumar (IRAS:1982), Additional Member (Budget), Railway Board, took over the additional charge of Managing Director, IRFC w.e.f. July 26. The post fell vacant following the premature departure of S K Pattanayak (IRAS). The ACC had appointed Pattanayak for a period of five years whereas he repatriated after mere 17 months long stint.

IRFC has been the dedicated borrowing arm of Indian Railways which has financed a substantial component of Railways’ capital investment programme through financial lease mechanism, and recently successfully diversified into financing construction projects for Indian Railways.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.