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Privatisation

Privatisation of Indian Railways

7th July – Privatisation of Indian Railways

Privatisation of Indian Railways Indian Railways has launched the process of opening up train operations to private entities (partial privatisation) on 109 origin destination (OD) pairs of routes using 151 modern trains. It has invited Request for Qualifications proposals, for scrutiny of vendor capabilities, from those who can bring modern trains for operations on existing …

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Privatisation

13th June – Privatisation of PSBs

Privatisation is not a panacea for PSBs If news reports are to be believed, the government is likely to designate banking as a strategic sector under the new privatisation policy. This will allow the government to own a maximum of four public sector banks (PSBs), and thus, some PSBs which have not been included in …

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18th February – Railways privatisation model

Context– The Kashi Mahakal Express is the country’s third ‘corporate’ train after the two Tejas Express trains between Delhi-Lucknow and Mumbai-Ahmedabad started over the past few months. What is this model? In this model, the corporation takes all the decisions of running the service– fare, food, onboard facilities, housekeeping, complaints etc. Indian Railways is free …

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18th October – Railways Privatisation

Indian Railways has launched itself on the road to privatisation by flagging off the Tejas Express running between Lucknow and Delhi and announcing plans to privatise the running of as many as 150 passenger trains. Details – The Tejas Express will be run by IRCTC, a subsidiary of the Railways. So there is not much …

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