COVID-19: Highest ever single day recoveries of 54,859 today (See 'TOG News')Goyal to dedicate Railway Museum at Hubballi to Nation (See 'TOG News')Agri Infrastructure Fund to generate job opportunities in rural economy: HM (See 'TOG News')I-T - Dismissal of appeal for being filed in name of a non-existent company amalgamated with another entity, is not tenable, where the court omits to consider an order passed by the HC regarding automatic transfer of litigations of transferor companies to transferee: HC (See 'TOG Latest')I-T - ATM units qualify as computers & are eligible for higher rate of depreciation - expenses incurred on taking premises on lease & on improving them qualify as revenue expense as such premises do not belong to the assessee & no capital asset arises therefrom: HC (See 'TOG Latest')Central Excise - Violation of principles of natural justice are per se insufficient to invoke extraordinary jurisdiction of High Court - issue of denial of opportunity to cross examine relevant witnesses can also be canvassed before the Tribunal: HC (See 'TOG Latest')VAT - An exemption notification has to be interpreted in a strict manner without adding any words to it - Carbide tip tools are treatable as consumable goods & are entitled for exemption, since they lose their utility upon use by the purchases & cease to remain tools or cutting devices: HC (See 'TOG Latest')Tomar, Goyal flag off first 'Kisan Rail' (See 'TOG News')Health Ministry engages with Districts reporting higher COVID-19 mortality (See 'TOG News')TP - Where main relief is granted on the basis of one reason, the adjudication of exclusion of a comparable company for other reasons may not be necessary - rectification application seeking adjudication of secondary grounds, need not be entertained: ITAT (See 'TOG Latest')I-T - Quantum of additions made on account of bogus purchases merits being restricted, where AO relies solely on information sourced from DGIT (Inv) without conducting independent inquiry & where assessee too fails to disprove such charges: ITAT (See 'TOG Latest')Central Excise - It is settled position in law that CENVAT credit is allowed in respect of Cargo Handling Services used for clearance of final product from the port for export: CESTAT (See 'TOG Latest')Central Excise - Goods which are not removed from factory without payment of duty, do not become contravening goods & so are not liable for confiscation - similarly, provisions of CEA 1944 do not enable seizure or confiscation of raw materials: CESTAT (See 'TOG Latest')NEP is based on holistic approach: PM (See 'TOG News')Is there a time limit to avail ITC of GST paid under Reverse Charge? PART-II (See 'THE INSIGHT')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

TOG NEWS

Railways aims for more freight & passenger traffic for higher revenue
By TOG News Service
Dec 13, 2019

TOG NEWS SERVICE, NEW DELHI, DEC 13, 2019: THE Minister of Railways and Commerce & Industry, Mr Piyush Goyal today mentioned that any organisation to do good work must respond to the feedback from all its stakeholders. Presiding over the Parliamentary Consultative Committee of MPs of the Ministry of Railways, Mr Piyush Goyal expressed gratitude to the Prime Minister, Mr Narendra Modi for ensuring availability of adequate funding for railway projects. He said that improvement in the system is a continuous process. He pointed out that improvements in the safety, cleanliness, punctuality and infrastructure development of Railways has been quite spectacular in the last five years. Work on all projects has progressed at a very fast pace, including improvement in facilities for passengers at railway stations and in the trains. Mr Piyush Goyal appreciated the change in the mindset and reorientation of work culture in the Railways and said that this drastic change would not have been possible without the whole-hearted contribution and involvement of the railway personnel who are working with passion and compassion.

Referring to the recently held two-day conference Parivartan Sangoshthi of senior railway officers, the Minister said that a large number of innovative ideas were discussed with approximately 300 officers who participated in New Delhi and with more than 1000 who participated via video conferencing. More than 2300 suggestions were received from about 430 officers which would help in laying out a roadmap for the future development of Railways in India. He said that the mission of the Railways is to increase the freight and passenger traffic and increase the revenue earnings of Railways. Expressing his appreciation for the suggestions put forward by the MPs participating in the meeting, the Minister said that the elected representatives convey the sentiments of the people who are major stakeholders of the services provided by the railways. Mr Piyush Goyal talked about a more rational approach for creating new halts/stoppages of the trains.

Earlier, Minister of State of Railways, Mr Suresh C. Angadi said that Railways are the lifeline of the country's economy. He said that the cooperation of the State Governments is very essential in the completion of the projects. He said that there should be no compromise on matters like safety, cleanliness and punctuality. Emphasising on the complexity of the railway operations, Mr Angadi said that the Indian Railways carries about 2.3 crore passengers everyday which is almost equal to the total population of Australia. The vision of the railways must be very clear that it has to serve the people of India.

The Members of Parliament participating in the meeting highlighted various issues like the construction of over and under bridges, doubling of railway lines, the facilities being provided to passengers at railway stations and in the trains, additional connectivity of backward areas by introducing new trains or extending the existing ones, fast-tracking of works already sanctioned, medical facilities for passengers, proper utilization of railway land and use of solar power for locomotives. Some members appreciated the tremendous progress made by the Railways over the last five years and said that railways are next only to the defence forces in providing service with dedication to the people. Some other suggestions made by members included rationalization of train fares, improvement of punctuality of goods trains and printing of price of food items.

Chairman, Railway Board, Mr Vinod Kumar Yadav, all other Members of the Railway Board and Senior Officers of the railways were also present in the meeting. A presentation titled “Indian Railways : Lifeline of the Nation” was made before the Members of the Consultative Committee in which all relevant details like modernisation of infrastructure, railway assets and operations, earnings and expenditure, key issues like financing of plan outlay, capital expenditure and prioritisation of projects, enhancing safety and digital transformation of the railways were included.