Indian Navy inks MoU with Geological Survey of India for sharing off-shore data on seabed sediments & Oceanographye-NAM - Govt holds workshop to bolster agri logistics (See 'TOG News')Boeing extends 737 Max aircraft return to JulyInnovative technology holds key to bridging economic gap: MoS (See 'TOG News')Consumers prefer plastic bottles; will try to recycle more, says Coca ColaDTAA - Interest income earned by Foreign bank which is beneficial owner as per respective Treaty provision, is not taxable in India: ITAT (See 'TOG Latest')I-T - When there is no inordinate delay on part of the Revenue in issuing refund order, payment of interest u/s 244A is not warranted: ITAT (See 'TOG Latest')Customs - Forged scrip - Duty liability cannot be fastened on the appellant being a bona fide purchaser of such DEPB scrips: CESTAT (See 'TOG Latest')Central Excise - Two SCNs issued on the basis of the same EA-2000 report but contrary to each other - Orders set aside & matter remanded: CESTAT (See 'TOG Latest')Technology should be low-cost & inclusive: Prasad (See 'TOG News')Atal Innovation Mission & UNDP host Youth Co:Lab Innovation Challenge (See 'TOG News')TP - Transfer pricing adjustment which does not hold test of legal sanctity as per provisions of Section 144C(10), is invalid: ITAT (See 'TOG Latest')I-T - Section 46A is charging provision for gains arising from buy-back of shares & would prevail over general provision u/s 45 for taxing capital gains arising on transfer of capital asset: ITAT (See 'TOG Latest')Customs - When penalty is imposed on partnership firm, separate penalty cannot be imposed on its partner: CESTAT (See 'TOG Latest')Central Excise - Fraudulent availment of credit without receipt of inputs - There is an entry at Information Collection Centre of the State VAT showing that goods passed through it to reach assessee's factory - Credit cannot be denied: CESTAT (See 'TOG Latest')SVLDRS, 2019 needs to be extended further (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.