There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, industry body Indian Steel Association (ISA) on Thursday said. Managing logistics requirements is still challenging and costly for many steel makers in India, ISA Secretary-General Bhaskar Chatterjee said in the Indian Steel Markets Conference 2021 organised by mjunction. mjunction, a joint venture between Tata Steel and the Steel Authority of India Ltd, is a business-to-business e-commerce company that also publishes research reports on coal and steel verticals. Noting that the steel production and consumption of the metal are expected to grow on the back of government initiatives, the transportation of raw materials to steel mills and finished steel to demand centres is an area to be looked at, he said in his address.
Not moving fast can derail the Railways
Railways Changing tracks - BISWARANJAN ROUT×
Capex has to be well executed, given the cost of borrowings. The salaries and pensions outgo is unsustainable
Faced with parlous finances prior to the pandemic outbreak, Indian Railways needs to seize the moment, adapt its mammoth, moribund apparatus to operate in a new paradigm amidst emerging competition, volatile customer demands, besides rapidly evolving technologies.
The Railways needs to first acknowledge it is indeed terminally sick. It has for long been living far beyond its means, a reality deftly camouflaged. For the last few years it drastically curtailed appropriation to DRF from ₹7,775 crore in 2014-15, to a meagre ₹400 crore in 2019-20, ₹200 crore in 2020-21, and provided for ₹800 crore in 2021-22.
Visual of the virtual conference addressed by Union Minister Piyush Goyal (Photo/Twitter)
With biggest ever capex availability, Railway to become catalyst of change to make India Aatmanirbhar: Goyal ANI | Updated: Feb 04, 2021 22:07 IST
New Delhi [India], February 4 (ANI): Calling the Union Budget 2021-22 historic for Indian Railways, Union Minister Piyush Goyal on Thursday said that the highest capital expenditure (CapEx) for Indian Railways will act as a huge catalyst to revitalise the economy and lead Indian Railways towards Aatmanirbhar Bharat.
Speaking on the budgetary provisions for Indian Railways, he said that Indian Railways is marching ahead on its bigger plan like achieving 100 per cent electrification by 2023, Net Zero Carbon Emission network by 2030, modernisation of railways, ease of ticket booking, online freight services.
Railways to be catalyst of change for Aatmanirbhar Bharat: Goyal
By IANS |
Published on
Thu, Feb 4 2021 22:51 IST |
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Piyush Goyal. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 4 : Railways Minister Piyush Goyal on Thursday said that the 2021 Budget has focussed on infrastructure projects in Indian Railways and the highest capital expenditure will act as a huge catalyst to revitalise the economy and lead towards Aatmanirbhar Bharat.
Addressing a press conference, he said that Indian Railways is marching ahead on its bigger plan like achieving 100 per cent electrification by 2023, net zero carbon emission network by 2030, modernisation, ease of ticket booking, and online freight services.
Calling the Union Budget 2021-22 historic for Indian Railways, Union Minister Piyush Goyal on Thursday said that the highest capital expenditure (CapEx) for Indian Railways will act as a huge catalyst to revitalise the economy and lead Indian Railways towards Aatmanirbhar Bharat.
Speaking on the budgetary provisions for Indian Railways, he said that Indian Railways is marching ahead on its bigger plan like achieving 100 per cent electrification by 2023, Net Zero Carbon Emission network by 2030, modernisation of railways, ease of ticket booking, online freight services.
Thus, Indian Railways is on the verge of becoming a Future Ready network, the Railways Minister said.