PM Narendra Modi Chaired Cabinet Committee on Economic Affairs Approves Restructuring of Indian Railway Board, Merges 8 Railway Civil Services
The cabinet committee's decision means that the Railway Board, the apex body of the railways, will now have four members and chairperson. The decision was taken in order to cut down the losses, said a source close to the development.
New Delhi, December 24: The restructuring of the powerful railway board in order to make it "lean" was taken by the cabinet committee on economic affairs chaired by Prime Minister Narendra Modi on Tuesday. The cabinet also merged eight railway civil services. As a result of the cabinet meeting, the existing eight Group A services of the Railways will be reorganised into a Central Service known as the Indian Railway Management Service (IRMS). Indian Railways to Spend Rs 18,000 Crore to Run Trains at 160 Kmph on Delhi-Howrah and Delhi-Mumbai Route.
The cabinet committee's decision means that the Railway Board, the apex body of the railways, will now have four members and chairperson. The decision was taken in order to cut down the losses, said a source close to the development. Indian Railways Trains With Low Occupancy May Offer 25% Discounts on Chair Cars And Executive Seats.
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As part of the ongoing reforms, the Indian Railways also decided to modernize its signalling system on its entire network by implementing Modern Train Control system with LTE based MTRC. This is one of the most ambitious modernization projects of Indian Railways, which envisages the upgradation of the signalling system for improving safety, line Capacity and to run trains at a higher speed.
Accordingly, a work of modernization of signalling system on entire Indian Railway network has been included in works programme 2018-19 at a cost of Rs 77,912 Crores, to be implemented after approval of NITI Aayog, Extended Board for Railways (EBR) and sanction of CCEA.
(The above story first appeared on LatestLY on Dec 24, 2019 06:35 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).