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Freedom To Set Their Own Fares to Private Railways: Government

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4 years ago

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The government will allow private companies to set passenger fares once they start operating rail services in the country, a move aimed at attracting investors, as the administration headed by Prime Minister Narendra Modi opens the network railway.

“Private actors have the freedom to set tariffs in their own way,” said VK Yadav, Chairman of the Railway Board. But “air-conditioned buses and planes also operate on these routes, and they should keep this in mind before setting fares.”

Rail fares are politically sensitive in India, where trains carry as many passengers every day as the Australian population, and part of the country’s poor depend on the sprawling network for their transport. As the network has been beset by decades of neglect and inefficient bureaucracy, PM Modi’s administration has invited private companies to participate in everything from modernizing stations to operating trains.

Moreover, the decision to partially open the rail sector comes as PM Modi finds himself with limited fiscal space to support Asia’s third-largest economy, which is struggling with its first contraction in more than four decades.

Alstom SA, Bombardier Inc, GMR Infrastructure Ltd and Adani Enterprises Ltd are among the companies that have expressed interest in these projects, Yadav said. These projects can generate investments of more than 7.5 billion dollars over the next five years, according to estimates by the Ministry of Railways.

Modernizing the railways is crucial for Prime Minister Modi, who is betting on low-cost loans from Japan to build the country’s first high-speed train by 2023. The government has taken steps to increase the speed of railways. passenger trains that can sometimes crawl slowly.

The government asked companies to indicate their interest in running passenger trains on 109 origin-destination routes via 151 trains in July, and sought investor interest in upgrading railway stations, especially in New Delhi and in Mumbai. The current rail network is both congested and aging, dating back to British colonial rule in 1853.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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