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Showing posts from July, 2020

Privatization of Indian Railways

The Ministry of Railways has announced that it would be moving towards the privatization of 109 railway routes. The Indian railways are the world's fourth-largest network. The government plans an Rs. 30,000 Crore investment from the private sector.  According to the ministry, the objective of this is to modernize the railway, reduce traveling time, create jobs, and enhance safety along with better experience. The department also stated that the private trains would be equivalent or faster than the already existing trains on the same route.  The private sector will also be responsible for the maintenance and operating of these costs and will have to pay haulage and energy charges to the Indian Railways, and the driver and guard will be from the Indian Railways. The Indian Railways has been a burden on the government due to its losses. The affordable prices of the railways, limit the revenue generated by the government, and privatizing the railway could help ease this bu