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As On 22-Jan-2018
SENSEX
35,798.01
286.43 (0.81%)
NIFTY
10,966.20
71.50 (0.66%)
EQUITY
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  • Railway Proposes to Set Up ‘SRESTHA'- A R&D Organization Bringing Most of IR Companies Under an Umbrella of a Holding Company

    The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today announced to set up a R&D organization, a Special Railway Establishment for Strategic Technology & Holistic Advancement, ‘SRESTHA.' RDSO will now focus only on day to day issues while SRESTHA would drive long term research. SRESTHA would be headed by an eminent scientist reporting directly to Chairman, Railway Board and would be staffed with scientists and a limited number of Railway experts. RDSO functioning will be made totally transparent with time bound results.

    The Railway Minister also proposed the Aekikaran – Consolidation of Holding Companies of Railways. Shri Prabhu said that the companies owned by Indian Railway are its assets with immense future potential. We propose to examine the feasibility of bringing most of these companies under an umbrella of a holding company which would provide the necessary strength for leveraging the combined resources as also in providing the much needed flexibility in utilizing the strength of each of the subsidiaries

    The Railway Minister added that for ensuring delivery of quality services to its customers, IR needs to be equipped with modern and cutting edge technology. Priority areas of IR, like High Speed Rail, heavy haul, rolling stock and signalling require us to collaborate with the best in the world. In the short term, we have partnered with some of the best railways to develop indigenous capability in these areas. To institutionalise and take forward such cooperation in key technology areas, the Government is working on a Foreign Rail Technology Cooperation Scheme (FRTCS).

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Flash News 22-Jan-2018
  •  ( 14:56) Jubilant FoodWorks hits all-time high  
  •  ( 14:32) Sensex, Nifty scale fresh record high  
  •  ( 14:23) Axis Bank Q3 PAT up 25.34% at Rs 726.44 crore  
  •  ( 14:15) Market extends gains  
  •  ( 14:05) GNFC Q3 PAT up 241.29% at Rs 227.88 crore  
  •  ( 11:39) Godawari Power posts cons. PAT of Rs 74.40 crore in Q3  
  •  ( 11:01) Apollo Micro Systems sees strong debut  
  •  ( 10:57) J Kumar Infraprojects receives contract from DMRC  
  •  ( 10:57) L&T launches 2nd patrol vessel for Indian coast guard  
  •  ( 10:56) Confidence Petro starts LPG stations in TN, Maharashtra  
  •  ( 10:48) Hindustan Oil Exploration Q3 PAT up 207.9% at Rs 12.87 crore  
  •  ( 10:31) Positive market breadth  
  •  ( 08:50) S&P upgrades Greek debt for first time in two years  
  •  ( 08:00) ONGC acquires Govt's 51.11% stake in HPCL  
  •  ( 07:56) Wipro cons. Q3 PAT down 11.85% at Rs 1930.10 crore QoQ  
  •  ( 07:55) RIL cons. Q3 PAT up 25.5% at Rs 9445 crore  
Show News
22 January 2018 15:42
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