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Passenger car major <keyword id="44883" type="General" weightage="100" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword> India Ltd had transported over 3.2 lakh vehicles in 2022 through Indian Railway and is setting up dedicated railway sidings at its facilities in Haryana (Manesar) and Gujarat, said a top company official. The company last year transported over 3.2 lakh vehicles using rail wagons, the highest in a calendar year since 2013 when the company got the Automobile Freight Train Operator (AFTO) license. "Going forward, we aim to further increase these numbers. For this, we are setting up dedicated railway sidings at our facilities in Haryana (Manesar) and Gujarat," <keyword id="13455711" type="General" weightage="50" keywordseo="hisashi-takeuchi" source="Orion">Hisashi Takeuchi</keyword>, Managing Director &amp; CEO, said. "Aligned with the Government of India's aim to reach net zero emissions by 2070, we have enhanced our efforts to reduce carbon footprint in our business operations. Our strategy to increase the use of rail mode in outbound logistics has resulted in dispatching record 3.2 lakh vehicles using railways in CY2022," he said. According to him, the use of railway wagons instead of trucks has resulted in offsetting around 1,800 MT of CO2 emissions. "In addition, we have been able to save over 50 million litres of fuel during the year which contributes to enhancing the energy security of our country," <keyword id="333559" type="General" weightage="50" keywordseo="takeuchi" source="Orion">Takeuchi</keyword> remarked. The share of railways in carrying Maruti Suzuki's cars is on the rise and last calendar year it was 17.1 per cent up from 13.9 per cent/2.2 lakh units in 2021. The AFTO license allows Maruti Suzuki to fabricate and operate high speed, high capacity autowagon rakes on the Indian Railways network. Maruti Suzuki uses 40 specially designed railway rakes to transport vehicles across the country. Each rake has a capacity to carry over 300 vehicles. Presently, the company uses loading terminals across Delhi-NCR and Gujarat and 18 destination terminals - Bangalore, Nagpur, Mumbai, Guwahati, <keyword id="46519" type="General" weightage="50" keywordseo="mundra-port" source="Orion">Mundra Port</keyword>, Indore, Kolkata, Chennai, Hyderabad, Ahmedabad, Delhi-NCR, Siliguri, Coimbatore, <keyword id="2094" type="General" weightage="50" keywordseo="pune" source="Orion">Pune</keyword>, Agartala, Silchar, Ranchi and Ludhiana- Maruti Suzuki said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/french-automaker-citroen-has-unveiled-its-ec3-electric-hatchback-ahead-of-its-india-launch/slidelist/97048865.cms">Citroen eC3 electric hatchback unveiled – range, booking date, and everything you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/mahindra-xuv400-electric-suv-launched-starting-at-15-99-lakh-range-specs-and-more/slidelist/97046819.cms">Mahindra XUV400 electric SUV launched starting at ₹15.99 lakh – range, specs and more</a>

Maruti Suzuki to increase transport of cars through rail wagons, to set up dedicated railway sidings

Chennai, Public sector major <keyword id="59700" type="General" weightage="80" keywordseo="coal-india-ltd" source="Orion">Coal India Ltd</keyword> (CIL) has chalked out Rs 24,750 crore investment for eco-friendly transportation of coal on 61 first mile connectivity (FMC) projects. The three phased investment project when completed will have a combined capacity of 763.5 million ton per annum (MTPA), the company said. FMC projects involve transportation of coal in mechanized piped conveyors from production point to coal handling plants/silos with rapid loading system where coal is loaded directly into <keyword id="1060490" type="General" weightage="20" keywordseo="rail-wagons" source="Orion">rail wagons</keyword>. According to the company, 35 FMC projects under the first phase having 414.5 MTPA capacity account for Rs. 10,750 crores. Eight projects of 112 MTPA capacity are already operational. CIL is gearing up to commission 17 more projects of 178 MTPA by FY 2024 end. The rest 10 comprising 124.5 MTPA capacity are expected to be operative by FY 2025, the company said. The second and third phase projects account for nine and 17 respectively. While their respective evacuation capacities are 57 MTPA and 292 MTPA, the investments sequentially, would be about Rs 2,500 crore and Rs11,500 crore. Under the second phase five projects of 21.5 MTPA capacity under construction are expected to be commissioned by FY 2025. Remaining projects are in different stages of progress with tenders issued and bid documents under preparation. For the third phase, tenders have been floated for three projects of 65 MTPA capacity. Nine projects are to be executed through mine developers and operators. The third phase projects are anticipated to be commissioned by FY 2029. Total eco-friendly coal evacuation would go up to 914.5 MTPA when all the 61 projects become operational by FY 2029, including the earlier capacity of 151 MTPA. FMC projects offer benefits like suppression of dust pollution and carbon emissions and reduce the load on road transportation leading to safety. Other benefits include precise quantity and quality coal is loaded for consumers with minimal manual intervention.

Coal India to invest ₹24,750 crore on eco-friendly transportation

<ul class="summary-list"><li>A freight train suspiciously went off rails after a reported explosion in Russian-occupied Crimea.</li><li>The railway blamed "interference by outsiders" for the derailment. </li></ul>A freight train suspiciously went off rails after a reported explosion in Russian-occupied Crimea, and railway authorities have blammed "outsiders." The train, which was carrying wagons of grain and traveling between the Crimean capital of Simferopol and the western port city of Sevastopol, derailed on Thursday morning, <a href="https://www.reuters.com/world/europe/crimea-official-says-railway-traffic-suspended-after-reported-blast-2023-05-18/">according to Reuters</a>. Eight trains were derailed, <a href="https://www.themoscowtimes.com/2023/05/18/crimea-railway-blast-derails-russian-train-reports-a81187" target="_blank" rel="noopener">The Moscow Times reported</a>. In a statement on Telegram, railway officials and Moscow-installed authorities said the derailment was caused by "interference by outsiders," Reuters translated. They did not elaborate on who the outsiders were. Before the derailment, Russian security services reported an explosion on the railway line, <a href="https://www.theguardian.com/world/live/2023/may/18/russia-ukraine-war-live-updates-kyiv-missile-strikes-attack?filterKeyEvents=false&amp;page=with:block-6465ca2d8f088021e118a7ea#block-6465ca2d8f088021e118a7ea" target="_blank" rel="noopener">The Guardian reported</a>. Crimean Governor Sergei Aksyonov — who was installed to oversee the illegally-annexed peninsula by Russian President Vladimir Putin in 2014 — <a href="https://t.me/Aksenov82/2506" target="_blank" rel="noopener">said</a> no one was injured by the event, The Guardian translated. <a href="https://www.rbc.ru/society/18/05/2023/6465bee69a7947e83ba3dc75?from=from_main_1">Russian state media</a> suggested the source of the explosion was near the village of Chysten'ke, which is on the outskirts of Simferopol. The Moscow Times reported that Russia has reported several acts of railway sabotage in recent months. Russia and Ukraine also recently agreed to extend the Black Sea Grain Initiative for another two months, which allows Ukraine to continue exporting grain to the world market.

A freight train suspiciously went off the rails after a reported explosion in Russian-occupied Crimea, and the railway is blaming 'outsiders'

<ul><li>The first special train with 50 water wagons holding 2 million litres of water, has reached <keyword id="12864" type="COMPANY" weightage="20" keywordseo="Chennai">Chennai</keyword></li><li>Chennai’s Metropolitan Water Supply and Sewerage Board CMWSSB aims to bring as much as 10 million litres of water every day from Jolarpet. </li></ul> The first special train with 50 water wagons holding 2 million litres of water, has reached Chennai from Vellore on Friday afternoon. And, this is only one of the many such trains. Chennai’s Metropolitan Water Supply and Sewerage Board CMWSSB aims to bring as much as 10 million litres of water every day from Jolarpet, to tide over its acute water crisis. India’s sixth largest city — which ran out of water after all its four primary reservoir dried up— is going to get drinking water by train almost after two decades. Three years back, a ‘Jaldoot’ made 111 trips to Maharashtra’s Latur supplying approximately 25 million litres. The Water Bill Tamil Nadu Chief Minister K. Palaniswami said that they spent as much as ₹65 crore on these trains. The total transportation bill itself can be as high as ₹8.67 lakh. Simply put, the CMWSSB will have to pay ₹3.17 per litre it bring by the rail route, <a href="https://thewire.in/urban/chennai-water-crisis-metrowater">wrote</a> Nityanand Jayaraman. The port city had also spent a huge amount of money to scoop water from the sea and making it fit to drink. Four of the city’s primary reservoirs with a total capacity of 11,257 have run dry. Only the Poondi reservoir which can hold over 3,000 mcft, now has a mere 16 mcft of water left. And, the city has few other options but to buy water. Bathing is a luxury Ever since the crisis came to the fore after a weak monsoon this year, 5 million of its residents have been drinking contagious water. Bathing has turned into a luxury, and so is washing utensils, as people save it all to drink. Queues are seen in every lane as they stand by waiting for water tankers, with bright neon plastic carriers. The city authorities are dispatching over 9,000 tankers everyday. Private companies too are supplying 5,000 tankers a day. The government is doing its best to tide over the crisis. But, experts say that the city needs a long-term solution for a problem that has been plaguing it for 50 years now.

The first special train carries 2 million litres of water to Chennai — but the quick fix might not solve its problems

<ul class="summary-list"><li>Ukraine's rail network has kept people, humanitarian aid, and cargo moving through a year of war.</li><li>But the trains run under the constant threat of Russian attacks on the rail infrastructure. </li></ul>Alexander Kamyshin will never forget the day he arrived in liberated Kherson, a war-torn city on the Dnieper River.The CEO of Ukraine's national rail service was on the first train to arrive in the southern city just days after it was <a href="https://www.businessinsider.com/putins-defense-chief-orders-retreat-in-kherson-major-setback-in-ukraine-2022-11">retaken</a> by Kyiv's forces last fall, freeing it after months of Russian occupation.Getting there was no easy task. Tracks and bridges damaged by fierce fighting had to be repaired, and deadly land mines threatening the safety of anyone coming through had to be disarmed before the train could pass. But when the train finally pulled in, it was greeted by the whole city — its arrival signaled freedom of movement, an influx of humanitarian aid, and the return of business with cargo flowing in and out."Some people say that railways is the lifeline of Ukraine," Kamyshin said in a recent interview with Insider. "That's why it's really important to bring back the connection to retaken cities."Kamyshin oversees Ukrainian Railways, the state-owned company that has kept Ukraine's economy and people moving through a brutal year of war. Its network of tracks spans across the entire country and into neighboring eastern European countries, allowing Ukraine to operate a massive transportation system even as air traffic remains suspended. Keeping the trains moving comes with significant danger for the company though as Russian forces attack the rail network around the clock, causing destruction to everything from the tracks to stations.<h2>'They rely on the railway'</h2>According to 2022 company data reviewed by Insider, Ukrainian Railways has helped evacuate millions of people from war-torn cities and transported thousands of civilians injured in Russia's assault. The company moved hundreds of thousands of tons of humanitarian aid through passenger trains and freight wagons and over 100 million tons of cargo — like grain, which was the country's biggest cargo export — from March to December of last year. <div type="image" title="Train conductors talk while standing near a train at the end of the shift on December 26, 2022 in Kyiv, Ukraine." height="4000" width="6000" msid="98236988" hostid="261" sizebytes="1364986"></div>In the early weeks of the war, the main focus was on evacuating civilians and providing humanitarian aid. Later, it became critical to get back to exporting key goods so that Ukraine could begin generating revenue. The more goods it can export, the less dependent it is on external financial aid. "It's extremely challenging during the war to keep the economy running," Kamyshin said. "And we are the main transport to bring grain and metals out of the country."Ukrainian Railways facilitated the movement of over 17 million people across the country, mainly from eastern and southern regions — where fighting has been more intense — to the western regions that have seen less combat. Because Ukraine is such a large country and it takes a while to traverse by car, Kamyshin said people opt to take the train because it's affordable, comfortable, and safe. <div type="image" title="Ukrainian soldiers are seen in an evacuation train in the direction of Lviv, at the railway station, in Pokrovsk, Ukraine on November 28, 2022." height="3333" width="5000" msid="98236991" hostid="261" sizebytes="1138930"></div>Given the importance of the rail system to Ukraine, on-time performance is crucial for Kamyshin and his team, and even though the company is operating under war-time conditions, the results have been impressive. He said Ukrainian Railways averaged around an 85 percent on-time rate during 2022, though there were days when the figure jumped up to 95 percent or higher. Earlier in February, Kamyshin <a href="https://twitter.com/AKamyshin/status/1623244366662737921?s=20">wrote</a> on social media that he had a record day for on-time performance, with 98 percent of trains departing on time and 97 percent arriving on time.On Sunday, Kamyshin <a href="https://twitter.com/AKamyshin/status/1627957257408286720?s=20">apologized</a> because the on-time arrival rate was "only" 90 percent, and that was because some trains had to be delayed as President Joe Biden made a <a href="https://www.businessinsider.com/biden-arrives-in-ukriane-surprise-visit-aides-were-worried-safety-2023-2">surprise trip</a> to Kyiv, where he met with Ukrainian President Volodymyr Zelenskyy. <div type="image" title="Several people board an evacuation train on March 3, 2022, in Kyiv." height="4480" width="6720" msid="98236993" hostid="261" sizebytes="2207102"></div>"This passion to be on time is a really important value for us. During the war, people should rely at least on something," Kamyshin said. "They rely on the president, they rely on the army, and they rely on the railway. They know that no matter what happens, we don't cancel trains. During the whole war, we never canceled any single train. We always keep running."<h2>'We decided we go up'</h2>Traveling by rail does not come without its risks. Russian forces bombard the network with artillery shells on a daily basis, Kamyshin said, inflicting widespread damage to the tracks, stations, bridges, and wagons. As soon as the shelling stops, repair teams go out and fix whatever is damaged. In one particularly deadly <a href="https://www.businessinsider.com/photos-russias-merciless-attack-at-kramatorsk-station-donbas-ukraine-2022-4#a-trail-of-blood-leads-to-the-railway-stations-booking-hall-2">attack</a> on the rail infrastructure, Russia troops fired rockets at a train station in the eastern Ukrainian city of <a href="https://www.businessinsider.com/russia-strike-ukraine-kramatorsk-train-station-people-evacuating-killed-2022-4">Kramatorsk</a> in early April 2022. Dozens of people, including children, trying to flee their homes were killed in the strike. <div type="image" title="Trains stand at a railway station depot on December 26, 2022 in Kyiv, Ukraine." height="4000" width="6000" msid="98236995" hostid="261" sizebytes="1602386"></div>Roughly 10 percent of the infrastructure controlled by Ukrainian Railways is occupied by Russian forces, Kamyshin said. But whenever Ukraine's military liberates territory, he gets tasked by the government in Kyiv to re-connect the train network to cities as soon as possible.Such was the case when Russian forces <a href="https://www.businessinsider.com/russian-forces-withdraw-kyiv-failure-capture-ukraine-capital-city-war-2022-4">withdrew</a> from around Kyiv last spring and when Ukraine launched a punishing <a href="https://www.businessinsider.com/biggest-surprises-russia-putins-months-long-devastating-war-ukraine-2022-12#the-kharkiv-counteroffensive-that-hit-in-the-northeast-as-everyone-was-looking-south-3">counteroffensive</a> in the northeast Kharkiv region at the end of the summer. The same happened in Kherson. "The whole war changes with time, and the main skill we should keep in mind is flexibility," Kamyshin said. The company has been forced to adapt throughout the conflict and make tough calls. Early on, "it was about making decisions daily, and not making a decision was much worse than making a wrong decision."<div type="image" title="A railway worker stands next to heavily damaged train after a Russian attack on a train station yesterday during Ukraine's Independence Day in the village Chaplyne, Ukraine, Thursday, Aug. 25, 2022." height="4000" width="6000" msid="98236998" hostid="261" sizebytes="1060476"></div>But even with the burdens of war, Ukrainian Railways also managed to innovate and expand during 2022. The company has secured dozens of new passenger rail cars and renovated several more, according to the data reviewed by Insider. It added several new domestic and international routes — going to places like Poland and Moldova. Existing lines connecting Ukraine with its neighboring countries were reconstructed and reopened, which is crucial for several reasons, Kamyshin explained. It keeps cargo moving so Ukraine can collect revenue from exports, and it helps transport Ukrainians to airports in other countries so they can leave the region. But it's also imperative for the country's national security: the more connections it has to Europe, the more secure Ukraine will be.It's these connections that play a major role in keeping Ukraine's economy afloat and fueling its war effort, and they have been used by foreign leaders visiting the country in a show of support and solidarity."From day one, I felt that I don't want just to survive. We want to keep developing. We want to keep growing, to keep constructing, and to keep doing new projects even during the war," Kamyshin said."Otherwise, we are out — it's up or out," he added. "We decided we go up."

How Ukraine's 'lifeline' railway runs even as Russia bombs it, according to a man fighting to keep the trains on time

<ul><li>A total of ₹ 32,000 crore will be paid to the winning bidder over a period of 35 years for the maintenance of these trains.</li><li>The financial bids will be opened in the next 45 days.</li><li>The <keyword id="46754" type="General" weightage="100" keywordseo="vande" source="Orion">Vande</keyword> Bharat trains are expected to be a big upgrade from the premium Rajdhani Express service. </li></ul> State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with <keyword id="112351" type="General" weightage="50" keywordseo="titagarh-wagons" source="Orion">Titagarh Wagons</keyword> and is among five entities which have bid for the mega ₹ 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years. Other players in the fray include French railway major Alstom; Medha-Stadler consortium between Swiss railway rolling stock manufacturer <keyword id="6793633" type="General" weightage="50" keywordseo="stadler-rail" source="Orion">Stadler Rail</keyword> and Hyderabad-based Media Servo Drives; Siemens along with BEML, and Russian rolling stock manufacturer <keyword id="6632056" type="General" weightage="50" keywordseo="transmashholding" source="Orion">Transmashholding</keyword> (TMH) along with an Indian firm. Officials said while ₹ 26,000 crore is the upfront payment on the delivery of the trains, ₹ 32,000 crore will be paid to the winning bidder over a period of 35 years for the maintenance of these trains. The <keyword id="6355455" type="General" weightage="50" keywordseo="indian-railways" source="Orion">Indian Railways</keyword> is now evaluating technical bids for the contract. The financial bids will be opened in the next 45 days. According to the tender document, the successful bidder has to produce a prototype of the sleeper class for Vande Bharat trains within 24 months. The Indian Railways is targeting to roll out the first sleeper version of Vande Bharat train by the first quarter of 2024. Till now, the railways has awarded contracts for manufacture of 102 Vande Bharat trains which are all chair car. The Vande Bharat trains are expected to be a big upgrade from the premium Rajdhani Express service. The sleeper class-version of these trains will be run on the routes to cover overnight rail journey like New Delhi-Patna, New Delhi-Lucknow and others. After four years of intensive work and planning, country's first and the second Vande Bharat trains as electric multiple units at semi-high speed, were flagged off by Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> in 2019 on the New Delhi-Varanasi and New Delhi-Katra in J&amp;K routes. The first VB train was flagged on the New Delhi-Varanasi route and the second one was on New Dehi-Katra route to provide fast rail transportation from the national capital to these pilgrim cities. The railway ministry is also working towards exporting these trains by 2026 to cover the international markets of South Africa and European countries. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/long-covid-linked-with-increased-body-weight-study/articleshow/95906210.cms">Long Covid linked with increased body weight : Study</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indias-mfg-pmi-hits-3-month-high-in-nov-amid-expansion-in-production-slowdown-in-inflation-sp/articleshow/95905921.cms">India's mfg PMI hits 3-month high in Nov amid expansion in production, slowdown in inflation: S&amp;P</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/wipro-infrastructure-engineering-acquires-pune-based-linecraft-ai-for-an-undisclosed-sum/articleshow/95905792.cms">Wipro Infrastructure Engineering acquires Pune-based Linecraft.ai for an undisclosed sum</a>

BHEL among 5 bidders for Rs 58,000 cr deal to manufacture, maintain 200 Vande Bharat trains

Indian markets brushed aside the tepid Railway Budget presented by Minister Suresh Prabhu and continued their downward trajectory as analysts were unable to find anything bullish for stocks at first glance. 
 
The Nifty crashed below the crucial 7,000-point support in afternoon trade and quoted at 6,976, down 41 points. The end of the monthly expiry of derivatives contracts also put intense pressure on stocks. 
 
Analysts said the budget's targets looked ambitious against the backdrop of meagre revenue picture of the Railways. 
 
Meanwhile, Prabhu told Parliament the Railways had planned for the following goals in the year to March 2017: 
 
* Operating Ratio of 92 percent. 
* Capacity expansion plan of 1.21 lakh crore rupees. 
* Life Insurance Corp to invest 1.5 lakh crore rupees in Railways over 5 years. 
* Track electrification of 2,000 km. 
* To set up 2 locomotive factories with an order book of 40,000 crore rupees. 
* Two new freight corridors to be set up 
* To lay more emphasis on existing corridors being constructed. 
* Announced 44 new projects 
* Prabhu remained quiet on a possible hike in passenger fares. 
 
Stocks of companies dealing with the Railways across its spectrum fell sharply. Wagon makers Titagarh, Kalindee and Tex Rail dropped 5 percent each. Electrical equipment makers Siemens and BEML edged lower. Railway Infrastructure providers GMR Infra and Lanco Infratech slipped in trade as well. 
 
(Image: Indiatimes)

Railway stocks crash after budget

The people have high expectations from the <keyword id="4183143" type="General" weightage="50" keywordseo="rail-budget" source="Orion">Rail Budget</keyword> as the Union Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> will present her fifth <keyword id="6358021" type="General" weightage="80" keywordseo="budget" source="Orion">Budget</keyword> on February 1. In its first term, the Modi government the Centre had linked the Rail Budget with the General Budget, under which the money for the <keyword id="6356740" type="General" weightage="100" keywordseo="railway" source="Orion">Railway</keyword>s is now provided. According to the information, the Centre is going to increase the Railway Budget this time by up to 20 per cent. Earlier, in the pre-Budget meeting, the Railway Board demanded 25-30 per cent more funds in the allocation of the Finance Ministry. In such a situation, the government can give a fund of about Rs 2 trillion to the Ministry of <keyword id="6360676" type="General" weightage="80" keywordseo="railways" source="Orion">Railways</keyword> in the Budget leading to an atmosphere of enthusiasm in sectors related to the Railways. There have also been various demands from the passengers. This is the last full Budget of the Modi government before the upcoming Lok Sabha elections. Along with this, before the 2024 Lok Sabha polls, elections will be held in 10 states of the country in this year, including big states like Rajasthan, Chhattisgarh, Madhya Pradesh, Karnataka, Telangana and Tripura, Meghalaya, Nagaland and Mizoram in the Northeast. Elections can be held in Jammu and Kashmir this year. In this Railway Budget, the Central government can announce many new railway facilities for passengers. It is believed that this time, the Rail Budget can prove to be an election budget, especially in those states where elections are to be held. This may result in some special announcements from the Centre for these states. However, the Union Ministry of Railways so far has achieved Rs 42,370 crore more revenue as compared to the previous financial year. The Railway's income has increased by 71 per cent, whereas earlier in 2021, there was a loss of Rs 26,338 crore, which led to the government decreasing the concessions provided to the common people. In view of the strong figures of Railways earnings, people from all sections have raised demands to again implement the subsidies, including the one where senior citizens above 60 years of age used to get up to 50 per cent discount before the Covid-19 pandemic, which has now been discontinued. According to the Railways, there is no plan in this Budget to give concession in rail tickets to senior citizens. The Central government will invest mostly in the modernisation of the Railways. Railways have also been focusing on building better domestic infrastructure for manufacturing trains. In this, plans are also being made to reduce foreign dependence. In this Budget, emphasis can be laid on making new Vande Bharat Express trains and Vande Bharat 2.0 with sleeper berth facilities. This train will work like the Rajdhani Express in which passengers will get the facility of sleeper AC coaches. In the Rail Budget 2023, a scheme of Rs 2.70 lakh crore can be announced for 500 Vande Bharat trains, 35 hydrogen trains, 5000 LHB coaches and 58000 wagons. Significantly, during the announcement of the last Rail Budget, the Finance Minister announced the National Rail Plan 2030, under which preparations were made for the development of the Railways. The Centre had talked about investing Rs 1 lakh crore, for the same. By December 2023, 100 per cent electrification of broad gauge railways will be completed. Similarly, a metro rail system is being prepared in two cities of the Tier-2 category and outer parts of Tier-1 category cities, under which Indian Railways will become the world's first 100 per cent green rail service by the end of this year. Along with this, the Centre can announce the adoption of hyperloop technology in the rail budget. In this, pods carrying passengers travel through tubes or tunnels. This technology is faster than bullet trains. Along with this, the government can make announcements regarding infrastructure in this Budget. However, under Vision 2024 projects, in the second half of the decade, multitracking and signalling upgrades of congested routes are targeted, in addition to the commissioning of new dedicated freight corridors and high-speed passenger corridors. The new railway track will be a part of the new vision document of Indian Railways and will be completed in a phased manner. In the next financial year, a target of laying about 4,000 km long lines can be fixed. An announcement to electrify a 7,000 km broad gauge line in the upcoming Budget can also be expected with an allocation of Rs 10,000 crore. With the electrification of a 7,000 km long broad gauge line, the target of electrifying the entire railway network will be achieved. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/govt-may-not-announce-capital-infusion-for-psu-banks-in-budget-2023-24/articleshow/97247553.cms">Govt may not announce capital infusion for PSU banks in Budget 2023-24</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/canara-bank-q3-profit-surges-92-to-2882-crore/articleshow/97245895.cms">Canara Bank Q3 profit surges 92% to ₹2,882 crore</a>

Railway Ministry sets in motion ₹ 2-trillion budgetary push

<div class="image-container float_right" style="width:480px"><div class="image">REUTERS/Xoan A. Soler/Monica Ferreiros/La Voz de GaliciaA wounded victim sits next to a body covered with a blanket after a <keyword id="41341" type="ORGANIZATION" weightage="60" keywordseo="train">train</keyword> crashed near Santiago de Compostela, northwestern <keyword id="6363645" type="COUNTRY" weightage="60" keywordseo="Spain">Spain</keyword>, July 24, 2013. At least 56 people died after a train derailed in the outskirts of the northern Spanish city of Santiago de Compostela, the head of Spain's Galicia region, Alberto Nunez Feijoo, told Television de Galicia.</div></div>SANTIAGO DE COMPOSTELA, Spain (Reuters) - A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday night, on the eve of a major religious festival, killing at least 78 people and injuring up to 131 in one of Europe's worst rail disasters.
In what one local official described as a scene from hell, bodies covered in blankets lay next to the overturned carriages as smoke billowed from the wreckage after the disaster.
Firefighters clambered desperately over the twisted metal trying to get survivors out of the windows, while ambulances and fire engines surrounded the scene. Cranes were still pulling out mangled debris on Thursday morning, 12 hours after the crash.
The government said it was working on the assumption the derailment was an <keyword id="6354769" type="ENTERTAINMENT" weightage="60" keywordseo="accident">accident</keyword>.
One official source said speeding was a likely cause of the derailment, which occurred as the train reached a curve in the track, but the public works minister said it was too early to draw conclusions on what had happened.
El Pais newspaper cited sources close to the investigation as saying the train was travelling at over twice the speed limit on a sharp curve and Santiago's mayor said the train was probably going too fast.
"We heard a massive noise and we went down the tracks. I helped getting a few injured and bodies out of the train. I went into one of the cars but I'd rather not tell you what I saw there," Ricardo Martinez, a 47-year old baker from Santiago de Compostela, told Reuters.
<div class="image-container" style="width:800px"><div class="image">REUTERS/Oscar CorralRescue workers pull victims from a train crash near Santiago de Compostela, northwestern Spain, July 24, 2013. At least 35 people were killed and 50 injured when a train derailed on the outskirts of the northern Spanish city of Santiago de Compostela on Wednesday in one of the country's worst rail disasters. Bodies covered in blankets lay next to carriages as smoke billowed from the wreckage a few hundred meters away from the entrance to the city's main station.</div></div>
The Santiago de Compostela train operated by state rail company Renfe, which had 247 people on board, derailed as the city prepared for the renowned festival of Saint James, when thousands of Christian pilgrims from across the world pack the streets.
The city's tourism board said all festivities, including the traditional High Mass at the centuries-old cathedral, had been cancelled as the city went into mourning following the crash.
Passenger Ricardo Montesco told Cadena Ser radio station the train approached the curve at high speed, twisted and wagons piled up one on top of the other.
"A lot of people were squashed on the bottom. We tried to squeeze out of the bottom of the wagons to get out and we realized the train was burning. ... I was in the second wagon and there was fire. ... I saw corpses," he said.
Prime Minister Mariano Rajoy, who was born in Santiago de Compostela, the capital of Galicia region, visited the site on Thursday morning. He was due to go to the main hospital later in the day and hold an emergency meeting with local authorities.
"In the face of a tragedy such as just happened in Santiago de Compostela on the eve of its big day, I can only express my deepest sympathy as a Spaniard and a Galician," he said in a written statement late on Wednesday.
<div class="image-container" style="width:800px"><div class="image">REUTERS/Monica Ferreiros/La Voz de GaliciaRescue workers help a victim of a train crash near Santiago de Compostela, northwestern Spain, July 24, 2013. At least 56 people died after a train derailed in the outskirts of the northern Spanish city of Santiago de Compostela, the head of Spain's Galicia region, Alberto Nunez Feijoo, told Television de Galicia MANDATORY CREDIT.</div></div>INVESTIGATION
Both Renfe and state-owned Adif, which is in charge of the tracks, had opened an investigation into the cause of the derailment, Renfe said.
The official source said no statement would be made regarding the cause until the black boxes of the train were examined, but said it was most likely an accident.
"We are moving away from the hypothesis of sabotage or attack," he said. "It's too early to be 100 percent sure but speeding is a likely cause for the accident."
Santiago mayor Angel Curras told Cadena Ser radio: "It seems the speed of the train was likely not the right one."
Clinics in Santiago de Compostela were overwhelmed with people flocking to give blood, while hotels organized free rooms for relatives. Madrid sent forensic scientists and hospital staff to the scene on special flights.
The <keyword id="6355784" type="PERSON" weightage="60" keywordseo="death">death</keyword> toll was 78, a spokeswoman for Galicia's Supreme Court said, adding that the figures were still provisional. Judges in Spain are responsible for recording deaths.
Up to 131 people were injured, a Galicia-based spokeswoman for the office of the central government said earlier.
"The scene is shocking, it's Dante-esque," said the head of the surrounding Galicia region, Alberto Nunez Feijoo,in a radio interview. He said he had declared seven days of official mourning in the Galicia region.<div class="image-container" style="width:800px"><div class="image">REUTERS/Oscar CorralRescue workers pull victims from a train crash near Santiago de Compostela, northwestern Spain, July 24, 2013. At least 35 people were killed and 50 injured when a train derailed on the outskirts of the northern Spanish city of Santiago de Compostela on Wednesday in one of the country's worst rail disasters. Bodies covered in blankets lay next to carriages as smoke billowed from the wreckage a few hundred meters away from the entrance to the city's main station.</div></div>NO BUDGET CUTS
The eight-carriage train was travelling from Madrid to Ferrol on the Galician coast when it derailed, Renfe said ina statement.
The disaster stirred memories of a train bombing in Madrid in 2004, carried out by Islamist militants, that killed 191 people, although officials do not appear to suspect an attack this time.
Spain is struggling to emerge from a long-running recession marked by government-driven austerity to bring its deeply indebted finances into order.
But Adif, the state railways infrastructure company, told Reuters no budget cuts had been implemented on maintenance of the line, which connects La Coruna, Santiago de Compostela and Ourense and was inaugurated in 2011.
It said more than 100 million euros a year were being spent on track maintenance in Spain.
Firefighters called off a strike to help with the disaster, while hospital staff, many operating on reduced salaries because of spending cuts, worked overtime to tend the injured.
The city's festival focuses on St James, one of Jesus' 12 disciples, whose remains are said to rest there and who is patron saint of Galicia.
The apostle's shrine is the destination of the famous El Camino de Santiago pilgrimage across the Pyrenees, which has been followed by Christians since the Middle Ages.
Wednesday's derailment was one of the worst rail accidents in Europe over the past 25 years.
In November 2000, 155 people were killed when a fire in a tunnel engulfed a funicular train packed with skiers in Austria.
In Montenegro, up to 46 people were killed and nearly 200 injured in 2006 when a packed train derailed and plunged into a ravine outside the capital, Podgorica.
In Spain itself, 41 people were killed the same year when an underground train derailed and overturned in a tunnel just before entering the Jesus metro station in Valencia.
(Additional reporting by Inmaculada Sanz, Sonya Dowsett, Sarah White, Andres Gonzalez, Blanca Rodriguez, Julien Toyer, Emma Pinedo and Raquel Castillo; Writing by Sonya Dowsett and Julien Toyer; editing by Mike Collett-White and Barry Moody)

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