Cabinet Approves Trimming Of Railway Board: Piyush Goyal
The restructuring of Railways will end departmentalism, Railway Minister Piyush Goyal said on Tuesday, after the Union Cabinet approved the downsizing of the strength of the Railway Board from eight to five, including the chairman, and merging its different cadres and departments into a single entity.
Instead of Railway Board Members for Traffic, Rolling Stock, Traction and Engineering, the newly constituted board will have five members which will include Members for Operation, Business Development, Infrastructure and Finance among others, he said.
Indian Railways will now have only one cadre -- Indian Railway Service, instead of the current eight services for various departments, including Engineering, Traffic, Mechanical and Electrical. The Railways will also now have just two departments -- Railway Protection Force and Medical Service Department -- with all its other departments coming under one Railway Management System.
"The restructuring will ensure end of departmentalism and smooth operations," Mr Goyal said. Sources said this was done to ensure the end of turf wars among the different cadres and departments which was harming railway operations.
Restructuring of the Railway Board was also recommended by the Bibek Debroy Committee on Indian Railways in 2015. The panel said in its report that the Indian Railways' centralised structure and departmentalisation was adversely affecting the Railways' work culture and narrowing its approach to department-specific goals.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.