Rail Budget to Enhance Auto Industry Usage of Railways: Industry Body
Several measures announced in the Rail budget such as enhanced port connectivity and setting up of private freight terminals will enhance auto industry's utilisation of railways for vehicle transportation and reduce cost of operations, industry body Society of Indian Automobile Manufacturers (SIAM) said on Tuesday.
Welcoming the announcements made by Railway Minister Sadananda Gowda in Parliament, SIAM said various suggestions from the auto industry have been accepted in the Rail Budget.
"Enhanced port connectivity, automatic rebate for return load and setting up of private freight terminals and logistics parks under PPP mode were specific recommendations made by the auto industry which have been accepted by the Railway Minister," SIAM president Vikram Kirloskar said.
Terming the Rail budget as forward looking and progressive, he said these measures along with the facility of online bookings of wagons will help the automobile industry in enhancing its utilisation of railways for transporting its products more efficiently, thereby reducing cost of operations.
The Rail budget incorporates many of the recommendations SIAM had been making to the Railway Board for the last 3-4 years, he added.
"Forward looking initiatives like introduction of Bullet Trains and FDI in Railways would also enable the country to modernise its rail transport system to match the best in the world," Kirloskar said.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
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.
