Railways to create safety fund worth over Rs.1 lakh crore


New Delhi, Dec 16 (IANS): The central government on Wednesday informed parliament that Indian Railways is in the process of creating a massive fund worth over Rs.1 lakh crore to improve its safety standards.

According to Minister of State for Railways Manoj Sinha, the Railway Board has constituted a committee for putting up the consolidated proposals for creation of a ‘Rashtriya Rail Sanraksha Kosh' (RRSK).

"Ministry of Railways has constituted a committee for creation of a RRSK amounting to Rs.110,237 crore," Sinha said in a written reply to a question in the Lok Sabha.

The minister elaborated that the committee has Railway Board executive director, civil engineering (planning), as convener.

In addition, the committee has as its members the executive directors of finance expenditure-I, signal (development), electrical energy management, mechanical engineering (project), directorates. .

  

Top Stories


Leave a Comment

Title: Railways to create safety fund worth over Rs.1 lakh crore



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.