RBI Update

RBI says prospects brightening for economy as second wave of COVID-19 wanes

  The central bank added that the trajectory of inflation is shifting down more favourably than anticipated.  Prospects are brightening for the economy achieving escape velocity from the pandemic as the second wave wanes and preparedness for the future remains on war-alert status, the Reserve Bank of India (RBI) bulletin said on September 16. Aggregate […]

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Swachh Survekshan 2018 ranked 4,203 Cities

The Ministry of Housing & Urban Affairs has embarked upon one of the most ambitious programmes undertaken in the world for Urban renaissance for rejuvenating and transforming Indian cities through a number of initiatives including infusion of more than Rs. 6,85,758 crore for ensuring citizen friendly urban areas. The transformation has been undertaken by way […]

Modernization of Railway Tracks with Latest Technology

Modernisation/improvements of railway track on the Railways is a continuous process. The various steps taken by Railways in this regard are as under: • Laying of track structure consisting of 60 kg/90 Ultimate Tensile Strength (UTS) rails on Pre-stressed Reinforced concrete (PSC) sleepers with 1660 sleepers per km at the time of renewals, laying of […]

Steps taken by Railways to Curb Malpractices in Ticket Reservation

Indian Railways has taken a large number of measures to keep a check on the activities of unscrupulous elements involved in malpractices in reservation, some of which are as under:- 1. Joint as well as independent checks are conducted by Commercial, Vigilance & Security Departments (Railway Protection Force) to curb the activities of unscrupulous elements. […]

Repair and Improvement of Old Coaches

Improvement in coaches is a continuous process on Indian Railways (IR). Several steps have been taken by IR in this regard: • The coaches running on IR are given periodic maintenance as per norms wherein all the safety and amenity fittings are examined for good working condition and defective components are repaired or replaced. Proper […]

Regular Inspections for Quantity, Quality & Overcharging of Food in Indian Railways

Ministry of Railways issued a new Catering Policy on 27/02/2017. Under this Indian Railways provide catering services in trains as per the prescribed standard and tariff. Regular and surprise inspections are conducted to check quality, quantity and overcharging of food on Indian Railways. All complaints including those pertaining to overcharging are dealt strictly. Stringent punitive […]

Sebi fines 2 entities for non-genuine trades

Markets regulator Sebi has imposed a total penalty of Rs 10 lakh on 2 entities for engaging in non-genuine transactions, which created artificial volume in the illiquid stock options on the BSE. The Securities and Exchange Board of India (Sebi) conducted an investigation into the trading activities of certain entities in illiquid stock options at […]