It has been decided that from June 15, 2015, timings for booking of Tatkal tickets will be staggered for AC & non-AC classes to 1000 hours onwards and 1100 hours onwards respectively. Also, all types of ticketing agents (YTSK, RTSAs, IRCTC agents, etc.) will now be debarred from booking tickets during the first 30 minutes of opening of booking i.e. from 0800 to 0830 hours for general bookings, and from 1000 to 1030 hours & 1100 to 1130 hours for Tatkal booking in AC & non-AC classes respectively. Hence, now the reservation under Tatkal scheme will open at 1000 hours on the previous day of journey from train originating station for AC classes whereas that for non-AC classes will start at 1100 hours on the previous day of journey from train originating station.
Suresh Prabhakar Prabhu, Minister for Railways, Government of India, yesterday launched the IRCTC and Union Bank of India (UBI) RuPay Pre-paid Card at Rail Bhawan in New Delhi, stated a PIB release. He said that the Ministry is continuing its partnership with banks and financial institutions for the benefit of Railways and rail users. He said that the two institutions have come together to bring out this consumer-friendly product for the benefit of the railway users. It is in line with the Prime Minister’s big programme of financial inclusion, the Minister said.
Manoj Sinha, Minister of State for Railways, Government of India said that the-UBI RuPay Pre-paid cash card will help railway users.
This RuPay Pre-Paid card has been developed jointly by Indian Railway Catering and Tourism Corporation Ltd (IRCTC), a public sector undertaking under the Ministry of Railways, Union Bank of India and National Payment Corporation of India for the convenience of the travellers. The card is loaded with an amount as desired by customer and can be redeemable for rail ticket and buying goods and services on the IRCTC website. This card is the first-of-its-kind in the market where both virtual as well as physical cards are being issued to the customer in two variants – Partial KYC with a loading limit of Rs 10,000 and full KYC with a loading limit of Rs 50,000.
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NEW DELHI: Railway minister Suresh Prabhu has set up two committees in line with the promises made in his maiden rail budget last month, including Innovation Council ‘Kaya Kalp’ headed by former Tata Group chairman Ratan Tata to suggest ways to turn around the ailing organisation.
The other committee, under former DIPP secretary Ajay Shankar, has been set up to revamp ministry’s PPP (public private partnership) cell to get private investment. The PPP Cell is critical for the growth of Indian railways since getting funds for new projects has become a challenge. Shankar had earlier worked with Prabhu in power ministry as joint secretary and later additional secretary.
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Railways Ministry has decided to publicise and bring more awareness among train passengers. The text ‘All India Passenger Helpline No. 138’ will be printed on the front of the reserved as well as unreserved train tickets. Indian Railways provided the All India Helpline Number ‘138’ for passengers, as interface for queries or complaints related to medical emergency, cleanliness, food and catering, coach maintenance, linen, etc. The text “to report unsavoury situation during journey please dial railway Security Helpline No. 182” will also be printed at the back of the reserved and unreserved train tickets. Also the text “please carry valid identity proof” as appearing at the back of reserved train tickets (PRS) may be modified as “please carry original identity proof”. India railways catering & Tourism Corporation (IRCTC), a public sector undertaking the Ministry of Railways, has been directed to make necessary arrangements to ensure printing of the text on the hard copies as well as SMS of e-tickets.
MUMBAI: Life Insurance Corporation, the country’s biggest insurer, on Wednesday committed to invest Rs 1.5 lakh crore in Indian railways over the next five years. According to the terms of the memorandum of understanding signed by the two organisations, the railways will use the funds to augment its capacity. LIC will invest in bonds issued by various railway entities such as Indian Railways Finance Corporation, beginning next fiscal. There would be a five-year moratorium in interest and loan repayment. The bonds will have a tenor of 30 years and will be disbursed over the next five years.
“The rate is yet to be finalised,” LIC chairman SK Roy said. “Since it is a commercial decision, it would be a win-win situation for both.” LIC officials said the insurer is looking at returns of 10 basis points above the government benchmark bond, whose yield now is 7.76%. “These bonds should be priced 10 bps above the benchmark G-sec,” an LIC executive said.
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