LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

As projects pile up, Indian Railways turn to DPRs for those worth over Rs 50 cr

 Indian Railways: All works costing above Rs 50 crore shall be approved only after preparation of DPRs that  contai  detailed estimates, except for new lines and gauge conversion, according to a directive issued by the Railway Board last week. There are more than Rs 1 lakh crore worth of projects pending -- some of them for years -- across the country due to clearance hurdles and cost-escalations, adding to the financial burden of the cash-strapped Railways

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
As projects pile up, Indian Railways turn to DPRs for those worth over Rs 50 cr
Indian Railways: Several projects are stuck with issues like forest clearances, land acquisition, coastal zone regulation and other local issues. Image source: PTI
Written By: IANS
Updated: Sat, Mar 24, 2018
01:12 pm
IANS
RELATED NEWS
RRB NTPC Exam 2021 Admit Card released on rrbkolkata.gov.in —Check  details  RRB NTPC Exam 2021 Admit Card released on rrbkolkata.gov.in —Check details
WOW! Oscillation Trial: 180km per hour—WATCH new AC-3 tier coach clocks lightning speed  WOW! Oscillation Trial: 180km per hour—WATCH new AC-3 tier coach clocks lightning speed
 Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today
Indian Railways reactivates UTS ON MOBILE App in these zones Indian Railways reactivates UTS ON MOBILE App in these zones
Big HELP by Indian Railways! This man paid Rs 6011 instead of Rs 60 to a vendor! Check how RPF helped him get his money back Big HELP by Indian Railways! This man paid Rs 6011 instead of Rs 60 to a vendor! Check how RPF helped him get his money back

Faced with massive cost-overruns and procedural wrangles over certain projects, Indian Railways has decided against approving any works above Rs 50 crore without a detailed project report (DPR). All works costing above Rs 50 crore shall be approved only after preparation of DPRs that contai detailed estimates, except for new lines and gauge conversion, according to a directive issued by the Railway Board last week. There are more than Rs 1 lakh crore worth of projects pending -- some of them for years -- across the country due to clearance hurdles and cost-escalations, adding to the financial burden of the cash-strapped Railways. "Many projects have been pending for years without any substantial progress because these were taken up without any proper planning and detailed estimates," said a senior Railway Ministry official.

Several projects are stuck with issues like forest clearances, land acquisition, coastal zone regulation and other local issues.  "All this has not only caused cost-escalations but has resulted in a heavy backlog and burden on the financial condition of the Railways," he added. As per norms, budgetary allocations have to be made for each of these projects every year. If the projects are dropped, then the money allotted for them can be diverted to profitable and viable projects. But these can`t be deleted by the Railways as they were part of the budget and passed in Parliament and withdrawal has to happen after approval of Parliament.

According to last week`s decision, all these issues would be taken into account in the DPR and the project would be sanctioned on the basis of the detailed estimate now. If a DPR is prepared, only serious projects will come up and no frivolous or non-feasible ones will be taken up for consideration, the official said. In order to strengthen its project execution and monitoring mechanism, the Railways has also launched a web-enabled remote eye monitoring system developed by Rail Vikash Nigam Ltd (RVNL).

The national transporter has asked the RVNL to monitor important projects with the use of drones and project management software.

RVNL, a special purpose vehicle created by the Railways for execution of engineering works, has also been asked to develop a special web-enabled project management software to monitor rail projects which can be integrated with monitoring of plans, remote eye monitoring system and images captured by drones.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian Railways
RELATED NEWS
RRB NTPC Exam 2021 Admit Card released on rrbkolkata.gov.in —Check  details  RRB NTPC Exam 2021 Admit Card released on rrbkolkata.gov.in —Check details
WOW! Oscillation Trial: 180km per hour—WATCH new AC-3 tier coach clocks lightning speed  WOW! Oscillation Trial: 180km per hour—WATCH new AC-3 tier coach clocks lightning speed
 Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today
Indian Railways reactivates UTS ON MOBILE App in these zones Indian Railways reactivates UTS ON MOBILE App in these zones
Big HELP by Indian Railways! This man paid Rs 6011 instead of Rs 60 to a vendor! Check how RPF helped him get his money back Big HELP by Indian Railways! This man paid Rs 6011 instead of Rs 60 to a vendor! Check how RPF helped him get his money back

LATEST NEWS

Army widow to get pension after 12-year legal battle

Heranba IPO Allotment Status: Finalised! Didn't get shares? Waiting for refund? Know this important date

Sushmita Sen begins filming for 'Aarya 2' in Jaipur

NEET 2021 exam date latest news: Candidates check this big update

SBI account holder? Don't do this, or you will lose money; Bank issues WARNING - check 3 top tips

Mid-cap Picks with Anil Singhvi: Want big gains? 3 stocks to buy - Aarti Drugs, IRB Infra and Dalmia Bharat Sugar

JEE Main 2021 March application form released: See last date for application, exam dates and all other details here!

Patient dies after receiving AstraZeneca vax in S.Korea

Transformational Solutions shaping inclusive Connected Citizen Ecosystem

In chat with Anil Singhvi, analyst Vikas Sethi picks Phillips Carbon, L and T Finance as top buys for big gains

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved