Railways Initiatives
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1. Ensure track-laying plans are adhered to, eg. BG gauge conversion & DFCs are completed by 2022.
2. Take up and complete various connectivity projects on time and at cost, including expansion, doubling, suburban railways, bullet trains, new DFCs, tunnels & bridges, etc.
3. Electrify the entire BG (of remaining 28,800km) by 2022, and successfully implement all the steps to realise benefits, eg. enough new electric locos or converted diesel locomotives.
4. Ensure digitization and advanced signalling are pushed to the maximum extent.
5. Fast-track station modernisation along with commercial premises. Add where necessary, other infra such as multi-modal terminals, multiple exits to street-level, foot-over bridges & gangways, disabled access, escalators & lifts, security fencing, CCTV cameras, disabled-friendly WCs, roof-top solar panels. rainwater harvesting, real-time information displays, etc.
6. Progress mechanisation as per plan for laundries, sweeping, platform access, vending machines.
7. Ensure railway management is systematically improved and privatization is promoted where possible.
8. Strive to grow freight & passenger volumes and improve the operating ratio. Ensure freight rates are brought down, and all types of freight is facilitated so that dependency on coal is reduced.
9. Fine-tune Train-18 (160kmph Vande Bharat Express), and complete development of Train-19 (sleeper trainset) and Train-20 (180+kmph light-weight trainset).
10. Layout an aggressive path for implementing semi-HSR rail on most frequented routes and complete track and other necessary upgrades. Ensure strong roll-out of fast all-electric trainsets.
11. Ensure higher speeds on passenger and freight trains, by addressing various needs like removal of speed restrictions, high powered locos, passenger trains with automatic doors & ventilation, slots for freight trains, upgraded signalling, doubling, etc (see below).
12. Ensure track safety (by fencing, clearing encroachments, underground/ elevated tracks through built-up area, etc), fire safety in trains & depots, automated collision avoidance through technology, adequate track renewal & maintenance backed by automated rail-crack detection (optimised selection with AI), automated track laying where possible, upgraded track specifications and proper design & execution of railway projects.
13. Enhance passenger safety including fencing and securing perimeters of railway stations, GPS tracking of trains, CCTV with artificial intelligence, rapid security response, detection of firearms and explosives, emergency assistance.
14. Ensure high quality and safe trains, coaches and train-sets are deployed and old stock is removed in a progressive manner.
15. Enhance passenger travel experience in premium or reserved coaches including bio-vacuum toilets in every coach, consistently high food quality, automated doors and air cooling, broadband connectivity, real-time information, cleanliness, high quality IT platform & services, etc. Ensure good standards are provided for unreserved classes.
16. Specific proposals or 100-day action plan i) semi-HSR track for Delhi-Howrah (1525km, Rs 6,700cr) and Delhi-Mumbai (1483km, Rs 6,800cr). ii) remove all 2,568 manned LC on the Golden Quadrilateral and Diagonals over 4 years, as a special measure using 100% safety funds. iii) add wi-fi facility in remaining 4880 stations by 100 days. iv) corporatize 7 production units & workshops to bring in modern working practices & technologies. v) pilot projects for advanced signalling. vi) deploy 10MHz spectrum in 700MHz frequency (if given to IR at affordable cost) for safety (signalling, operations in fog), higher capacity, security and passenger services. vii) "complete technology revamp" with paperless IR working (e-office) complete by 2yrs , and upgrading of Passenger Reservations and Railway Information systems. viii) rightsizing the ministry and merit-based selection of board and zones. xi) redevelopment of 50 more railway stations.
http://www.irtsa.net/pdfdocs/100-Days-Action-Plan-of-Ministry-of-Railways.pdf
2. Take up and complete various connectivity projects on time and at cost, including expansion, doubling, suburban railways, bullet trains, new DFCs, tunnels & bridges, etc.
3. Electrify the entire BG (of remaining 28,800km) by 2022, and successfully implement all the steps to realise benefits, eg. enough new electric locos or converted diesel locomotives.
4. Ensure digitization and advanced signalling are pushed to the maximum extent.
5. Fast-track station modernisation along with commercial premises. Add where necessary, other infra such as multi-modal terminals, multiple exits to street-level, foot-over bridges & gangways, disabled access, escalators & lifts, security fencing, CCTV cameras, disabled-friendly WCs, roof-top solar panels. rainwater harvesting, real-time information displays, etc.
6. Progress mechanisation as per plan for laundries, sweeping, platform access, vending machines.
7. Ensure railway management is systematically improved and privatization is promoted where possible.
8. Strive to grow freight & passenger volumes and improve the operating ratio. Ensure freight rates are brought down, and all types of freight is facilitated so that dependency on coal is reduced.
9. Fine-tune Train-18 (160kmph Vande Bharat Express), and complete development of Train-19 (sleeper trainset) and Train-20 (180+kmph light-weight trainset).
10. Layout an aggressive path for implementing semi-HSR rail on most frequented routes and complete track and other necessary upgrades. Ensure strong roll-out of fast all-electric trainsets.
11. Ensure higher speeds on passenger and freight trains, by addressing various needs like removal of speed restrictions, high powered locos, passenger trains with automatic doors & ventilation, slots for freight trains, upgraded signalling, doubling, etc (see below).
12. Ensure track safety (by fencing, clearing encroachments, underground/ elevated tracks through built-up area, etc), fire safety in trains & depots, automated collision avoidance through technology, adequate track renewal & maintenance backed by automated rail-crack detection (optimised selection with AI), automated track laying where possible, upgraded track specifications and proper design & execution of railway projects.
13. Enhance passenger safety including fencing and securing perimeters of railway stations, GPS tracking of trains, CCTV with artificial intelligence, rapid security response, detection of firearms and explosives, emergency assistance.
14. Ensure high quality and safe trains, coaches and train-sets are deployed and old stock is removed in a progressive manner.
15. Enhance passenger travel experience in premium or reserved coaches including bio-vacuum toilets in every coach, consistently high food quality, automated doors and air cooling, broadband connectivity, real-time information, cleanliness, high quality IT platform & services, etc. Ensure good standards are provided for unreserved classes.
16. Specific proposals or 100-day action plan i) semi-HSR track for Delhi-Howrah (1525km, Rs 6,700cr) and Delhi-Mumbai (1483km, Rs 6,800cr). ii) remove all 2,568 manned LC on the Golden Quadrilateral and Diagonals over 4 years, as a special measure using 100% safety funds. iii) add wi-fi facility in remaining 4880 stations by 100 days. iv) corporatize 7 production units & workshops to bring in modern working practices & technologies. v) pilot projects for advanced signalling. vi) deploy 10MHz spectrum in 700MHz frequency (if given to IR at affordable cost) for safety (signalling, operations in fog), higher capacity, security and passenger services. vii) "complete technology revamp" with paperless IR working (e-office) complete by 2yrs , and upgrading of Passenger Reservations and Railway Information systems. viii) rightsizing the ministry and merit-based selection of board and zones. xi) redevelopment of 50 more railway stations.
http://www.irtsa.net/pdfdocs/100-Days-Action-Plan-of-Ministry-of-Railways.pdf
Banking and credit Initiatives
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1. Improve bank efficiency though mergers, partnerships, rationalisation, new technology, bundling, etc
2. Resolve regulatory capital inadequacy of weak PSU banks (ie. exit from PCA) and stop possible contagion from a non-bank financial institution default.
3. Enhance PSU bank capital to support much higher lending, as there is unrequited demand for bank credit. Ensure adequate funds for infrastructure loans under private-public partnerships.
4. Expand Post Office bank branches and services by making links to Bharatnet, satellite or other modes of broadband access. Ensure all bank financial transactions are reported in real-time, suspicious transactions are flagged and adequate bank scrutiny takes place by regulatory authorities.
5. Ensure financial soundness of banks by improving credit risk assessments and by stipulating rules for reducing systematic risks in the loan portfolio.
6. Improve credit to private sector by encouraging formalisation of the economy, by providing access to official economic records (with consent of borrower), like GST records, customs records, and by improving effectiveness of external auditing and rating agencies.
7. Generate regular supply of economic data through detailed economic surveys, automated traffic flow data, e-way bills, digital hospital admissions data, etc. so that detailed market analysis can be done.
8. Further increase the collection of micro-data by automated data input (eg retail point of sale, compulsory digital tickets, common GST invoicing portal, online transactions under Govt e-market). Encourage payment by digital methods.
9. Improve understanding of industry clusters to increase credit. Take measures to enhance the viability and credit-worthiness of industry clusters (eg. relaxed labour laws, complete value chains, logistics).
10. Streamline export credit guarantee mechanisms to reduce risks, reduce transaction costs and margins, and considerably improve off-take even without subsidy. Negotiate with RBI for using part of the forex reserves for export credit.
5. Ensure financial soundness of banks by improving credit risk assessments and by stipulating rules for reducing systematic risks in the loan portfolio.
6. Improve credit to private sector by encouraging formalisation of the economy, by providing access to official economic records (with consent of borrower), like GST records, customs records, and by improving effectiveness of external auditing and rating agencies.
7. Generate regular supply of economic data through detailed economic surveys, automated traffic flow data, e-way bills, digital hospital admissions data, etc. so that detailed market analysis can be done.
8. Further increase the collection of micro-data by automated data input (eg retail point of sale, compulsory digital tickets, common GST invoicing portal, online transactions under Govt e-market). Encourage payment by digital methods.
9. Improve understanding of industry clusters to increase credit. Take measures to enhance the viability and credit-worthiness of industry clusters (eg. relaxed labour laws, complete value chains, logistics).
10. Streamline export credit guarantee mechanisms to reduce risks, reduce transaction costs and margins, and considerably improve off-take even without subsidy. Negotiate with RBI for using part of the forex reserves for export credit.
June 26th, 2019
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