Indian Railways stations with 100000 footfalls will only get escalators now
The Indian Railways will install escalators at stations with a minimum footfall of 100,000 passengers per day. Earlier, it was decided that escalators will be installed at stations with 25,000 footfalls per day
The Indian Railways will install escalators at stations with a minimum footfall of 100,000 passengers per day. Earlier, it was decided that escalators will be installed at stations with 25,000 footfalls per day. Now, many new Indian Railways stations where footfall is less than 100,000 will be out of purview of this facility, as all the major stations have already escalators. The Indian Railways reportedly took the step to reduce the cost, as an escalator costs about Rs 1 crore.
Earlier it was decided that stations which had annual revenue between Rs 8 crore and Rs 60 crore and at least 25,000 footfalls were eligible for the facility. “We are reviewing the requirements as per the latest guidelines and accordingly new escalators would be installed,” IANS quoted a senior official as saying. The move was taken to facilitate smooth movement of passengers, especially old and physically-challenged people.
The idea of installation of escalators at a large number of stations did not find favour with Prime Minister Narendra Modi. The Prime Minister suggested installation of escalators only at the busiest major stations. However, according to the report, almost all the major stations with 100,000 footfalls already have escalators, therefore, the new policy would not have much impact.
However, there are few exemptions in the new guidelines which allows installation of escalators even if the latest criteria is not met in some cases.
Prime Minister, the Railway Minister, a Parliamentary Committee or elected representative can make specific request for installation of an escalator at any station even if the criteria is not met. In state capitals or at the zonal level also exception can be made. The Indian Railways is trying hard to improve its financials in recent years. It is taking all the steps to improve the national transporter's financial health.
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.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
03:18 PM IST