BIG news for train passengers! Indian Railways gets THIS project worth Rs 25,000 crore—Check this Indigenously-developed system that will help prevent TRAIN ACCIDENTS
Keeping safety of public and security services at stations and in trains in mind, the Central government has approved allotment of 5 MHz Spectrum in 700 MHz frequency band to the Indian Railways, said a statement from the Ministry of Railways.
Keeping safety of public and security services at stations and in trains in mind, the Central government has approved allotment of 5 MHz Spectrum in 700 MHz frequency band to the Indian Railways, said a statement from the Ministry of Railways. The project that is said to be completed in 5 years will likely incur estimated investment of more than Rs. 25,000 Crore.
See Zee Business Live TV Streaming Below:
Giving a boost to ‘Aatmanirbhar Bharat’ mission, with this spectrum, Indian Railways has envisaged to provide LTE (Long Term Evolution) based Mobile Train Radio Communication on its route. The purpose of the LTE for Indian Railways is to provide secure and reliable voice, video and data communication services for operational, safety and security applications. It will be used for modern signalling and train protection systems and ensure seamless communication between loco pilots and guards. It will also enable Internet of Things (IoT) based remote asset monitoring especially of coaches, wagons & locos, and live video feed of CCTV cameras in the train coaches to ensure efficient, safer and faster train operations.
The Spectrum charges may be levied based on formula basis as prescribed by Department of Telecommunications for Royalty Charges and License Fee for Captive use as recommended by Telecom Regulatory Authority of India.
Besides, Indian Railways has approved TCAS (Train Collision Avoidance System), an indigenously developed ATP (Automatic Train Protection) System, which will help in avoiding train collisions thereby reducing accidents and ensuring passenger safety.
It brings a strategic shift in Railways’ operations and maintenance regime. It will help in improving the safety and increasing the line capacity to accommodate more trains using the existing infrastructure. The modern rail network will result in reduced transportation cost and higher efficiency. Also, it will attract multinational industries to set up manufacturing units to fulfill the ‘Make in India’ mission and generate employment.
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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
07:45 AM IST