Indian Railways News

[Anupu]

corporatise railways?

Bad idea!!

 

[Physx32]

Bad idea!!

What? Do you even know what it means? Recently OFB was corporatised and broken into several entities.

The same should be done for railways. Break the giant, useless, bureaucratic organisation into separate listed PSUs (operations, manufacturing, construction, etc.).

 

[Anupu]

What? Do you even know what it means? Recently OFB was corporatised and broken into several entities.

The same should be done for railways. Break the giant, useless, bureaucratic organisation into separate listed PSUs (operations, manufacturing, construction, etc.).

With too much debt, a corporatized railway will become the mother of all PSU leaches. At least right now the losses are on the books of the exchequer forcing improvements in operating ratios.

PS: also a lot of railway "departments" have already been corporatized like IRCON.

 

[Anupu]

With too much debt, a corporatized railway will become the mother of all PSU leaches. At least right now the losses are on the books of the exchequer forcing improvements in operating ratios.

remember you can privatize a lot of PSUs but there will be no buyers for the railway.

 

[Suryavanshi]

What? Do you even know what it means? Recently OFB was corporatised and broken into several entities.

The same should be done for railways. Break the giant, useless, bureaucratic organisation into separate listed PSUs (operations, manufacturing, construction, etc.).

There already are plenty but yes they may make space for more, IRCON is one or those.
Does anyone remember horrors of pre IRCTC railway? It isn't paradise now but surely won't do Away with IRCTC
Same way individuals factories and maintenance yards can be corporatised and some even privatized.

 

[Suryavanshi]

remember you can privatize a lot of PSUs but there will be no buyers for the railway.

There will be buyers buy you have to sign off all the liabilities.

 

[Anupu]

There will be buyers buy you have to sign off all the liabilities.

Bhai, no buyer will run trains with ticket prices as they are now. India is still a poor country, but eventually one day perhaps.

 

[Suryavanshi]

Bhai, no buyer will run trains with ticket prices as they are now. India is still a poor country, but eventually one day perhaps.

They don't have to run train necessarily, there are other peripheral jobs such as Cleaning, Maintenance as well as manufacturing.
Laying tracks can be entirely off loaded to private entities. Will save some much needed expenditure.

 

[Anupu]

They don't have to run train necessarily, there are other peripheral jobs such as Cleaning, Maintenance as well as manufacturing.
Laying tracks can be entirely off loaded to private entities. Will save some much needed expenditure.

All of this is corporatized and privatized.

 

[Suryavanshi]

@Anupu have you used services of urban company?
Think of something like that.

 

[Suryavanshi]

All of this is corporatized and privatized.

Such as?

 

[Anupu]

@Anupu have you used services of urban company?
Think of something like that.

Bhai railways ka size dekh, if we corporatize it, all the loss will be hidden on the books till one day till blows up in our face in Air India. And we won't find a buyer for it. First, let our median incomes rise then let's talk about this.

 

[Anupu]

Such as?

most station and train cleaning is on contract, ticketing is corporatized, and so is food and cleaning. Some coach factories are operated by private companies.

Indian locomotive class WAG-12 - Wikipedia

en.wikipedia.org

Alstom builds this bad boy in Electric Locomotive Factory, madhepur which it partially owns. There are limits to privatization.

 

[Suryavanshi]

Bhai railways ka size dekh, if we corporatize it, all the loss will be hidden on the books till one day till blows up in our face in Air India. And we won't find a buyer for it. First, let our median incomes rise then let's talk about this.

Do not agree on this sarkari mai bap culture kills innovation.

 

[Physx32]

With too much debt, a corporatized railway will become the mother of all PSU leaches. At least right now the losses are on the books of the exchequer forcing improvements in operating ratios.

The exact opposite will happen. Corporatisation and public listing will force railways to improve efficiency, finances, reduce obscene and colonial employee benefits, and maintain operating ratio close to 1. There are several PSUs (like BHEL) which are loss making.

Right now railways is leeched by IRSE babus and employees.

 

[Anupu]

Do not agree on this sarkari mai bap culture kills innovation.

Idealism and realism are very different, the railway world over is mostly public, and private railways are very rare. It's like building private roads. In the end, infrastructure has to be built using public money.

 

[Physx32]

remember you can privatize a lot of PSUs but there will be no buyers for the railway.

Corporatisation != privatisation

There will plenty of buyers for 10-20% shares just for the dividends.

 

[Suryavanshi]

most station and train cleaning is on contract, ticketing is corporatized, and so is food and cleaning. Some coach factories are operated by private companies.

Indian locomotive class WAG-12 - Wikipedia

en.wikipedia.org

Alstom builds this bad boy in Electric Locomotive Factory, madhepur which it partially owns. There are limits to privatization.

Check again most regular safari karamchari fall in group D. Special bidding is invited once or twice a month for proper cleaning and maintenance.

Also Alstom isn't Indian.

 

[Physx32]

Bhai railways ka size dekh, if we corporatize it, all the loss will be hidden on the books till one day till blows up in our face in Air India. And we won't find a buyer for it. First, let our median incomes rise then let's talk about this.

Clown logic. No point arguing with you.

 

[Anupu]

The exact opposite will happen. Corporatisation and public listing will force railways to improve efficiency, finances, reduce obscene and colonial employee benefits, and maintain operating ratio close to 1. There are several PSUs (like BHEL) which are loss making.

Right now railways is leeched by IRSE babus and employees.

With operating ratio of 107.39%, Railways could not generate surplus in 2021-22: CAG

The CAG said that the entire profit of Rs 36,196 crore from freight traffic was utilized to cross subsidize/compensate the loss on operation of passenger and other coaching services. The loss of Rs 32,073 crore from passenger operations was left uncovered during 2021-22, it said.

www.zeebiz.com

.

Again it's a question of scale, the Power sector in India is also a hidden debt burden, and this government is trying its level to stop losses generated from the whole spectrum of bad PSUs. Abhi tak toh it's not successful.

Financial deficit of power sector halves to 8% during FY20-22

AEML, UGVCL, MGVCL, DNHPDCL of Dadra & Nagar Haveli and PGVCL were amond the top five discoms in the country accordig to the rating

www.livemint.com

What happens when the government is a bit more callus?