Rail Safety Current Affairs

Railway Ministry, Italy’s FS group sign MOU for technical cooperation

The Union Ministry of Railways and Italy’s public sector rail company Ferrovie Dello Stato Italiane Group (FS Group) has signed MoU for technical cooperation in rail sector especially in the area of safety and modernisation.

The MoU comes in the backdrop of emphasis given Railway Ministry on safety in railway operation. The Railway Board has been directed to collaborate with the international experts to identify the best practices for rail safety.

Key Facts
  • Under the MoU, cooperation areas identified includes safety audit of Indian Railways and measures required for enhancing safety in train operation.
  • It also includes assessment and certification of advanced technology based safety products and systems to Safety Integrity Level.
  • It also includes training and competency development with focus of safety and modern trends in maintenance and diagnostic etc.
About FS Group

FS Group (Ferrovie Dello Stato Italiane Group) is fully owned by Italian Government and works in the Railway Sector and is under Ministry of Treasure, Italy. It is widely recognized at international level for it technical and managerial railway expertise as well as in many fields such as design and realization of High Speed and Conventional Lines, Safety Systems, Certification, Training and Operation and Maintenance. It operates more than 7,000 trains per day, carrying over 600 million/year of passengers and 50 million tons of freight on a railway network of more than 16,700 km.

Tags:

Finance Ministry to aid Rashtriya Rail Sanraksha Kosh for rail safety

The Union Finance Ministry has agreed to contribute partially to a new dedicated railway safety fund named as ‘Rashtriya Rail Sanraksha Kosh’ in the upcoming Union Budget 2017-18.

The proposed safety fund will be utilised for track improvement, bridge rehabilitation, rolling stock replacement, human resource development, improved inspection system and safety work at level crossing, among other things.

Key Facts
  • The Finance Ministry is likely to grant a fresh infusion of only Rs. 5,000 crore in the upcoming financial year out of the initial proposed corpus of Rs. 20,000 crore.
  • About Rs. 10,000 crore will be earmarked from the Central Road Fund (CRF) that is collected by levying a cess on diesel and petrol at present for safety-related work.
  • Railways may now be asked to fund the remaining Rs. 5,000 crore for the initial corpus from its own resources.
  • For this Indian Railway’s may either have to bring back a cess on rail tickets to finance its share of Rail Safety Fund or look to fund it from non-budgetary resources. 
Background

The Railway Ministry had requested the Union Finance Ministry to create ‘Rashtriya Rail Sanraksha Kosh’, a ‘non-lapsable’ safety fund of Rs. 20,000 crore over five years. Its request was based on the recommendations of a high-level safety review committee headed by Dr. Anil Kakodkar, former Chairman Atomic Energy Commission.  The Committee, in its report submitted in 2012, had projected an investment requirement of Rs. 1 lakh crore on safety over five years.

Tags:

12