Is government really selling railway?

Indian Railways will remain with the government of India. No privatization of Indian Railways! On Tuesday, Railway Minister Piyush Goyal asserted that the national transporter will never be privatized.

Is Indian railway going to be Privatised?

In a country of 1.3 billion, the Indian Railways plays an integral role running the world’s fourth largest rail network in the world—across 64,000 route km, ferrying nearly 23 million passengers per day in over 13,000 passenger trains daily.

Which company is selling by Modi govt?

The Modi government intends to privatise national carrier Air India and state-owned refiner Bharat Petroleum Corp Ltd this year, Tuhin Kant Pandey, Secretary, secretary, department of investment and public asset management (DIPAM) said at CII Annual Session, news agency ANI tweeted.

How many railway station Indian government sold?

A total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways are among the assets identified by the government for monetisation.

Is railway Privatisation good or bad?

Operating both private and railway trains on the same routes may lead to malpractice and corruption, pointed out by many rail passengers. However, former DRUCC member V Giri opined that private trains are a bad idea as private players are to be allowed only in five per cent of routes.

Is Air India getting sold?

The long-awaited sale of India’s national carrier Air India is now done. The Tata group has snapped up the loss-making airline four years after the government announced its intention to sell it. Air India is now back to the Tata stable, 68 years after the government nationalised it.

Does India need more privatization?

Privatization in India is a long-term process, lagging for so many years. It is an important step towards growth and good governance. With the pandemic, more responsibility rests with the government for taking the privatization drive in the right direction and fetching good results also.