Why railway safety is off track
Business Standard|June 05, 2023
Railway Board flagged grave safety issues in review meetings in April and May
DHRUVAKSH SAHA
Why railway safety is off track

RED FLAGS

  • In a review meeting in April, the Railway Board chairman had flagged the 37% rise in consequential accidents as a 'matter of grave concern'
  • Board sought focus on issues of track, signalling and operations, and 'systemic deficiencies'. Signalling interference is one of the possibilities being probed in the Odisha accident
  • SECR and East Coast Railway crew found working beyond 12-hour shifts; no improvement in these metrics was found despite a serious case of rear-end collision on April 19

The three-train collision in Odisha that left 275 dead and 803 injured is being seen as one of the worst accidents in independent India's rail history, and has brought focus back on the lack of safety at the national transporter. Despite record budgetary allocations for infrastructure upgrade and safety, consequential rail accidents increased by 37 per cent in 2022-23. Many of these accidents involved goods trains, with most not reporting casualties.

According to senior officials, a train accident is considered consequential in one or more of the three scenarios- total communications failure for over three hours after the accident (partial failure for six hours), value of damages over ₹2 crore, and loss of life.

The data was shown in an official safety review meeting conducted by the Ministry of Railways in April, the record of which was released to all railway zones on May 8. In the meeting, CEO and Chairman of Railway Board Anil Lahoti had flagged the rise in consequential accidents as a "matter of grave concern", according to the minutes.

Bu hikaye Business Standard dergisinin June 05, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye Business Standard dergisinin June 05, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Business Standard

India-Pak WC clash could fetch $4,800 a second in ad spend

Global firms are splurging on advertising for the upcoming cricket match between India and Pakistan to be held in the US, tapping into the spending power of the South Asian diaspora.

time-read
1 min  |
June 08, 2024
Bureaucracy braces for change with hope and apprehension
Business Standard

Bureaucracy braces for change with hope and apprehension

Officials fear re-emergence of coalition politics may lead to delayed or disjointed decisions

time-read
3 dak  |
June 08, 2024
Business Standard

'Tax origin not suitable to measure budgetary devolution to states'

Using the \"origin of tax collection\" as an indicator to decide the budgetary devolutions can further accentuate the already high levels of fiscal inequalities among the states, a recent study published in The India Forum journal says.

time-read
1 min  |
June 08, 2024
Business Standard

DISCREPANCIES IN TECHNICAL BIDS - Govt likely to give two weeks to ACC PLI applicants

The central government is planning to give a two-week window to the applicants of the 10 GWh tranche of the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme to submit all the necessary documents, Business Standard has learnt.

time-read
2 dak  |
June 08, 2024
Moody's flags concerns over coalition challenge
Business Standard

Moody's flags concerns over coalition challenge

Says reduced political stability might erode investor confidence

time-read
2 dak  |
June 08, 2024
Business Standard

ET Money suspends transactions in Quant MF schemes

Online mutual fund (MF) distribution platform ET Money on Friday said it had suspended fresh lumpsum investments and SIP registration in Quant MF schemes owing to pending 'business and operational integration' with the fund house.

time-read
1 min  |
June 08, 2024
Business Standard

Mirae Asset mulls $150 mn infusion into Sharekhan

South Korea's financial services major Mirae Asset Capital Markets plans to infuse over $150 million into retail broking arm Sharekhan for expansion into wealth and portfolio management business, said sources.

time-read
1 min  |
June 08, 2024
Business Standard

MARKET CRASH AFTER POLL RESULTS - Plea urges SC to direct govt, Sebi to investigate

A lawyer has filed an application before the Supreme Court \"to direct\" the government and the market regulator to give a report on the share market crash and loss to investors after election results Tuesday.

time-read
2 dak  |
June 08, 2024
Markets make sharp recovery but a third of stocks still in red
Business Standard

Markets make sharp recovery but a third of stocks still in red

PSES, Adani, infra stocks among laggards

time-read
2 dak  |
June 08, 2024
Business Standard

Sebi plans to open CDS market for MFs

The Securities and Exchange Board of India (Sebi) is planning steps that will increase participation and allow greater flexibility for mutual funds (MFs) in the credit default swap (CDS) market.

time-read
2 dak  |
June 08, 2024