IRDA For Special Status To Railways’ Bonds

IRDA For Special Status To Railways’ Bonds

The Insurance Regulatory and Development Authority of India (Irda), Indian Railways and Life Insurance Corporation of India are in disagreement over the ‘status’ of the proposed borrowing by the Railways as the regulator demands that the funds belonging to millions of common insurers be ring-fenced as stipulated by regulations, two people familiar with the developments said.

Railways To Go Ahead With Global Tender

Railways To Go Ahead With Global Tender

The Indian Railways has decided to go ahead with its global tender for rails despite stiff opposition from the steel ministry, which had flagged the government’s policy of giving preference to domestic manufactured iron and steel for government procurement.

Indian Railways To Use Artificial Intelligence

Indian Railways To Use Artificial Intelligence

Aiming to reduce the possibilities of signals failing, Indian Railways has undertaken remote condition monitoring of the system, a new approach for the national transporter, to predict failures through the effective use of Artificial Intelligence.

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