Indian Railways train sets in demand globally! Sri Lanka to get two more air-conditioned ‘Make in India’ DEMUs

Indian Railways train sets in demand globally! Sri Lanka to get two more air-conditioned ‘Make in India’ DEMUs

Indian Railways train sets in demand globally! Piyush Goyal-led Indian Railways is all set to supply two more Diesel Multiple Unit (DEMU) train sets to Sri Lanka. Recently, RITES has signed a contract worth $22.4 million with the neighbouring country Sri Lanka for the supply of two additional fully air-conditioned Diesel Multiple Unit train sets.

Explained: Why India is too vulnerable to crude oil price shocks

Explained: Why India is too vulnerable to crude oil price shocks

India’s oil import bill is expected to shoot up following a terror attack on the Saudi Aramco refinery and the resultant jump in global crude prices. India is vulnerable to price fluctuations as it imports 80% of its oil requirements, as domestic crude production has failed to keep pace with the needs of the fast-growing economy.