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Reading: Railway properties value Rs 313 crore broken on account of practice accidents in 5 years: Govt
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StockWaves > Business > Railway properties value Rs 313 crore broken on account of practice accidents in 5 years: Govt
Business

Railway properties value Rs 313 crore broken on account of practice accidents in 5 years: Govt

StockWaves By StockWaves Last updated: November 27, 2024 7 Min Read
Railway properties value Rs 313 crore broken on account of practice accidents in 5 years: Govt
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Railway properties value Rs 313 crore had been broken on account of a number of practice accidents prior to now 5 years, the federal government knowledgeable the Lok Sabha on Wednesday.

“Whole value of damages to railway property equivalent to rolling inventory/tracks and so forth, in consequential practice accidents in the course of the previous 5 years (from April 2019 to March 2024) have been assessed as Rs 313 crore,” Railways Minister Ashwini Vaishnaw stated in a written reply.

The minister was responding to questions on the overall monetary loss incurred by the federal government on account of practice accidents raised by 5 MPs — S Venkatesan, Okay Subbarayan, PC Gaddigoudar, Selvaraj V and Balwant Baswant Wankhade — from completely different political events.

Responding to questions concerning the variety of victims who had availed of insurance coverage by e-tickets, Vaishnaw stated 22 claims had been registered below the Non-compulsory Journey Insurance coverage Scheme in the course of the interval from November 1, 2019, to October 31, 2024.

“No demise claims had been registered in the course of the interval from 01.11.2019 to 31.10.2024 with any of the insurance coverage firms below Non-compulsory Journey Insurance coverage Scheme,” he added.

The ministry launched the scheme on September 1, 2016, for passengers who booked e-tickets at a premium of Rs 0.92 per passenger. Nonetheless, to advertise digital/cashless transactions, it was made freed from value from December 10, 2016, to all confirmed/RAC passengers shopping for on-line tickets from IRCTC.

Vaishnaw stated passengers straight stuffed their nomination on the web sites of insurance coverage businesses and settled the claims straight with them.

“As a consequence of assorted security measures taken through the years, there was a steep decline within the variety of accidents. Consequential practice accidents have lowered from 135 in 2014-15 to 40 in 2023-24,” Vaishnaw added.



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