Indian Railways is one of the largest systems in the world. It is also one of the very few railway systems in the world generating operating surpluses. With a modest beginning in India on April 16‚ 1853‚ when the first wheels rolled on rails from Bombay to Thane‚ the Indian Railways has emerged today as the main vehicle for socio-economic development of the country. Rail transportation has a number of favourable characteristics as compared to road transportation. It is six times more energy-efficient
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1. What are the most important reforms made to the structure of NI’s pension fund between 1976 and 1979 and why are they undertaken? (1) NI established a separated Pension and Retirement Committee (PRC) to substitute the old Executive Committee of the Board of Directors in making investment decisions. Because the Board of Directors found it was difficult to allocate much time and effort to the pension area. (2) They selected a policy of 70:30 equity: bonds as an appropriate long-run average
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History of Indian Railways Introduced in the country in 1853 by the British. 53 kms between Mumbai and Thane The Indian Railways (IR) has a network spread over 63‚000 route kms. and 7000 stations 12 million passengers and more than 1.2 million tonnes of freight daily 40 per cent of the freight and 2- per cent of the passenger traffic in the country. 8.5 per cent of the organised employment of the country either directly or indirectly. Transport output of both passenger and freight traffic
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ones as well. The strike marked the eighth consecutive time the "National Pastime" has been interrupted following the expiration of a labor-management agreement. At the same time‚ baseball owners steadfastly refuse to appoint a Commissioner for fear that the Commissioner’s traditional power to act "in the best interests of baseball" might interfere with their own personal interests.’ Additionally‚ two precedents arising out of the National League’s refusal to allow the San Francisco Giants to relocate
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1. To what extent do you think the U.S.-Canadian magazine dispute was motivated by genuine desires to protect Canadian culture? If we follow the Canadian Government’s argument‚ the only motive was in fact to protect its culture. I think that the fact that 89% of the magazines sold inside the country are of foreign origin is in itself an obvious cause for concern. However‚ I also think that the Canadian Government’s greatest concern is not only about the competition over the magazines‚ but also
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VORA AND COMPANY* Understand the Concept of Marketing Mix In December 1963‚ M.C. Vora‚ proprietor of Vora and Company manufacturers of Blossom Quick-Cooking Oats located at Lucknow‚ sought counsel from the Small Industries Service Institute at Lucknow regarding steps that might be taken to increase the sales of his company. The company had been organized in 1959‚ had started to sell its product nationally in 1961‚ but by December 1963 had failed to attain a profitable volume of sales. Mr
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Canada in the Global Village: Balancing the Costs and Benefits of Globalization Canadian scholar Marshall McLuhan once said that the world is becoming more and more like a “global village‚” each nation part of an increasingly interconnected society that stretches across national boundaries (6). Although he was talking about the role of new media in this change‚ he also was probably talking about the growing economic links that come with globalization. Globalization is a process that offers both
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are the key facts as presented in the article? A few key facts presented in the article are as follows: a. Canadian Tire’s plans to move to smaller sized stores in urban locations in an effort to attract a market they believe is underserviced – sports and outdoor recreational activities b. These decisions were influenced by Target’s arrival in the Canadian market. c. Leasing in urban areas such as malls means greater lease rates. On the contrary‚ urban areas means
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case National Cranberry Cooperative MGT 413 Case Write Up #1 Group 6 Problems facing RP1 The National Cranberry Cooperative faces several challenges with its operations at receiving plant 1 (RP1) in 1970. The primary challenges that RP1 is facing transmits to capacity and efficiency of their cranberry processing. For example‚ often there are trucks waiting to unload their cranberries because of existing bottlenecks in the processing system. This
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evolution of MIS in Indian Railways over last two decades INTRODUCTION: Indian Railways is one of the world’s largest railway networks with a history of 150 years. Governed by Ministry of Railways‚ it traverses across the entire length and breadth of the nation. Railways were first introduced in India in 1853.Since then‚ the Indian Railways has evolved a lot and has made some major changes in terms of technology and the information system it uses. IT was introduced in Indian railways in 1960 in the form
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