EY India Urges Government to Reduce Stake in Rail PSUs in Budget 2024-25

16 Jul 2024 CW Team

EY India has recommended that the government consider reducing its stake in railway public sector units (PSUs) as a strategic measure in Budget 2024-25. This proposal aims to optimise fiscal management and foster private sector participation in India's railway infrastructure development.

The suggestion comes amidst efforts to enhance operational efficiency and attract investments in the rail sector. EY India emphasises the potential benefits of reducing government ownership in rail PSUs, citing improved financial performance and increased market competitiveness as key advantages.

According to EY India, a reduced stake could unlock new opportunities for private sector partnerships and innovations in rail infrastructure. This move aligns with broader objectives to streamline governance, promote transparency, and leverage private sector expertise in driving the growth of India's railway network.

The recommendation underscores the need for strategic reforms to sustainably strengthen the railway ecosystem, ensuring robust growth and modernization. By encouraging private sector involvement through stake reduction, the government aims to stimulate infrastructure development while optimising public resources effectively.

Overall, EY India's proposal seeks to support economic recovery efforts post-pandemic and enhance the resilience of India's railway infrastructure against future challenges.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..