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    IISc-incubated L2MRail’s lab to develop AI-led solutions for rail safety

    The unit will be used to design AI-led deep-tech systems, besides creating rail-specific base AI models to bring accidents down to zero by 2030. According to L2MRail, one of its innovations, named Automatic Train Examination by AI system, is helping avert at least one rail mishap a week.

    Freight corridors contribute Rs 16,000 crore to India’s GDP

    A study by the University of New South Wales has found that India's Dedicated Freight Corridors (DFCs) will contribute ₹16,000 crore to the country's GDP. The operationalization of the Western DFC (WDFC) has led to reduced freight costs and travel times, lowering commodity prices by up to 0.5%. The DFCs accounted for 2.94% of Indian Railways' revenue growth from FY 2018-19 to FY 2022-23, handling over 10% of the rail freight.

    One year of Trucks-on-Train service shows huge growth potential: DFCCIL

    The Trucks-on-Train service, launched on the Western Dedicated Freight Corridor in September 2023, has shown significant potential for business growth, road decongestion, and pollution control. The service transports 30 trucks daily from Palanpur to Rewari, reducing travel time by 20 hours and ensuring better quality milk delivery. The initiative also improves truck drivers' working conditions.

    W Dedicated Freight Corridor targets December 2025 for completion

    WDFC, expected to finish by December 2025, is 96.4% operational at a cost of Rs 72,000 crore. Land costs increased. 100 km left, R K Jain optimistic. WDFC links Gujarat ports to Jawaharlal Nehru Port. Eastern DFC cut coal transit time. WDFC cut freight time between Western and North India, improved NCR milk transport.

    Railways looks for options to dodge proposed GST on DFC payouts

    The Indian Railways is looking for ways to avoid paying goods and services tax (GST) on remittances it makes to its Dedicated Freight Corridors (DFC) network. The tax authorities have indicated an 18% GST on these remittances. Under normal circumstances, transferring money within the government does not attract GST.

    Rs 51,000-crore Eastern Dedicated Freight Corridor (EDFC) completed

    The first commercial service on this route is scheduled for November 1. Its counterpart, the 1046 km long Western DFC connecting Khurja to Jawaharlal Nehru Port (Maharashtra) is estimated to cost Rs 72,000 crore when complete during the next fiscal.

    The Economic Times
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