A curated coverage of local and trending news stories from Mumbai and beyond
In a bid to make rail commute safer for passengers, Central Railway (CR) is set to install over 11,000 CCTV cameras across all its locals plying on the suburban rail network by the end of 2018.
SK Jain, DRM of CR’s Mumbai division, detailed the plan on Wednesday while announcing a slew of measures that it plans to undertake this year. He also assured that the necessary budgetary allotments were made to ensure the work completes on time.
According to Jain, CR will install six cameras in every coach of all its 155 EMUs. The high-end cameras will have face-recognition ability and store data for a certain period. A total of 11,160 cameras will be installed.
In addition to the cameras, all ladies coaches will also have a talkback facility which will allow them to reach out to the guard in case of an emergency. Over 1,100 such talkback machines will be deployed in total.
The Divisional Railway Manager of Central Railway’s Mumbai division, SK Jain, on Wednesday made a host of announcements pertaining to the division’s plans for the suburban rail network for the year 2018.
The plans, most of which are likely to finish by year end, include a number of changes aimed at improving women’s safety, ensuring passenger convenience and addressing existing issues.
The BSE Sensex soared 310 points on Wednesday to close above the 35,000-level for the first time ever after the government lowered additional borrowing requirement for this fiscal, calming widening fiscal deficit fears.
The wider Nifty too finished at its fresh life-time high on unabated buying. Banking stocks ratcheted up after the Centre lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated earlier.
The four remaining corridors required to the complete the railways’ ambitious golden quadrilateral, including Mumbai-Howrah and Mumbai-Chennai, are likely to be approved in the Union Budget 2018-19.
The golden quadrilateral entails the interconnection of four major metros – Mumbai, Delhi, Chennai, and Kolkata – through a high-speed network.
Amid reluctance by certain traders to accept ‘different looking’ Rs 10 coins, the Reserve Bank of India on Wednesday said all 14 designs of the coin are valid and legal tender for transactions.
“It has come to the notice of Reserve Bank that in certain places there is reluctance on part of traders and members of the public to accept Rs 10 coins due to suspicion about their genuineness,” the RBI said while reiterating legal tender status of the coins.
In a statement, the central bank clarified that it puts into circulation the coins minted by government mints. These coins, it further said, have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time.
“So far the Reserve Bank has issued Rs 10 coin in 14 designs. All these coins are legal tender and can be accepted for transactions,” the RBI said, adding that banks should also accept the coins for transactions and exchange at all their branches.