Indians can book 7200 railway tickets per minute !! Savings to nation Rs400 crores

saving            In a major boost to the Safe ePayments environment, IRCTC is expanding its booking capacity from 2000 tickets per minute to 7200 tickets per minute i.e a 4 fold increase.

In a detailed presentation of its upgrading, IRCTC Managing Director R K Tandon explained the action plan for capacity enhancement to the Railway Minister CP Joshi at a review meeting here.

The implementation partner is CRIS (CENTRE FOR RAILWAY INFORMATION SYSTEMS),

The technical specifications have already  been  provided  to  IRCTC by CRIS  in August  2012.  IRCTC  now  has  started  the  process  of  procurement  PO  placed  for installation of infrastructure for the equipment.

The budget for strengthening the ticketing site www.irctc.co.in is Rs100 crores.

The indirect saving costs to the nation with the enhanced capacity will be 4 times of Rs100 crores.

There will be saving costs due to

  • Less time spent by travelers for booking
  • Less time required to access internet for booking
  • Less visits to doctors, as the stress levels will be low due to increased bandwidth

 

The migration of railway tickets from manual to computers (any where rail ticket booking) took in 1994, with the launch of CONCERT Phase I in 1994.

Brief history of Railway ticket computerization: –

 

1994: CONCERT phase I Implemented

1997: CONCERT phase II implemented

1999: All India Network commissioned

2000: Internet Enquiry implemented

2001: Alpha Migration

2002: I – Ticket – Reservation

2005: E – Ticket reservation

2006: Up-gradation facility

 

CONCERT was launched with the aim of single image passenger reservation system and the first prototype of PRS Networking Software, CONCERT (COuntrywide Network of Computerized Enhanced ReservaTion) using FORTRAN (30%) and C (70%) languages was implemented at Secunderabad in January ’95.

Till 2002, ITicket facility was only available. ITicket means that the physical tickets were delivered to the customer’s address.  However, a major shift took place in 2005, with the launch of ETicket. Electronic Reservation Slip (ERS) – The printout in standard specified Performa containing reservation particulars, along with any of the nine prescribed proofs of identity in original was enough to perform the journey in the reserved compartments.

In 2012, Railways went further, eliminating paper ERS with the introduction of Virtual Reservation Message (VRM) – A screen-shot of the e-ticket displayed through laptops/palmtops/ Mobile phone is referred as Virtual Reservation Message (VRM). The VRS is to be accompanied by nine prescribed proofs of identity in original, and the passengers name has to reflect in the Reservation Chart.

 

 

 

 

 

 

 

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Liberalised Remittance Scheme for Resident Individuals – Reporting – No Hard Copy report

 

Way back in 2008, Reserve Bank of India introduced the Online Returns Filing System (ORFS)

ORFS is a single window returns submission system which harnesses the power of internet, to streamline the collection of data from RBI regulated institutions.  An introduction of ORFS can be read here.

XBRL is the preferred choice for data standardization in ORFS. XBRL enables standardization and rationalization of elements of different returns using internationally recognized best practices in electronic transmission

To fully move into the eMode era, RBI vide Notification No RBI/2012-13/504 A. P. (DIR Series) Circular No. 106 dt.May 23, 2013 has advised banks to submit the LRS data only through the Online Returns Filing System (ORFS) of Reserve Bank, and discontinue the submission of Hard copy.

 

LRS Monthly report contains the information on the number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme), on a monthly basis

The effective date of the circular in  July 01, 2013, AD Category – I.

Banks are required to upload the data (LRS data of June 2013) in ORFS on or before fifth of the following month.

Where there is no data to furnish, AD banks are advised to upload ‘nil’ figures in the ORFS system.

Arjun Urban Co-Operative Bank Ltd., Dist. Solapur, Maharashtra – License cancelled.

solapur

Reserve Bank of India, has notified to the general public that it has cancelled the Licence of Arjun Urban Co-Operative Bank Ltd., Dist. Solapur, Maharashtra for carrying on banking business

The notification date is May 21,2013.

Solapur is a city in south Western Maharashtra, India. It lies on the border of Maharastra & Karnataka. Solapur has Marathi, Kannada & Telugu population living in equal numbers making it trilingual land

Apart from textiles, Solapur district has many religious places. The main attraction is Pandharpur, the  is a holy place of Lord  Vitthal and Godess Rukmini. It is also known as the Southern Kashi of India.

‘Padsparsha Darshan’ is the unique feature of Vithoba Temple. Irrespective of the caste and creed every devotee can enter the Sanctum Sanctorium and can place his/her head on the feet of Lord Vitthala. This tradition is followed nowhere in India.

Another speciality of Solapur is the Peanut Chutney.

 

Few famous Personalities who have their roots in Solapur district are:

  • Prof. Shriram Pujari] (eminent linguist and scholar)
  • Kavirai Ram Joshi who penned the famous lavnis
  • Shubrai Maharaj The artist guru whose paintings are a marvel
  • Dwarkanath Kotnis
  • Sushilkumar Shinde, Minister of Power (Delhi), former Chief Minister (Maharashtra)
  • Shivaraj Patil, Home Minister, Govt. of India
  • Walchand Hirachand Doshi
  • T.V.Sardeshmukh author and academy award winner
  • B.S.Kulkarni (Naturalist who discovered the Great Indian Bustard in 1978 at Nanaj] B S K foundation
  • Achyut Godbole
  • Polly Umrigar
  • Sarla Yewlekar
  • Dr Jabbar Patel the Movieman and famous director of Ghashiram Kotwal
  • Ms. Shashikala {Senior actress in Marathi and Hindi Movies}

 

CTS Grids in India – Uniting the Country

newcts

 

 

The CTS (Cheque Truncation System) Grid in India is playing an important role in uniting the country. In the long run, NPCI envisages that all of India, will be connected to any one of 3 clearing Grid i.e West (Mumbai), South (Chennai), North (New Delhi) with the DR site being in Hyderabad.

Readers might be surprised to know that Punjab too will be connected to the Southern Grid and not to the Northern Grid.

The position of CTS migration at various locations under South CTS Grid is as under. As on date, 100% migration has been achieved only in Chennai, with Bangalore, Hyderabad and Coimbatore closely behind.

 

 

Status of Sourther CTS Grid as on 01/05/2013

Sr.No State Location Total Banks Live Pending % of Banks

1

TN Chennai

66

66

0

100

2

KA Bangalore

76

75

1

99

3

AP Hyderabad

66

65

1

98

4

TN Coimbatore

55

54

1

98

5

KE Trivandrum

49

45

4

92

6

UT Chandigarh

49

44

5

90

7

WB Kolkota

59

52

7

88

8

TN Erode

44

36

8

82

9

KE Ernakulam

54

44

10

81

10

TN Madurai

46

37

9

80

11

TN Salem

51

41

10

80

12

UT Pondicherry

50

40

10

80

13

TN Tirupur

44

35

9

80

14

TN Trichy

45

33

12

73

15

KE Trichur

42

28

14

67

16

KE Kozhikode

45

30

15

67

17

TN Tirunelveli

44

27

17

61

18

KA Mysore

49

24

25

49

19

KA Hubli

53

25

28

47

20

AP Vishakapatnam

49

23

26

47

21

AP Vijayawada

50

23

27

46

22

KA Mangalore

57

26

31

46

23

KA Belgaum

56

22

34

39

24

PB Ludhiana

45

16

29

36