Top business news
4 stars based on
Presently, Indian Railways operates an extensive fleet of about 60, Coaches, 2. However, its position of pre-eminence has been eroded in the past few years when compared how to trading options online share in indian railways other modes of transport. Studies have shown that for a country of India's size with nominal distances well over Km, the road transportation may actually be detrimental to industry in general.
Despite the obvious advantages of rail transport, the relative share of Indian Railways in the transport and logistics sector within the country is on the decline.
It is a good time to pause and reassess our strategy for providing sustainable, assured and preferred logistics services to the nation and contribute towards nation building. The Challenge is designed as an online competition hosted at https: Submissions are welcome on topics relating to all facets of Indian Railway's working, inter-alia:. Lowering unit cost of operation for passenger and freight transports how to trading options online share in indian railways improve margins and providing room to maneuver competitive rates and services.
Revenue enhancement by increasing modal share of Railways in Passenger and Freight transportation. Increasing average speeds of passenger and freight trains and reducing overall transit time. Improving efficiency including higher assets utilization, turnaround, failure mitigation and prediction. Running of more trains with intensive utilization of existing assets and efficient management of constraints. The participants shall be required to submit their entries in the fields provided in the Entry Submission forms limited to the number of characters prescribed for the fields as under.
How to trading options online share in indian railways on how the claimed benefits are likely to come through including perceived roadblocks, limited to characters. For posting the entries using the online application system, participants are advised to go to https: The participant will be taken to a landing page featuring the registration form with various fields. The submission must comply with the requirements as set out in the Guidelines mentioned on the online Entry Submission form.
Participants are advised to duly provide any additional information as instructed. Organizers and Indian Railways are not liable in case of email delivery failures. In case submission is in any other language, it must be accompanied with translations in either Hindi or English. It could be an individual project or a team project. However, how to trading options online share in indian railways case of team, total team members, including the team leader, should not exceed six.
No reference of the identity of the person s submitting should be made in the proposal. If done so, it shall debar the entry from consideration. It is strongly advised not to wait till the closure time for submission of entries.
The decision of the Evaluation Panel and Jury will be final. No communication will be entered into with any person in relation to any decision of the panel or process. Unsuccessful entries shall be intimated through email and Ministry of Railways shall not have any right over the same. The evaluation of Entries shall be carried out in following three stages, as per the criterion mentioned in above table. To use, make, have made, import, offer to sell and sell, rent, lease, or lend the products.
While Indian Railways shall take all possible measures to ensure protection of intellectual property, participants should not include technical details to a level which might affect their capacity to protect and, at some future point, exploit their Intellectual Property through registered rights. Participants should how to trading options online share in indian railways ensure they understand their rights in relation to Intellectual Property and the protection of those rights.
If an idea has been patented by, or is the property of, a third party, the originator of the idea must agree through a legally enforceable instrument to the use of the idea by the applicant and must be expressly credited in the submission. Infringe on any third party intellectual property rights and further do not violate any confidentiality obligations of the Participant.
Contain any viruses, worms, spyware, other components or instructions that are malicious, deceptive or designed to limit or harm the functionality of a computer. Include any Participant owned trade secrets or third party trade secrets and no such trade secrets will be required for Organizers or Indian Railways to enjoy the full benefits of the applications.
Contain material that may be considered as defamatory, libelous, hateful, racially or religiously biased or offensive, threatening or harassing to any individual, partnership or corporation. Participant shall not assign any rights, obligations or privileges by operation of law or otherwise hereunder without the prior written consent of Organizers.
Except as otherwise set forth herein, any attempt by Participant to assign any of the rights, duties or obligations hereunder without Organizers' prior written consent will be null and void. Subject to the foregoing, these terms and conditions shall be fully binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and assigns. Any costs incurred or loss or liability suffered by the participant in relation to the How to trading options online share in indian railways.
Any failure by participant to understand the rights in relation to Intellectual Property, or the rights of Organizers, IR, supporting organizations or any third party in relation to Intellectual Property. Participant agrees to defend, indemnify, and hold Organizers, Indian Railways, members of Evaluation Panel, Selected Jury, supporting organizations harmless against any loss, cost, liability, and expense including reasonable attorneys' fees arising from any action or claim brought or threatened against Organizers, Indian Railways or members of Evaluation Panel, Selected Jury, supporting organizations or its customers alleging that any of the applications submitted, short listed and or selected, infringe any patent, copyright, trademark, trade secret, or other intellectual property rights of any third party, and or if Organizers, Indian Railways or members of Evaluation Panel, Selected Jury, supporting organizations suffers any injury, loss or damages by breach of the warranties above.
Organizers or Indian Railways agrees to provide Participant s with:. Indian Railways shall have the right to participate in any of the disputes or actions referenced above at its own expense. Participant s will not be responsible for any costs, expenses or compromise incurred or made without Participant s prior written consent. Indian Railways, Organizers, Ministry of Railways or any of supporting organizations can not accept any responsibility for the actions of any evaluation panel member or Experts or member of the Jury for their obligations in respect of confidentiality and will not sign any Non-Disclosure Agreement NDA with participants.
While every effort will be made to preserve the confidentiality of each submission, it is suggested that highly sensitive material be excluded from the entry if a team is concerned about the confidentiality of such material.
Note, however, that finalist teams will be making brief presentations to a Jury and an audience. All reasonable measures to ensure the protection of intellectual property received for the Challenge will be taken. Protection of such rights is however, ultimately how to trading options online share in indian railways responsibility of each participant. All the information received during this Challenge including but not limited to scores, business plan summaries etc.
The amended Terms and Conditions will be effective immediately upon being posted on the website. It is participant's sole responsibility to regularly visit the website to read any changes to the Terms and Conditions of the Challenge.
Organizers and Indian Railways or any of the supporting organizations will not incur any costs for participants participating in the Challenge nor entertain any claims for the same except specified above.
White to Black Standard. Description of the challenge: Submissions are welcome on topics relating to all facets of Indian Railway's working, inter-alia: Improving overall customer satisfaction 1. Improving Reliability of Assets and Punctuality of Trains 1.
Lowering unit cost of operation for passenger and freight transports to improve margins and providing room to maneuver how to trading options online share in indian railways rates and services 1. Revenue enhancement by increasing modal share of Railways in Passenger and Freight transportation 1. Improving Cleanliness in Trains and at Stations 1. Enhancement in Security to prevent theft, pilferage and sabotage 1. Increasing average speeds of passenger and freight trains and reducing overall transit time 1.
Improving Speed of execution for customers and delivery channels 1. Improving Quality of Services and management of perceptions 1. Improvement in Organizational and Human Resource Management 1. Better Accounting and Cost Management 1. The participants shall be required to submit their entries in the fields provided in the Entry Submission forms limited to the number of characters prescribed for the fields how to trading options online share in indian railways under Abstract of the Proposed Innovation, in about characters.
Possible constraints anticipated in deployment to be explained in about characters. The participant will how to trading options online share in indian railways taken to a landing page featuring the registration form with various fields Participant will have to fill out the Participant Registration Form and Entry Submission Form. On successful submission, participant will receive a confirmation email. The following persons and their immediate relatives can not participate in the Challenge: An employee of Indian Railways directly involved in execution and evaluation of the Challenge.
A member of the Evaluation panel, Experts and Jury for the Challenge. The write up should either be submitted in Hindi or English. Stage Evaluation Results 1st All Entries to be evaluated to shortlist approximately 30 entries, through double blind review 2nd The 30 shortlisted entries to be further evaluated by an Expert panel for selecting 10 most promising ideas Final The 10 ideas selected in Stage II shall be presented to Innovation Committee formed by Ministry for consideration of Awards.
IPRs, Confidentiality and other Conditions: To disclose such applications to third parties; and 1. To publish Participants name or alias in connection with this Challenge. Further, Participants represent, warrant and covenant that the submissions do not: Violate any statutory provisions. Any costs incurred or loss or liability suffered by how to trading options online share in indian railways participant in relation to the Challenge; 1. Any loss in expectation of profits by participant 1.
Any other benefit the participant may expect to gain by participating in the Challenge 1. Organizers or Indian Railways agrees to provide Participant s with: Prompt written notice of such claim or action, 1.
Discontinue the Challenge by posting a notice to that effect on the Website 2. Disputes, if any, are subject to the jurisdiction in the courts of Lucknow only.
What is innovation challenge? The innovation challenge is an effort to motivate the Indian Citizens to think and contribute in the development and value addition efforts of the country's main rail transport service provider. The competition encourages out of the box thinking and solutions for the current aspirations of the stakeholders. Five specific challenges have been concurrently floated. The details can be seen on www. Evaluation criteria for each of the challenges have been framed to account for the main requirements of the particular challenge for the purpose of ensuring that the suggested idea is effective.
The winners shall get awards as detailed in the awards section of the competition. Any tax liability on award money shall have to be borne by the winners themselves. There is no additional royalty or benefit proposed to accrue to the winners, other than the awards.