CURRENT AFFAIRS

Detailed explanation-1: -IRSDC, the nodal agency to redevelop stations in India, is now a joint venture company of Rail Land Development Authority (RLDA) and Ircon International . The plan is to enhance the paid-up equity of IRSDC with RITES acquiring 24 per cent stake amounting to Rs 48 crore, while Ircon would add Rs 12 crore to it.

Detailed explanation-2: -Indian Railways has ordered to dissolve the “Indian Railways Stations Development Corporation” on the basis of recommendation of Principal Economic Advisor of Finance Ministry, Sanjeev Sanyal.

Detailed explanation-3: -Indian Railway Stations Development Corporation Limited (IRSDC) was a special purpose vehicle owned by the Rail Land Development Authority (RLDA), Ircon International and RITES. All three companies are owned by the Indian Ministry of Railways. IRSDC was incorporated on 12 April 2012.

Detailed explanation-4: -Habibganj railway station was redeveloped as a brownfield project under a PPP agreement signed in March 2017. The railway station was opened in 1979. It is operated by Bansal Group (M/S Bansal Pathways Habibganj Private Limited).

Detailed explanation-5: -General Profile. A Special Purpose vehicle, Indian Railway Stations Development Corporation Limited (IRSDC), a Joint Venture company of Rail Land Development Authority (RLDA), a statutory authority under the Ministry of Railways and Ircon International Limited (IRCON) (A Govt.