India is one of the fastest growing major economies in the world. With its rapid growth the country needs several drivers to support various domains of the economy like infrastructure, energy, transport, manufacturing etc. With changing technology the country needs to adopt technological developments to deploy in its system to attain growth and cater to the needs of time. This is the information age and information genealogy is one of the necessities to be accepted and implemented. With the advent of internet and web, IT enables organizations and persons to decimate the information and reach to every individual.
It also centralizes, optimizes and manages the system to improve efficiency and increase growth. India being one of the largest nations in terms of population, economy and area needs to adopt information technology by different organizations and even government. There are several steps has already been taken by government to implement IT in the system, there are many projects running to change the means of governance and also there are few encompass and success stories made by Indian government by employing information technologies in few of its operations in the country.
One of these success stories is PRE (Passenger Reservation System) in India Railway. Here is in this document we will discuss how Indian railway implemented IT to implement Passenger Reservation System in such a huge and complex system and created benchmark in the industry. Indian Railways: Indian railway is second largest railways services in the world after China. It is an Indian state- owned enterprise, owned and operated by the government of India wrought the Ministry of Railways.
Each zone comprises several divisions with divisional headquarters. Tickets of the trains run by the Indian Railways come in 10 categories, 40 kinds of quotas, 162 types of discounts, nine classes of reservations, and 100 types of passenger cars. Of the 16 million passengers who board one of Indian Railways’ 14,300 trains each day, about one million have reserved accommodation. The journeys can start in any part of India and end in any other part, with travel times as long as 48 hours and distances up to several thousand kilometers.
These figures highlight the magnitude of passenger traffic on the railways and the complexity of the transactions that the reservation system has to handle on a daily basis. This increases the significance of PROS and how it has transformed passenger reservations in the Indian Railways. 2000 1 oho Fig: Passengers carried in million Railway Funds: their purpose and sources Railway Fund Purpose Source of Finance 1 . Depreciation Reserve Fund (DRY) Cost of replace/renewal of an asset etc.
Amount contributed annually from Railway Revenue plus interest earned on fund balance. 2. Development Fund welfare work as well as the cost of UN- remunerative work for improvement of operational efficiency costing more than RSI. 10 lack etc. Amount transferred/ appropriated from surplus or other wise and interest earned on fund balance. . Capital Fund All Capital works financed from Railways internal resource including lease charges Amount appropriated from surplus along with interest to RFC. Earned on the fund balance.
