The Indian Railway Stations Development Corporation (IRSDC) was set up for the redevelopment of stations across the country.
In continuation with its efforts to rightsize the Railways, the Railway Board has issued an order to shut down the Indian Railway Stations Development Corporation (IRSDC) that was set up for the redevelopment of stations across the country.
This is the second organisation under the Railway Ministry to be shut down after the closure of the Indian Railways Organisation for Alternative Fuel (IROAF) on September 7, 2021.
The step is a move to accept the recommendation of the Finance Ministry, which in a report has recommended the rationalisation of government bodies either by closing them down or through merging multiple organisations under different ministries.
The order issued by the Railway Board late on Monday said the stations managed by the IRSDC will now be handed over to the respective zonal railways and the corporation will pass on all project related documents to them for further development.
Source: PTI
(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)
ALSO READ: Asking Prices For UK Homes Rise In Unison For The First Time In 14 Yrs
