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Want to Establish a Booming Business? Top 4 Ways To Create a Versatile and Realistic Startup Budget!

It’s thrilling to consider launching your own company. To avoid getting caught up with your thoughts, you must first take a step back and draft a financial plan for your new company. Building an effective budget that will allow you to track your cash flow, project your launch costs, and maintain a lean functioning model from the beginning. Furthermore, a budget can help you determine how much capital must be invested to start your business, which helps you avoid plunging overboard once it is up and running. However, budgeting and organizing your finances can be stressful, so we’ve streamlined it into a clear, step-by-step manual. Let’s get started with these four ways of creating a realistic startup budget! Developing a startup budget that is both sustainable and practical requires first understanding your business concept. Your principal sources of income and expenditures, in addition to your primary presumptions and hazards can all be found by describing your business plan. To sketch out your company’s structure while evaluating your ideas, you can utilize tools such as the Lean Canvas or the Business Model Canvas. Finding your startup costs is another step in making an expenditure plan for your new company. These are the startup and ongoing costs related to operating your firm, and they range from workplace commodities to advertising. Use a company startup cost calculator to obtain an appropriate estimation of the initial expenses. Your cash flow is the amount that you bring in and take out of your account within a certain amount of time. It illustrates the amount of cash on hand for handling and growing your company’s activities. After deducting expenses from income, you must add any additional financing sources—such as loans, subsidies, or investments—to the cash flow strategy. The amount you allocate for your startup company is flexible. Your revenue and expenditures will fluctuate and rise with your business. Make sure that the financial strategy appropriately reflects the current state of your firm by reviewing and revising it regularly. Although creating a reasonable budget might seem like a lot of responsibility, it is essential to your business’s prosperity. If you take a moment to comprehend the costs and revenues, making educated financial choices will help your business succeed.

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Southern Railways: Moving Towards a Thriving Future

Southern Railway, the beating heart of transportation in South India, is experiencing a dynamic resurgence. Not just chugging along, it’s steaming ahead with remarkable growth in both freight and passenger segments, painting a vibrant picture of its commitment to progress and service excellence. Text: B. Guganesan, Chief Public Relations Officer, Southern Railways. Passenger Boom: Southern Railway isn’t just about hauling cargo; it’s about people too. As a passenger-centric zone, it has witnessed a remarkable 12.8% increase in passenger traffic over the previous year. From April to December 2023, over 528 million passengers entrusted their journeys to the zone, generating an impressive Rs. 5254.93 crores in originating passenger revenue – a 12.1% jump compared to last year. This upswing in passenger footfall speaks volumes about the trust and reliance people place on Southern Railway for their travel needs. The zone’s unwavering focus on passenger comfort, enhanced amenities, and operational efficiency is resonating with the masses. Beyond the Numbers: These impressive figures are just the tip of the iceberg. Southern Railway’s commitment to progress extends far beyond mere statistics. The zone is actively engaged in infrastructure development, with a keen focus on modernizing stations, upgrading tracks, and adopting cutting-edge technologies. Streamlining operations to ensure punctuality and safety is another key area of focus. Additionally, passenger-centric initiatives like improved onboard facilities, convenient booking systems, and enhanced customer service are constantly being implemented. Freight Frenzy: The first nine months of the current fiscal year (2023-24) have been nothing short of phenomenal for Southern Railway’s freight operations. With a 6% surge compared to the previous year, the zone has muscled past 29.351 million tonnes of originating freight loading, translating to a robust Rs. 2651 crores in originating freight earnings. This impressive feat is fueled by a diverse set of commodities, ranging from workhorses like coal, iron and steel, and fertilizers to the ever-important iron ore, cement, and food grains. Even dynamic sectors like petroleum products and container traffic have contributed significantly to this freight frenzy, showcasing Southern Railway’s capability to cater to a wide spectrum of logistical needs. Looking Ahead: Southern Railway’s impressive performance in both freight and passenger segments is just the beginning of an exciting journey. The zone’s unwavering commitment to continuous improvement and service excellence is likely to propel it further on its growth trajectory. With dedicated efforts towards infrastructure development, operational streamlining, and customer-centric initiatives, Southern Railway is poised to play an even more pivotal role in connecting people, facilitating trade, and driving India’s economic progress. As the wheels of progress continue to turn, Southern Railway is sure to keep chugging towards a thriving future, leaving a trail of satisfied passengers and efficient logistical solutions in its wake.

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Chennai Central Gets Airport-Style Luxury: New Executive Lounge Offers Comfort & Convenience

A Quick Look at the Dr. MGR Central Railway Station’s New Executive Lounge Text: A. Elumalai, Public Relations Officer, Chennai Division The first-ever Executive Lounge is now open at Dr. MGR Central Railway Station for passenger convenience. Located near Platform No. 6, the Executive Lounge boasts airport-standard facilities under a 5-year contract with M/s. Ten 11 Hospitality, valued at Rs. 17.75 crores. The lounge offers cutting-edge, air-conditioned amenities: Pricing and Amenities: 24/7 Retreat: The new Executive Lounge offers a 24/7 retreat featuring air conditioning, comfortable seating, a travel desk, constant Wi-Fi, and refreshment facilities. This ensures both arriving and departing passengers can rest and recharge comfortably during brief waits at the station.pen_sparktunesharemore_vert

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Amrit Bharat Stations: Chennai Division Upgrades Guindy, St. Thomas Mount, and More!

Latest update on the upgradation of railway stations in Chennai Division Text: A. Elumalai, Public Relations Officer, Chennai Division The Chennai Division of Southern Railway is upgrading 15 stations—Perambur, Tiruvallur, Arakkonam, Tiruttani, Jolarpettai, Gummidipundi, Guduvancheri, Sullurupeta, Chengalpattu, Ambattur, St. Thomas Mount, Guindy, Mambalam, Chennai Park, and Chennai Beach—as part of the Amrit Bharat Station scheme’s initial phase, with redevelopment progressing steadily. CHENNAI BEACH – CHENGALPATTU SECTION: The Chennai Beach-Chengalpattu rail section, including Chennai Beach, Chennai Park, St. Thomas Mount, Guindy, Mambalam, Guduvancheri, and Chengalpattu stations, will see upgrades to passenger amenities. The redevelopment of the following stations is underway: A. GUINDY: Improvements to façade of station on east and west sides, provision of entry arches on GST road side. Provision of a new booking office. Provision of pedestrian plaza Resurfacing of flooring of platforms Replacement of old roofing sheets by aluminium colour sheets Redevelopment of Two-wheeler parking area on main entry side Provision of three lifts for the existing FOB, including provision of SS hand railing and replacement of roofing sheets Provision of Passenger Information display system Improved Public Announcement system Provision of CCTVs Cost of works – Rs.13.50 crores B. ST. THOMAS MOUNT: Improvements to the façade of the station on east and west sides, provision of entry arches on the bus stop side. Provision of 3 new booking offices Provision of Pedestrian plaza Resurfacing of flooring of all platforms Provision of additional platform shelters and replacement of roofing sheets Redevelopment of parking area on main entry side, and CMRL side Provision of Passenger Information Display system Improved Public Announcement system Provision of CCTVs Cost of works – Rs. 14.15 Crores C. CHENNAI BEACH: Face-lifting by provision of elegant facades and pedestrian plazas at all the four entry zones of the station. Provision of ATVM at both north and south entries Resurfacing of flooring of all platforms Development of parking space Provision of lift (2 Nos) for the existing FOB Provision of Passenger Information Display system Improved Public Announcement system Provision of CCTVs D. CHENNAI PARK: Provision of new booking office Provision of new canopy at entry with waiting space near booking Office/cafeteria. Resurfacing of flooring of platforms Development of pedestrian walkway towards MRTS stations. Provision of new platform shelters and replacement of old roofing sheets by aluminium colour sheets Provision of lift and escalator for the existing FOB, including provision of SS hand railing. Provision of Passenger Information Display system Improved Public Announcement system Provision of CCTVs E. MAMBALAM: Improvements to the façade of the station on the east and west sides. Provision of new booking office on West Mambalam side and at T.Nagar side Provision of Pedestrian plaza Resurfacing of flooring of platforms Replacement of old roofing sheets by aluminium colour sheets Development of Two-wheeler parking area on west Mambalam side Provision of lift for the existing FOB, including provision of SS hand railing and replacement of roofing sheets. Provision of Passenger Information Display system Improved Public Announcement system Provision of CCTVs F. GUDUVANCHERI: Redeveloping the entrance of the station building with a larger porch. Provision of two elegant entrance arches Extension of the existing 3m FOB from station to the circulating area Resurfacing of flooring of platforms Development of parking space Development of pedestrian pathways Development of circulating areas Provision of lift and escalator for platforms along with the extended FOB Provision of Passenger Information Display system Improved Public Announcement system Provision of CCTVs G. CHENGALPATTU: Construction of a new station building Developing a new entrance and a porch Provision of new concourse, booking counters, and additional three retiring rooms. Modifying the existing station building to provide an AC Waiting hall, VIP lounge, retail, etc. Resurfacing of flooring of platforms Development of parking space Development of pedestrian pathways Development of Circulating area Provision of lift (2 Nos) and escalator for the existing FOB Provision of Passenger Information Display system Improved Public Announcement

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Guindy and St. Thomas Mount Railway Stations To Become Railway Heads

Text: A. Elumalai, Chief Public Relations Officer (Chennai Division), Southern Railways The Chennai Beach-Chengalpattu stretch is recognized as the most heavily trafficked segment in the Chennai Division, witnessing daily passenger volumes in the hundreds of thousands. Within this corridor, the railway stations at Guindy and St. Thomas Mount stand out due to their central positions within the city of Chennai. These stations have been selected for upgrades during the initial stage of the Amrit Bharat Station Scheme. The ambition is to finalize enhancements at both locations by the conclusion of the current fiscal year. A. Redevelopment of Guindy Railway Station under Amrit Bharat Station Scheme: The Guindy train station is a significant hub, recording daily patronage exceeding 60,000 individuals. It acts as a crucial access point for prestigious academic entities, including but not limited to Anna University and the Indian Institute of Technology Madras, alongside several other institutions specializing in engineering and humanities. Additionally, this station is noted for its proximity to the esteemed Guindy Race Club and the Guindy National Park. The well-known Phoenix shopping center is also situated in the vicinity of the station. Under the Amrit Bharat Station scheme of Indian Railways, Guindy station is set to transform with enhanced facilities at a cost of Rs. 13.50 Crores. The following redevelopment works have been planned and the work is in progress: B. Redevelopment of St. Thomas Mount Railway Station under Amrit Bharat Station Scheme: St. Thomas Mount Railway Station, strategically located on the Chennai Beach-Tambaram line, serves the varied transportation requirements of urban travelers effectively. It receives its title from its patron, St. Thomas, who was among the twelve disciples of Jesus Christ. Its proximity to St. Thomas Mount, a notable hillock, infuses the locale with not only spiritual resonance but also historical import. The station has become an essential hub for trade and is pivotal in providing expedited travel connections throughout the metropolitan area. St. Thomas Mount is poised to emerge as a major intermodal hub integrating suburban, Metro, MRTS, and MTC transit systems with the impending completion of the MRTS Phase-II project between Velachery and St. Thomas Mount. With daily passenger numbers exceeding 30,000, St. Thomas Mount railway station is scheduled for extensive renovations, with budget allocations amounting to Rs 14.15 crore. The following redevelopment works have been planned and work is in progress: The objective of the Amrit Bharat Station Scheme is to enhance the infrastructure, surroundings, and facilities of railway stations. This initiative intends to provide a comprehensive and improved travel experience to passengers by redeveloping railway stations with amenities comparable to international standards.pen_sparktunesharemore_vert

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