Indian Railway Finance Corporation Limited Appoints Jaya Varma Sinha as Chairman. Indian Railway Finance Corporation Limited has appointed its first-ever female Chairman and CEO. Sinha's appointment will see her oversee a significant expansion of Indian Railways.

It is the second-largest network managed by a single entity worldwide, but it has never had a female CEO in its 169 years of service. As part of the government's Amrit Bharat Stations Scheme (ABSS), the Modi-led Cabinet Committee on Economic Affairs last month announced roughly INR 325 billion of investment into seven railway projects across 35 districts around the country. These additional tracks aim to reduce congestion and boost transportation of key commodities.

Former Railway Board member Jaya Varma Sinha took over on 1 September.