New Delhi: The government is not privatising the Indian Railways but only outsourcing commercial and on-board services to private players in order to provide better facilities to commuters, Railways Minister Piyush Goyal said in Rajya Sabha on Friday.

Responding to a series of queries during Question Hour, Railways Minister Piyush Goyal said such a step has been taken as it is not possible for the government to meet the fund requirement of Rs 50 lakh crore estimated for the next 12 years to operate Railways.

"Our intention is to give better services and benefits and not to privatise the Indian Railways. The Indian Railways is and always continues to be the property of India and people of India," Goyal assured in the Upper House.

As per the government's estimate, the Indian Railways require about Rs 50 lakh crore in the next 12 years.

"Every day, members come with a new demand for lines and better services. It is not going to be a possibility for the Government of India to provide Rs 50 lakh crore for the next 12 years. We all know that," he said, adding there are budgetary constraints and other real issues.

Noting that thousands of new trains and more investment are required for providing new facilities/rakes and meet the passengers rush, Goyal said: "If there are private players willing to invest and come and run on the existing system, which continues to be always owned by the Indian Railways the consumers and passengers will benefit."

Maintaining that the government is corporatising railways not privatising it, Minister of State for Railways Suresh Angadi said, "We are outsourcing only the commercial and on- board services to private players. Ownership will be with railways. We are giving only licenses. They are bringing in new rates."

He said existing employees of the Indian Railways will not be affected. Private players will provide better services and create additional employment opportunities.

On services to disabled passengers and women at railway stations, Angadi said safety and cleanliness have always been the priority of the government and it would take care if they are lapses in some stations.

He said all railways stations have a separate resting room for women and police help is also being provided.

Responding to a query whether railways will continue to look into complaints of passengers about on-board services provided by private players, the minister said, "A valid point has been made. If there are any problems, the Railway authority will be there to address."

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Mumbai (PTI): The last rites of legendary singer Asha Bhosle will be performed at Shivaji Park in Mumbai on Monday afternoon with state honours.

The 92-year-old singer who ruled Bollywood for over seven decades with her wide range of memorable songs passed away on Sunday due to multi-organ failure at Breach Candy Hospital in Mumbai.

Later, her mortal remains were brought to her residence in Lower Parel.

Maharashtra Chief Minister Devendra Fadnavis paid last respects to Bhosle at her residence on Sunday evening and offered floral tributes.

State Cultural Affairs Minister Ashish Shelar, along with legislators Sunil Shinde and Prasad Lad, also paid their respects.

"Asha Bhosle will be accorded a state funeral, which will take place at 4 pm on April 13," Shelar said.

The singer's son, Anand, said people can pay their last respects to her at 11 am on Monday at Casa Grande, Lower Parel, where she lived.

"Her last rites will be performed at 4 pm on Monday at Shivaji Park," he told reporters.

Ashatai, as the legendary singer was popularly known, was a recipient of the Padma Vibhushan and Maharashtra Bhushan awards.