Rajat Sharma

Rail Budget

In today’s Rail Budget, Suresh Prabhu has underlined that there will not be any hike in passenger fares or freight charges. However he laid stress on capacity enhancement. Stations would better equipped with wifi and put under surveillance. New rail lines and tracts would be introduced, locomotive factories would be set up, smart railway stations and smart coaches would also be introduced. However all this would require substantial capital. Minister of State for Railways, Manoj Sinha somewhat outlined the mode of financing. He said they would ensure that there is a threefold increase in the advertising revenue and they would develop the infrastructure that would generate more revenue from the freight handled by the Railways. Suresh Prabhu being a Chartered Accountant knows how to maintain a balance sheet. One can hope that he has worked out the arithmetics before making such big announcements.

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