Ad Here  
April
May
June
July
August
September
 
 
First step to mend a fractured economy Indian Railways: Version 2.0 UNION BUDGET 2013-Baby Steps Railway Budget - Still chugs along... Who took India to the brink? Even the elephant can dance POPULISM all the way
 
Even the elephant can dance
Suresh Prabhu, reputed as a quiet performer, presented his second rail budget. Here are the SEVEN things for you to know about the budget.

1.    THEME: The broad budget theme is to (a) Reorganise, (b) Restructure and (c) Rejuvenate the Indian Railways.  As an idea no one can fault this.

2.    PILLARS: The three pillars of the strategy that would bring this about are (a) new revenues (b) new norms and (c) new structures. Again, this reads perfect.

3.    MARGIN: In the year that went by the Railways worked on an operating ratio of 90 per cent and plans to work the following year at 92 per cent. Margin in the region of 8 to 10 per cent is amongst the highest in recent times.

4. CAPEX: The average capital expenditure during UPA II was Rs 48,100 crore.  The 2015-16 investment is likely to be around Rs 100,000 crore.  In   2016-17 the capex of Rs 1.21 lakh crore will happen through joint ventures with states and by developing new frameworks for PPP.  This is surely most welcome. We need to invest heavily to grow.

5. VISION: By 2020, if things go per plans you will see reserved accommodation on trains available on demand, time - tabled freight trains, high end technology to improve safety record, elimination of all unmanned level crossings, improved punctuality, higher average speed of freight trains and zero direct discharge of human waste. Wonderful as a vision.

1 2
Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com