- Reduction in fare
- Discounts for non-suburban class trains
- Ticket booking on mobile phones and E-ticket for wait listed passengers
- and many more
The railway budget has attempted to address the transport requirement of the expanding Indian economy. The minister has introduced several new procedures which will facilitate private sector participation in the Railways, particularly in the design and development of new model of wagons. Hailing the cut in the passenger fares and freight rates, particularly on diesel and petrol by 5 per cent. This is a good and strong anti-inflatory measure. Ensuring that the Railways continue to play a crucial role in India's impressive growth story year-after-year, Railway Minister Lalu Prasad on Tuesday announced a slew of measures to improve infrastructure and initiatives to boost the freight business.
Be it the ambitious port-rail connectivity projects, construction of new iron-ore routes and dedicated freight corridors, procurement of additional rolling stocks, introduction of high-capacity wagons or announcement of industry-specific steps, Mr. Prasad's initiatives will continue to aid to the growth of the economy and industry.
Comments
Assocham president, Venugopal Dhoot, termed the budget as "pragmatic, progressive and futuristic" and said that proposals such as reduction on freight rates and rail fare would help the railways attract more traffic.
Welcoming the partnership with the private sector, Confederation of Indian Industry (CII) president, Sunil Mittal, said it would open yet another avenue for the industry to participate in the spectacular growth of the Indian Railways. The reduction in freight rate for petrol and diesel by 5 per cent and on fly ash by 14 per cent wil help offset the impact of the hike in fuel prices.
PHDCCI Chief, L.K. Malhotra, complemented the Railway Minister for continuing with financial turnaround of the Railways and improvement in many parameters. He, however, felt that the Railway Budget had failed to take strategic measures to capture a substantially larger share of growing goods traffic.
The Federation of Indian Export Organisations President, Ganesh Gupta, termed the use of information technology for passenger convenience as the hallmark of the budget and the decision to import wagons to bridge the supply-demand gap was also a pragmatic step.
source: Newspapers
Be it the ambitious port-rail connectivity projects, construction of new iron-ore routes and dedicated freight corridors, procurement of additional rolling stocks, introduction of high-capacity wagons or announcement of industry-specific steps, Mr. Prasad's initiatives will continue to aid to the growth of the economy and industry.
Comments
Assocham president, Venugopal Dhoot, termed the budget as "pragmatic, progressive and futuristic" and said that proposals such as reduction on freight rates and rail fare would help the railways attract more traffic.
Welcoming the partnership with the private sector, Confederation of Indian Industry (CII) president, Sunil Mittal, said it would open yet another avenue for the industry to participate in the spectacular growth of the Indian Railways. The reduction in freight rate for petrol and diesel by 5 per cent and on fly ash by 14 per cent wil help offset the impact of the hike in fuel prices.
PHDCCI Chief, L.K. Malhotra, complemented the Railway Minister for continuing with financial turnaround of the Railways and improvement in many parameters. He, however, felt that the Railway Budget had failed to take strategic measures to capture a substantially larger share of growing goods traffic.
The Federation of Indian Export Organisations President, Ganesh Gupta, termed the use of information technology for passenger convenience as the hallmark of the budget and the decision to import wagons to bridge the supply-demand gap was also a pragmatic step.
source: Newspapers
0 comments:
Post a Comment