INDIA
BUDGET FOR THE RAILWAYS FALLS SHORT OF EXPECTATIONS
PUSH FOR PRIVATISATION WILL HURT POOR & COMMON CITIZENS
2020-02-01 12:28
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The budget for Indian Railways does not seem to represent in true sense of the top three themes – aspirational India, economic development and the caring society – of the first Union Budget of the decade that has been envisioned to be ‘laying strong foundation for a bright future of the country’ and ‘key to India’s growth’. Rather, the Indian Railways, restructuring for which have already begun in the fag-end of December 2019, is likely to convert itself into Indian Railways Corporation under a CEO with a push towards privatization along with the Ministry’s façade of policy decisions and public accountability, a process tend to increase the rail services cost to the nation and its people. The Railways’ budget, in this context, can be termed as anti-people, because the Railways will be enforced to increase costs depriving general people of affordable means of bulk transportation. More so because railways may face a shortfall in actual revenue are calculated at the assumption of 10 per cent of growth rate of GDP, as against the current year’s growth rate of merely 5 per cent.