Railway Budget 2013-14
LOW ON INVESTMENT, HIGH ON PROMISES
CAN BANSAL’S PROPOSALS BOOST ECONOMY?
2013-02-26 11:40
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The Railways, a prime mover of India’s economy, are in bad times. Going by all key operational parameters such as handling of freight earning cargo volume, passenger numbers, status of technology, safety and security, quality of service, investment in modernization of tracks, rolling stock, locomotives, signaling and safety equipment, and passenger comfort, the performance of Indian Railways during 2012-13 has been among the worst in memory. It is estimated to incur a loss of around Rs. 24,000 crore during this fiscal. The railways failed miserably in achieving the current fiscal’s performance projections.