Sadananda Gowda's maiden Railway Budget 2014 received mixed response from experts. The focus on completion of the ongoing projects rather than introduction of new projects, though, was commendable
Railway minister DV Sadananda Gowda presented the Railway Budget on Tuesday keeping a track of demands made by most people to kick start new trains, introduce new railway lines and focus on passenger safety. Restrcuturing of Railway Board and introduction of a bullet train also received special mention in Godwa's maiden Railway Budget.
Umesh Chaudhary, VC, Titagarh Wagons gives thumbs up to Gowda’s proposal of restructuring the Railway Board. He, however, believes the operating ratio of 94 percent is alarming.
Sachin Bhanushali, President, Gateway Rail Freight also believes that the railway restructuring is a bold move by the minister as the board has remain unchanged for a very long period of time.
Gowda plans to upgrade the passenger service through the PPP route. He also proposed foreign direct investment (FDI) in Railways and sought Cabinet approval in the sector, except rail operations.
According to Chaudhary, the proposal to handle decisions within a given period of time is a good move given that the national carrier has been suffering from the lack of time bound decisions. If time bound decisions can be implemented in a systematic manner then it will boost the railway operations, he adds.
READ MORE ON Railway Budget 2014, Rail Budget 2014, Railway Budget 2014-15, Sadananda Gowda, Narendra Modi, Indian Railways, Titagarh Wagons, Gateway Rail Freight
Set email alert for
ADS BY GOOGLE
video of the day
Market in fine fettle; 2014-end Sensex target at 26300:Citi