Railway Minister Suresh Prabhu's Budget had plenty of ideas on ways to improve the four Cs: cleanliness, capacity, comfort and even catering. But it missed out on one important C: capital.
Despite growing in scale, Indian Railways has stagnated, thanks to the perennial dilemma of whether it operates as a commercial organization or serves as a welfare enterprise.
Sachin Bhanushali, Gateway Rail Freight told CNBC-TV18 that increase in freight rate alone, is not a good thing to happen and he was expecting a bit of fuel surcharge on the passenger fare as well.
Reacting to the Railway Budget, Umesh Choudhary, vice chairman, Titagarh Wagons said that one positive he saw was talk about a freight regulator
Railway Minister Pawan Kumar Bansal presented what is the first Railway Budget by a Congress minister in 17 years on Tuesday. Claiming that the losses of the Railways were mounting, Bansal said that the gigantic network must be financially sustainable for the benefit of the passengers.
Last year‘s Budget had pegged the plan outlay for FY13 at around USD 11billion, based on the premise that a large chunk would be financed through internal revenue generation.
As part of Rail Budget 2012, minister Dinesh Trivedi announced a hike in 2nd class passenger fares by 2 paise per kilometre for the first time in 10 years.