Indian Railway budget 2011-12: Asit C. Mehta

Asit C. Mehta has come out with a report on Indian Railway budget 2011-12.

Indian Railway budget 2011-12:

Too Good to be True.......

For the third successive year, the railway budget for 2011-12 seems to be people friendly budget, which spared the passengers of any increase in fares and proposed no hike in freight rates while introducing few new trains. Rail Budget 2011-12 proposes the highest-ever plan outlay of Rs 576.3 billion. For 2011-12, the budget projects a freight loading of 993 million tonnes and a passenger growth of 6.4%.
 
Indian Railways (IR) plan to add ~ 1,000 new line km p.a. as against an average of 180 kms p.a. registered historically. In case of rolling stock addition, IR has kept the target at 18,000, which is unvarying since past three years. Rail Budget 2011-12 promises to deliver a lot, however, considering IR

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