The Railway Minister Sri Dinesh Trivedi has presented a bold budget. The budget appears to set a direction in terms of restructuring the railway board level management by proposing to add two members, one for PPP and the other for safety; in terms of improving operational performance by 10persentage points, which though appears to be deficits, yet a desirable one as it sets a tone for improving the productivity; in terms of bringing in some innovative majors for safety logistics up gradation of stations average speeds of the trains etc.
However the railways are losing out to road trance port which is reflected by a lower goods and passengers transportation. Nearly 30% increase in overall freight rates the railway budget will trigger inflationary trend in the economy as goods transport cost will increase the proposals to introduce Indian railway station development corporation, logistics corporation and other projects in PPP mode are welcome moves.
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