The railway budget is committed towards a holistic, all round overhauling of the existing railway systems and processes.
“In an innovative approach, avoiding regional favoritism, the railway minister has instead concentrated on long term core objectives of improving customer service, capacity augmentation on high pressure routes, promoting self sustainability & leveraging technology to improve efficiency, transparency and safety.
Augmenting the planned expenditure towards increasing efficiency (track doubling) and opening doors for private participation to improve service delivery, station development and last mile connectivity are welcome steps.
The railway minister has stressed on raising funds from long term sources like pension & insurance funds to break the vicious cycle of low investment and low efficiency. The budget outlay has been increased 40% over last year to Rs 1.11 lakh crore and the operating ratio pegged at 88%.
The railway budget is committed towards a holistic, all round overhauling of the existing railway systems and processes. The mission mode approach towards modernizing core assets, exploring new revenue models and resource mobilization through innovative mechanisms points towards a sense of purpose and urgency, which instills which instills confidence in government’s development agenda”
“In an innovative approach, avoiding regional favoritism, the railway minister has instead concentrated on long term core objectives of improving customer service, capacity augmentation on high pressure routes, promoting self sustainability & leveraging technology to improve efficiency, transparency and safety.
Augmenting the planned expenditure towards increasing efficiency (track doubling) and opening doors for private participation to improve service delivery, station development and last mile connectivity are welcome steps.
The railway minister has stressed on raising funds from long term sources like pension & insurance funds to break the vicious cycle of low investment and low efficiency. The budget outlay has been increased 40% over last year to Rs 1.11 lakh crore and the operating ratio pegged at 88%.
The railway budget is committed towards a holistic, all round overhauling of the existing railway systems and processes. The mission mode approach towards modernizing core assets, exploring new revenue models and resource mobilization through innovative mechanisms points towards a sense of purpose and urgency, which instills which instills confidence in government’s development agenda”
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