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Ahead of budget, Railways stares at Rs 3,000-cr loss

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    • Raghvendra Rao Tags : Former Railway Minister Lalu Prasad Yadav, Railways budget Posted: Thursday , Jun 18, 2009 at 1022 hrs
    Lalu prasad
    Railway Ministry is feeling the heat because of fare-cuts that happened during Lalu Prasad's regime.

    In the February 13 Interim Rail Budget this year, Lalu had announced a 2 per cent cut in the fares of AC first class, AC 2 tier, AC 3 tier and AC chair car. Lalu had gone on to claim that he had reduced the fares for AC first class by 28 per cent and AC 2 tier by 20 per cent during his tenure.

    Railways’ Operating Ratio (which signifies the sum of money spent to earn a sum of Rs 100), is expected to worsen further. In the Interim Budget, Railways had projected an Operating Ratio of 88.3 per cent for this fiscal. This figure, say officials, could go up further. Significantly, Railways’ Operating Ratio had dropped down to 75.9 per cent last fiscal making it the best in four decades.

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    massive investment is need of the hourBy: alok sharma,gwalior | 28-Jun-2009 Reply | Forward Indian railway needs massive investment for uni gauge system, doubling of tracks on all route, building hundreds of new routes, removing thousands of small bottle necks like creation of Merta city Ajmer route via Pushkar, building and replacing thousands of bridges and tunnels, 100% electrification, tripling of rolling stock, creating massive paid civic amenities at or near railway stations etc etc. In this country of 1200000000 human beings railway needs many innovative ways to mop up infinite amount of money. I will request to issue future passenger and freight tickets purchasable even in black money. When roads are 8 lanes why single line railway routes still exist. Railway needs many innovative ways to mop up infinite amount of money. I will request to issue future passenger and freight tickets purchasable by any asset or money. Guna Etawah route started when Tendulkar started his international career and now he has attained the status of sporting God G-E project is still incomplete. Will policy makers listen to me.
    RAILWAY BUDGETBy: jasbir singh oberoi | 20-Jun-2009 Reply | Forward ALL BUDGETS DURING LALU REGIME WERE MANIPULATED AND PEOPLE HAVE GIVEN PROPER RESPONSE TO HIS COMICS.
    MISLEADING EXPERT LALOO PRASADBy: B SGANESH, BANGALORE | 20-Jun-2009 Reply | Forward As every body knows Laloo Prasad is a cunnig misleading person. There is no wonder if he had managed figures to show profit and betterment of railways. Now his work is exposed by loss of 3000 crore rupees. This requires detailed investigation.B SGANESH, BANGALORE
    Railway lossBy: richard | 18-Jun-2009 Reply | Forward Why worry about it? You publish the news today, people will forget it tomorrow. The Railway employees do not want anyone to know that they are paid much more than what their labour is worth. The commuters are carried like sardines in our locals. If the railway minister thinks of raising the fare, the railway coaches will be torched and the government will be thrown out. So, let things go on degenerating life long. That is our Indian Karma.
    Rail ................................WayssssssssssssssBy: unohoo | 18-Jun-2009 Reply | Forward Lalu 's idiosyncrasy did no good to him or his party.Hope there is a lesson in this to other incumbents. Booking systems are still manipulated especially the tatkal scheme. The third row in the side in 2nd sleeper / 3rd AC has dehumanized the passengers and invariably there is some altercations which erupt because of this. Why blame the Minister when all under him have been ' yes ! ministers' ! Sack the board and all top General managers for the 3000 crore revenue loss. Revamp the system ,let there be people who concentrate on efficiency in running the system and offer value based services to the passengers.Let this huge monolith start functioning like what it ought to an efficient corporate rather than be a junk yard of have-beens and living-on-doles type of community. However I want to record my appreciation for the low accident record in the last few years and also the speedy rectification when ever an accident has taken place.
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