What can we expect from the rail budget?

July 08, 2014 11:05

The Narendra Modi government's maiden railway budget is due any time now. Having done a pre-budget hike of 14.2 per cent in passenger fares and raised freight rates, Railway Minister Sadananda Gowda's maiden budget is likely to adopt a realistic approach in announcing new trains, lines and survey in view of the cash crunch of Rs 26,000 crore.

With the growth in passenger earnings declining, railways is likely to spell out its strategy to earn additional revenue to reach the target in the current fiscal.

While many unviable projects may be scrapped, Gowda will also announce some new projects on priority basis in the rail budget 2014-2015 on Tuesday. Read more

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