Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Rail Budget 2013: Ministers derailed post-presentation

Feb 26 2013, 09:54 IST
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Railways has seen several former ministers like Suresh Kalmadi, Dinesh Trivedi heading for the exit. (Reuters) Railways has seen several former ministers like Suresh Kalmadi, Dinesh Trivedi heading for the exit. (Reuters)
SummaryRailways has seen several former ministers like Suresh Kalmadi, Dinesh Trivedi heading for the exit.

As another Rail Budget, this time for 2013, is set to be unveiled, Railways has seen several former ministers like Suresh Kalmadi and Dinesh Trivedi getting derailed after remaining at the helm - for Railways Minister P K Bansal fate may not have ordained that.

A quick look at the fortunes of the Railway Ministers for the past 25 years show that barring Mamata Banerjee and Nitish Kumar, the political career of most of them has not been all that rosy after being in the driver's seat. The Rail Budget is due t o be presented by P K Bansal tomorrow.

Kalmadi, who was the last Congress Railway Minister some 16 years back, is facing the heat in the wake of alleged irregularities in the organisation of Commonwealth Games and had been in Tihar Jail for sometime.

Dinesh Trivedi's case was an episode which stunned one and all.

Trivedi, who presented the last Railway Budget, lost his job in a matter of days despite his exercise coming in for rave review in the Congress, leading the UPA coalition.

The fare hike effected by him earned the wrath of his party chief Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee who soon airdashed to Delhi to ensure his immediate exit.

Mukul Roy, a trusted lieutenant of Banerjee, who was brought in place of Trivedi, could last just a few months as the TMC parted ways with the UPA and all its Ministers tendering their resignation.

Lalu Prasad, who was the Railway Minister in the UPA-I, saw his political career derail as he dumped Congress in the last Lok Sabha polls along with Lok Janshakti leader Ram Vilas Paswan, also a former Railway Minister, and contested seperately.

From the second largest constituent in UPA-I, Lalu's RJD was reduced to just four members in the new House as against 25-odd MPs in the previous Lok Sabha.

Paswan had the shock of his life as he suffered humiliating defeat from his pocketborough of Hajipur in Bihar with veteran Ram Sunder Das of the Nitish Kumar-led JD-U trouncing him.

92-year old Das is the oldest member of the current Lok Sabha.

After being out of Parliament for few years, Paswan has now become a member of the Rajya Sabha, thanks to support extended by Lalu Prasad. Paswan was Railway Minister in the United Front government in 1996-98.

Congress veteran C K Jaffer Sharief, who was the Cabinet Minister for most part of the P V

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