Rail Budget 2013: Slow train or fast train?
Take any Railway fund you can think of—the Depreciation Reserve Fund or the Capital Fund, for instance—and the story is the same of rapidly depleting funds, of various Railway ministers such as Mamata Banerjee just refusing to contribute to the funds in a spurious attempt to try and balance the books. The Depreciation Reserve Fund, for instance, dipped from R7,100 crore in FY09 to R4,600 crore the next year—while the FY13 Budget planned on raising this by around a third, the chances of this happening are bleak given the Railways missing its revenue targets. The Capital Fund, used for creating new revenue-generating assets, similarly, got depleted to nearly a third in FY09, got reduced
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