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Railways cuts outlay to get back on track

Jan 23 2014, 07:10 IST
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SummaryFacing a shortfall of Rs 7,000 crore in passenger and freight receipts from the budget estimate.

Facing a shortfall of R7,000 crore in passenger and freight receipts from the budget estimates, Indian Railways is set to cut its plan outlay by a similar amount, reports Rajat Arora in New Delhi. Sources said the national transporter has decided to slash its Plan outlay for 2013-14 to R56,000 crore from R63,000 crore estimated in the last rail budget. A 10% reduction in expenditure could hit the railways’ modernisation and expansion projects, which were any under-provided for, owing to the high (and unhealthy) operating

ratio of 88%. Sources say safety measures won’t be compromised

but independent experts doubt this.

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