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Rail Budget 2016: The resources of Indian Railways are 'constantly dwindling' as freight and passenger fares are not being decided in an optimum manner, the government said in the Lok Sabha on Wednesday. Suresh Prabhu will have to balance the requirement of Indian Railways with expectations of the travelling public as well as keep a watch on how his actions can affect the Bharatiya Janata Party (BJP) chances in forthcoming elections. There is also the problem of having to battle for funds from Centre, which is itself cash-strapped with the economy not growing at expected rates. (Source: PIB twitter)
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Rail Budget 2016: Responding to supplementaries during Question Hour, Railway Minister Suresh Prabhu said "resources of Indian Railways are constantly dwindling" as they are "not decided in the most optimum manner". He added that the share of railways in freight as compared to other modes of transportation is declining. (Source: PIB twitter)
Rail Budget 2016: Referring to the creation of a Rail Development Authority, he said there should be a "trade off" to ensure that interests of the freight operators and passengers as well as that of Indian Railways is protected. Efficiency should be the parameter in deciding on freight, he said. (Source: PIB twitter) -
Rail Budget 2016: Stressing the need for private participation in Indian Railways, he also said there was a need to ensure that while private participation is there, it should not affect the interest of the travelling public. (Source: PIB twitter)
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Rail Budget 2016: Railway Minister Suresh Prabhu recalled that in December last, a concept paper was floated on the regulatory framework and setting up of the proposed Authority. The proposed body will protect consumer interest, promote competition and encourage market development. (Source: PTI)
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Rail Budget 2016: When some members of Parliament raised issues about Indian Railways lines and development of Railway Divisions, Suresh Prabhu asked them to wait for the Rail Budget to be tabled on Thursday. (Source: PIB twitter)
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