Highlights of railway budget-business standard

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Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

‘Fuel price adjustment has to be dynamic, it can go either way’

Immediately after presenting his budget in Parliament, Railway Minister Pawan Kumar Bansal answered questions on various measures he proposed. Eager to explain his decision to link freight rates to fuel prices by leaving basic passenger fares unchanged, Bansal made it clear that he was not averse to taking the hard steps required to improve the railways’ finances.

Interview with Railway Minister.

Attached File : 831581 1141856 fuel prise adjuestement has to be dynamic it can go either way.pdf downloaded: 128 times

Replies (6)

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

GENERATING EMPLOYEMENT?

FINANCIALLY STRESSED ,BUT HIGH ON HIRING

WORLD'S LARGEST EMPLOYER WITH 1.42 MILLION STAFF..PLANS TO HIRE 1,52,000 MORE THIS YEAR

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

GBS FOR 2013-14 IS EXPECTED TO INCREASE BY MERE 8.33%

FINANCING PLAN EXPENDITURE,A CHALLENGE

*Budget Estimate Note: The Plan Expenditure For 2012-13 was revised downward to ~52,265 cr

Source: Railway Budget

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

HIGH BORROWINGS TO CONTINUE

At ~13,146 crore, the surplus would be lower than that targeted by Bansal’s predecessor, Dinesh Trivedi

The railways would create a new fund to service debt from the Japan International Cooperation Agency and World Bank, to be used to fund dedicated freight corridors.