Rail budget to cater to people's needs satisfactorily: Prabhu

Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation Source: PTI

The Rail Budget will cater to the needs of all

Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation. Hailing the Rail Budget 2016-17 as "passenger-centric" as it entails no fare hike, PM Modi said it will play an important role in the country's rejuvenation. He said the budget caters to all sections of the society and "stands out because it is an infrastructure-led and employment generating budget". The government's efforts to comprehensively transform railways will gain even more momentum with this "development-oriented" Budget, the Prime Minister said. "Rail Budget showcases a vision to reorganise, restructure and rejuvenate Railways with new processes, structures, norms and sources of revenue," He said 'Vision 2020' in the budget will make the railways free from capacity constraints with higher train speed, punctuality and safety. "The Rail Budget we have prepared is in the interest of the nation and railways," said Prabhu, who presented his second Rail Budget today in the Parliament after assuming charge of the ministry. "We have tried to meet the needs of all satisfactorily. A lot of effort has gone into making the budget. We have taken the ground reality into consideration before finalising it," he said. Efforts are on to generate revenue for railways through non-tariff sources like advertising, commercialisation of surplus land, official sources said, adding that a separate directorate is being planned for this purpose.

February 25, 2016 | 05:50pm IST

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Rail budget to cater to people's needs satisfactorily: Prabhu

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