Gowda's Maiden Rail Budget Presentation Begins

Safety and basic amenities are likely to be the top priorities for Gowda as he presents the first railway budget of the Modi government.

Published: 08th July 2014 12:03 PM  |   Last Updated: 08th July 2014 12:42 PM   |  A+A-

NEW DELHI: Railway Minister Sadananda Gowda has started presenting the first railway budget of the Modi government in Parliament.

The budget is set to propose steps to boost the department's revenues, as it is saddled with a huge cash cruch of Rs.26,000 crore amid a decline in the growth in passenger earnings.

The new government has already increased railway passenger fares by 14.2 percent and the freight carriage charges by 6.5 percent. However, it will need more funds from international lenders to finance long gestation projects.

"Going to present my maiden budget as a rail minister of India today. Hope we are able to meet public expectations," Gowda, former chief minister of Karnataka who represents the Udupi Chikmagalur constituency in Lok Sabha, tweeted had earlier.

He said even though Indian Railways carried the largest number of passengers and freight, it stood much behind in efficiency, punctuality, cleanliness and services.

More budget stories and highlights



Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp