FKCCI welcomes Railway Budget

BANGALORE: The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has welcomed Union Railway Budget 2012-13. In a statement, it said the budget rightly lays emphasis on better i

Published: 16th March 2012 02:45 AM  |   Last Updated: 16th May 2012 06:36 PM   |  A+A-

BANGALORE: The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has welcomed Union Railway Budget 2012-13. In a statement, it said the budget rightly lays emphasis on better infrastructure, security and amenities, hygienic conditions both in trains and stations. The forum stated that it also welcomes the idea of fare neutralisation with fuel price changes to be implemented in future.

The Chamber welcomed the Union Government’s move to establish a coach factory in Kolar and the modernisation of  19,000 km tracks which handles about 80 per cent of traffic. However, it expressed apprehensions about “unwarranted” administrative expenses.

The budget is silent on the completion of 13 projects that are being executed in collaboration with the state government and there is no mention of Hubli-Ankola railway line, it said. The Chamber further said they were worried about the existing 487 projects.

Implementation of PPP projects in the context of land acquisition was also worrisome, FKCCI said in its statement.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

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