IBNLive.com: Breaking news from India

 

RAIL BUDGET FULL TEXT

Font Size A+A-

Full text: Railways Budget 2009

TimePublished on Fri, Jul 03, 2009 at 17:20 in Business section

TRAIN GAIN: Unchanged passenger fare was the main highlight of the Rail Budget.

TRAIN GAIN: Unchanged passenger fare was the main highlight of the Rail Budget.


Ads by Google

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Ads by Google
  
Print
Email

Speech of Kumari Mamata Banerjee

Introducing the Railway Budget 2009-2010

On 3rd July 2009

1. Madam Speaker, I rise to present the Budget Estimates for the year 2009-10 for the Indian Railways. I am extremely honoured presenting the first railway budget in the august House presided by the first lady Lok Sabha Speaker of the country.

2. This is the first Railway budget that I will be presenting as a Minister in the UPA government. I thank our respected Prime Minister, Dr. Manmohan Singh Ji for his valued guidance and support and I am also thankful to our honourable Finance Minister for his kind support. I have presented two Railway Budgets earlier and this will be my third Railway Budget.

3. Madam, I know how our Hon’ble Members of Parliament representing people from all parts of the country have high expectations from Indian Railways. They want new projects in their states and constituencies. They also want more new lines, more budget provisions and existing projects to be expedited. They want more trains and better services.

4. Railway is the visible face of the government and we are proud of it. Madam, therefore standing before the august House, please permit me to raise a question as to whether railway projects are to be measured only on the scale of “economic viability” or do we also need to look at the “social viability” of these projects ? Are the fruits of development to be restricted only to a privileged few and not to the teeming populations in remote and backward areas of our country? These projects may be economically unviable but are an economic necessity for the people of those regions who have remained victims of backwardness and poverty. They need these projects even more. I do believe and I am firmly committed to the visible upliftment of the downtrodden and under privileged which is imperative for holistic socio economic development of the country. These projects that are instrumental in upgradation of the deprived and under privileged, may not meet the so called economic viability criterion but create real economic assets which will be far more beneficial for future development.

5. Several years have passed since we got independence. Just as everybody has a right to vote in democracy, in the same manner, every ordinary person should have the right to development. Several lakhs of people are awaiting development. The time has now come for them to receive their share in fruits of development. I think the time has come when our economists and social philosophers will have to consider, that the upliftment of the poor and down trodden, is the primary task of any welfare government and society and the old mindset of economic viability should be substituted by social viability. As the former Prime Minister Indiraji once stated that “elimination of poverty demands frontal attack on vested interests and causes of poverty”.

6. I believe that by building up major infrastructural facilities like Indian Railways, we will be able to aim at development of the large number of face less poor people. These are at the core of my developmental approach for railways.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | Next Page »
Ads by Google
Related Ads:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Read more comment »

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us | Connect.in.com

© 2010 IBNLive.com India. All Rights Reserved. A Web18 Venture

CNN name, logo and all associated elements ® and © 2009 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.