New Delhi: A day before he unveils his Rail Budget for the year 2007-08, Lalu Prasad was smiling on Sunday, like a magician about to perform a trick. And for the Railway Minister, presenting his and the UPA Government's fourth Railway Budget is nothing short of a performance.
For, Lalu Prasad has successfully managed to balance the economics of the railways with its vital social function thus far. And when he makes his speech on Monday, he will be called upon to do his balancing act once again.
“Forget everything else tomorrow. Listen to my speech when I present the Rail Budget," Lalu said in his trademark style on Sunday at the customary photo-session before the presentation of the Rail Budget.
And you'd surely want to hear him, because he is likely to tell you — as in the past years — that you won't be paying more for your train ticket. Also, the minister is likely to announce more trains, especially Garib Raths, to give low-cost airlines a run for the passenger's money.
The railways are also supposed to get more passenger-friendly this year. So, expect some on-board entertainment and mega terminals with world-class facilities
"The budget has something for everyone," Lalu assured. "Whether it’s the rich class or the poor. It has been prepared keeping in mind the concerns of everyone in the country,” he said.
Freight rates, too, are likely to be rationalised. The railways have earned over Rs 34,000 between April last year and this January from the freight sector, which was a 16 per cent jump.
And if the money continues to flow in, which it should thanks to a booming economy, the Indian Railways are all set for a long haul.
RAIL BUDGET POINTERS | |
ON TRACK PRESENTLY (APR 06 - JAN 07) | |
| Passenger sector - Focus on volumes - More Garib Raths expected - On board entertainment likely - New age terminals | Freight sector - Revenue: Rs 34,000 cr - Revenue up 16% - Volume: Rs 593 mn Tonnes - Volume up 9% |
| LALU'S GAMEPLAN | |
Passenger Sector - No hike in fares | Freight - Increased wagon load - Rationalised freight rates - Faster turnaround time for wagons - Dynamic pricing |
| LALU THE MAVERICK | |
- Made Railways financially sound | |
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