Suresh Prabhu unveils rail ministry’s plans for new fiscal

Suresh Prabhu unveils rail ministry’s plans for new fiscal

Railways minister Suresh Prabhu did not present the Rail Budget this year. But his speech on Thursday at an official function here was nothing short of Budget presentation: launch of a business plan for 2017-18, rollout of Roll-On-Roll-Off service, a policy on long term contracts for freight customers and plans on scaling up the travel experience for passengers. Only his speech was outside the .

“Nobody asked us to do this (make a budget presentation of sorts). But we decided to set goals for ourselves and take accountability for the tasks to be undertaken this year,” said Prabhu.

The government discontinued the 92-year-old practice of presenting a separate Rail Budget this year by merging it with the General Budget. Finance minister Arun Jaitley devoted all of three pages to the railways in the Union Budget and that couldn’t have reflected the railway ministry’s plans and vision for the coming financial year. Read More…

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