RAILWAY BUDGET 2015-16 PRABHU Vs. TRIVEDI
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RAILWAY BUDGET 2015-16 PRABHU Vs. TRIVEDI

retired professor
Railways Budget 2015 Prabhu vs. Trivedi

In ‘Dream without a vision’, Dinesh Trivedi who was a prime actor in the ‘roll back or resign’ drama a few years back, describes the rail budget 2015 as a ‘big disappointment’ and talks much of ‘the poorest of the poor’.  He had during his short tenure as minister for railways increased fares of all classes, including second class passenger fare, ignoring the established canons of taxation.  Suresh Prabhu, for the first time in the recent history of Indian railways, resisted the temptation of announcing un-planned projects and introducing new trains as bounty distribution on the budget-day and thus created a good precedence of de-politicising process of Indian railways.  He is courageous enough to bring an ambitious plan of investment of rupees 8.56 Lakh Crore over a period of five years and shown a new path of resource mobilisation of institutional investment - a new category - which remained hitherto untapped.  Suresh Prabhu is more innovative and result oriented.  He is trying railways to make an engine of growth for national development.  He is within his limits to reduce operating ratio to 88.5 per cent and increase freight traffic to 85 million tonnes more than the previous year.  Given high targets and courage to achieve them, Prabhu’s budget is pragmatic and innovative better than what Trivedi had presented and failed.

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