Railway Budget

Indian railways lead several things in the world like having more
passengers, more employees and huge network. Indian Government keeps still railways in a monopoly state, you can see great competition for Railway ministry whenever the minister allocation, which shows how importance given for railways. Its one of the toughest task to run this kind of huge network with several language speaking people, different geographical patterns and providing service for Beggar to Prince.

Indian Railways' annual Budget plan outlays a plan of nearly Rs 10,000 crore. Given the huge amount, the Railways has been allotted a distinct budget, separte from the Annual Budget. And India is the only country in the world to follow the practice. So now time for look into Railway budget which was submitted by Mr. Lalu Prasad Yadav on FEB 24th.


Glance of Budget:
No increase in passenger fares.
No increase in freight rates.
55 New trains, 37 trains extended.
Fare cut in 1st class AC passenger by 18%
Fare cut in 2nd class AC passenger by 10%
Fare cut in 3rd class AC passenger by 25%
Dynamic pricing policy for freight introduced
ATMs, cyber cafes to be provided at major stations.

Only two things are getting more importance in the railways budget passenger fare and new routes. So this its don’t have any impact on the passenger side. But Its I don’t price cut in higher class how it will helpful railways to retain its passenger, because most of the higher end passenger more conscious in TIME Factor and comfortable journey rather then ticket fare. So its just to avoid the ticket fare comparison with low cost air air fare. Some of the new train announcements are just for Eyewash like Namakkal to Karur. And it was announced five years before still works going on.

Even though Railways keeps its monopoly position, it is facing great competition with Road Transport by the excellent development in the activities by NHAI and Low fare air service.
So its time for railway to concentrate on excellent customer service and giving more important to fright movements by eliminating the inefficiency by upgrading technology, effective recruitment process, increase the trains in high density routes

I really surprised when I saw the Railways Mission Statement.
Safety
Security
Cleanliness
Punctual

But they are still lack in this. No body can refuse the service provided by railways for its passenger service in the low fare, but People are looking more development in the railways as a Partner and a loyal customer to retain its leader position in the transport.