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National News Sourced Wired

‘Railway Budget is reformist and forward looking’: PM

New Delhi, Feb. 26 (ANI): Prime Minister Dr. Manmohan Singh on Tuesday lauded Railways Minister Pawan Kumar Bansal for a commendable job in meeting competing demands of improving and increasing services for commuters and controlling expenditure of his department, and said it is a reformist and forward looking budget presenting a realistic picture of railway finances.

“The Minister for Railways has done a commendable job in meeting competing demands of improving and increasing services for commuters and controlling expenditure of his department. It is a reformist and forward looking Budget, which presents a realistic picture of Railway finances,” said Dr. Singh in his statement on the Railway Budget.

“I compliment him for his innovations in critical areas of Railway infrastructure and paving the way for capacity expansion,” he added.

The Railway Budget for 2013-14 presented spared the passengers from any further hike in fares, but raised various other charges on tickets along with freight tariff of less than five percent.

Bansal, who presented his maiden Railway Budget in the Lok Sabha, said he does not intend to pass on the impact of deregulation of diesel price for now and the Railways will absorb a burden of Rs 850 crore on account of this. (ANI)

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