Railways to Return Full LOAN to Finance Ministry
Operating Ratio to be Improved Substantially
Introducing the Railway Budget, Minister of Railways Shri Dinesh Trivedi said that the Railways intends to bring down the operating ratio to 84.9% in 2012-13 as compared to 95% in the current year. He said if this trend continues, the operating ratio will improve upon even the best ever of 74.7% within the 12th Plan. The best ever operating ratio was achieved way back in the year 1963-64. He said the landmark improvement in Railway Finances would enable building up a strong case to meet the challenges ahead and bring back the confidence of people in Railways, thereby dispelling all apprehensions that Indian Railways is going downhill.
Shri Trivedi also announced Railway’s intention to return the full loan amount of Rs.3000 crore alongwith interest during the year which it has borrowed from the Finance Ministry to meet the urgent need of safety related investment in 2011-12.
1 comment:
Dinesh Trivedi has proved that he has the credentials of being a future Prime Minister of this country. He has placed country before self - done his duty to the nation without compromising his conscience. Perhaps he would do well to roll back the 2 Paise per Kilometer fare of the lowest rung of the fare ladder - that would benefit the really poor people. If the Govt of India could help a bit by providing a little assistance to cover the loss to the Railways, I think this would definitely be a welcome budget in keeping with the need of the hour economically as well as politically and would definitely enhance the image of our country in the international comity of nations. Congratulations Dinesh Trivedi - keep it up!
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