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Economy
Railway Budget
Pushing Indian Railways back on track. The Railway Budget has adequately
addressed the ongoing financial woes with revenue-enhancing measures. The
passenger fare hikes come on the back of freight rate hikes on March 6, 2012. The
budget aims to lower the operating ratio to 84.9% in FY2013 from 95% in FY2012.
This is definitely a positive given that the trend returns to the pre-Sixth Pay Commission
era when the ratio was ~76% in FY2008. The budget also provided for safety,
modernization and infrastructure development through a plan outlay of Rs601 bn.
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