Railway Budget Focuses on Fares, Services

Quotes

1. “ The old mindset of economic viability should be substituted by social viability. ”

   By Mamata Banerjee

2. “ I visualise an eastern industrial corridor developing alongside the eastern dedicated freight corridor. ”

Entities Mentioned

• Manmohan Singh
• Mamata Banerjee

1. India's railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances. Friday's railway budget speech underscored the Congress party-led government's focus on "inclusive growth" after it was reelected by a wider-than-expected margin in May. Prime Minister Manmohan Singh's government will present its budget on Monday. "The old mindset of economic viability should be substituted by social viability," Railways Minister Mamata Banerjee said in an address to parliament. Banerjee, looking to take advantage of the ... (Read Full Article)

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