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Published Mar 14 2012 by Topnews.in

Confederation of Industries calls the railway budget as balanced

New Delhi, Mar 14 : The Confederation of Indian Industries (CII) on Wednesday called the Rail Budget presented by Railways Minister Dinesh Trivedi as balanced.

Addressing a news conference here on Wednesday members of the CII praised Trivedi for his efforts.

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"All in all I would say that one has really looked into balancing the budget pretty well and he has taken some very bold measures in the spread of the budget. And two other features that we saw are the creation of the two committees. The one under Mr. Sam Pitroda and the other under Mr. Kakodkar. I think these are very welcome features that he has placed in the budget that he has placed today" he said

Confederation of Industries calls the railway budget as balanced [Published Topnews.in - Mar 14 2012]

"The type of outlay one is seeing, one billion rupees of investment plans for this fiscal, I think that is the highest ever and that is something which he has done very adequately. Modernisation plan I think he has seen through very well. And one of the things, which we would really like to mention is that he has done is in terms of improving efficiency which is on bringing down the operating ratio from over 90 percent to a target of 74 percent by the end of the Twelfth Five Year Plan" said Banerjee

Confederation of Industries calls the railway budget as balanced [Published Topnews.in - Mar 14 2012]

"These are some of the real features that one saw across the budget. A good decision to really look at the fares and he has also balanced it very well and very clearly he has also looked at the freights and not tinker around with it" he said

Confederation of Industries calls the railway budget as balanced [Published Topnews.in - Mar 14 2012]

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