Focus on Amenities/Safety/Project completion/Fiscal discipline are positive signs: ICICIdirect

नयी दिल्ली New Delhi:  Railway minister DV Sadananda Gowda on Tuesday presented the Railway Budget 2014-15. Increased passenger amenities, more safety measures, timely completion of projects and increased financial discipline are the main highlights of the Railway Budget.

Commenting on the rail budget, ICICIdirect said, “The Railway Minister presented the Rail Budget 2014-15 with a thrust on improving the structural agility of Railways as an organization by proposing to separate policy and operational functions of the Railway board. In addition, the budget focused on improving passenger amenities along with safety.

Keeping fiscal discipline in mind, the railway stayed away from announcing new projects and instead stressed on consolidation and implementation of the work in hand. Infrastructure creation also received a thrust as FDI and public private partnership will take centre stage due to lack of internal resource generation and government funding. In addition, the railways intends to digitize its vast land assets to raise resources for development.

The budget is broad based in its approach as it focuses on multiple objectives such as implementation of existing projects, more safety measures and better passenger amenities along with focusing on infrastructure.

These objectives are expected to be met through a combination of structural reforms like separation of functions of the railway board, using technology as a lever to drive internal and external efficiency and funding these developments through FDI, land monetization, PP route, etc. All these bode well for the railways, which has failed to live up to the economic expectations of the populace, over the years.”

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