Rail Budget 2014-15 much more than ordinary Maintenance Budget: Equity Market Analysts

Railway Minister D.V.Sadananda Gowda has presented Railway Budget 2014-15 on 8th June in the Parliament.  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, Prashanth Tapse, AVP Research, Mehta Equities said, “We see this budget was much more than an ordinary maintenance budget because of time limitation and due to paucity of funds. It was the first rail budget under the Prime Minister Mr.Narendra Modi, and Government needs more time to work out the real blue print to change the face of Indian railways.”

“We liked the thought on FDI in railway and PPP models approach which will act as game changer strategy for railways going forward, but this has to be looked upon for more details after govt give a clear blue print,” he said.

“Railway minister has also given a practical approach in focusing on completing ongoing projects with limited funds, which if implemented will boost the railway revenue respectively.”

“We expect some more announcements in the coming weeks and will be important to understand the ideology and road map of Modi lead Govt,” he opined.