Railway Budget 2016 – A win-win Budget for Industry, Railways: Hindalco

HindalcoRailway Minister, Suresh Prabhu, on Thursday presented his second Railway Budget for 2016-17.

The budget a win-win for industry and railways, said D. Bhattacharya, MD, Hindalco and Vice Chairman, Novelis said

Prabhu, spelling out his strategy, the Railway Minister said it would rest on three pillars of ‘Nav Arjan, Nav Manak and Nav Sanrachna (new revenue, new norm and new structure)’.

To make the functioning of railways more efficient, he announced seven missions, including activities to increase the average speed of superfast mail trains by 25 kilometres per hour in the next five years.

While speaking to dna, Bhattacharya, said, “The Railways Budget is customer-centric, both for the passengers and the industry. It is seeking to enhance the competitiveness of railways for goods traffic through announcements of re view of the freight tariff structure, direct long term freight negotiations with key partners, container trains with time-table and focus on improving connectivity to ports and speed of freight movement …. a win-win for the industry and the railways.”

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