Economists are of the view that the railways need a radical overhaul to get the system back on track, requiring difficult decisions that previous railway ministers have also avoided.
Railway Minister Pawan Kumar Bansal prefers to maintain a low profile and people who work with him say the minister is "very courteous. However, bouquets and brickbats poured in for the Railway Minister from all sides.
The Railway Budget is reformist and forward-looking. The Budget presents a realistic picture of railway finances.
The Minister for Railways has done a commendable job in meeting competing demands of improving and increasing services for commuters and controlling expenditure of his department.
Terming the Railway Budget for 2012-13 as "practical and implementable", the finance minister has said that his cabinet colleague Pawan Kumar Bansal has presented the finances of the railways in a very candid manner.
- P Chidambaram, Finance Minister of India
It's a populist election budget which has addressed the Congress concerns not large regional issue and aspirations. Freight hike will add to inflationary trends. One good thing is concessions to armed forces.
- Yashwant Sinha, senior BJP leader
This is not a Rail Budget, this is a Rae Bareli budget. This budget is in favour of limited states. There are no schemes for Maharashtra, Gujarat, Bihar and Chhattisgarh in this budget.
- Gopinath Munde, BJP leader
I have never seen such an anti-people budget in my political life.... This is a budget for Congress...you can give new trains for Rae Bareli (Lok Sabha constituency of Congress Chief Sonia Gandhi), but don’t ignore Bundelkhand and Poorvanchal.
- Mulayam Singh Yadav, Samajwadi Party chief
The poor and middle classes will not benefit much from it.... Fare has been hiked through backdoor
- Mayawati, Bahujan Samaj Party supremo
States like Madhya Pradesh, Uttar Pradesh, Jharkhand, Odisha, Bihar, Assam, Bengal were ignored. They haven't concentrated on the right areas. No new lines in small areas.
- Sharad Yadav, Janata Dal (United) chief
- Nitish Kumar, Bihar Chief Minister
I think some conspiracy is there so as to hand over Railways to the private sector.
- Lalu Prasad Yadav, RJD boss
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)