Railway budget, development oriented, says Ravi Shankar Prasad

Image
ANI New Delhi
Last Updated : Feb 26 2015 | 3:15 PM IST

Union Communications and Information Technology Minister Ravi Shankar Prasad on Thursday lauded the Centre's Railway Budget for fiscal 2015-16 in Parliament as a profound development oriented budget laying down the roadmap of the critical contribution of Indian Railways in national development.

"It is a very profound development oriented budget which seeks to lay down the roadmap of the critical contribution of Railways in national development. What is important is that the budget is very holistic, and all the segments of critical components for development needs to be addressed have been addressed," he told the mediapersons here.

"There is a vision, there is a roadmap and right from cleanliness to improvement in the safety standards to further passengers amenities at the ground level, all have been addressed including a vision for smart trains, more speedy trains and the needs of passengers' safety," he added.

Presenting his maiden railway budget, Railways Minister Suresh Prabhu said the railways has to undergo a transformation over the next five years.

He said the proposed investment in railways will be Rs. 8,56,020 crores by 2019.

The thrust of the Railways is to become a prime mover of the economy once again, act as a resource mobilisation for higher investments, decongestion of heavy haul routes and speeding up of trains, emphasis on gauge conversion, doubling, tripling and electrification.

Raising the 'Swachh Rail Swachh Bharat' slogan, Prabhu said professional agencies will be engaged to ensure cleanliness. There will be e-catering to select meals from an array of choices and passenger can order food through IRCTC website at the time of booking of tickets in the coming days.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 26 2015 | 3:07 PM IST

Next Story