Indian Railways already heading for privatization: Congress

Image
IANS New Delhi
Last Updated : Dec 29 2014 | 8:55 PM IST

Terming as bluff Prime Minister Narendra Modi's assertion that Indian Railways will not be privatized, the Congress Monday said it is already headed for it in view of the cabinet's green signal to 100 percent FDI in railways.

"The government is privatizing Indian Railways by stealth, by no transparency. Without calling it privatization, it is privatizing every aspect of the railways. Only the driver that runs the engine will be remain a government servant. But rest is all privatized," party spokesman Abhishek Manu Singhvi told media persons here.

Terming it yet another "somersault", he said the Bharatiya Janata Party-led government's actions at present are not in sync with the promises its leaders made on the campaign trail in the run-up to the general elections and soon after taking power.

Singhvi said Modi's strong pitch for privatization in railways in March 2013 contradicts his statement made in Varanasi this month that ruled out its privatization.

"The government's stand on Indian Railways is another addition to its list of U-turns as there is contradiction between what Modi said in his campaign, what he said after coming into power, and what he is saying at present," he said.

*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: Dec 29 2014 | 8:50 PM IST

Next Story