Letters: A road map for the future

This refers to the editorial "A fair beginning" (July 9). The railway budget presents a road map for the future. There are enough indications that the Bharatiya Janata Party government is earnest, and will come out with a time frame for implementing these changes soon. The Railway Finance Corporation may be allowed to float tax-free bonds to mobilise funds from domestic investors. Foreign direct investment should be restricted to high-tech areas, with a technology transfer arrangement. The government can also consider tapping foreign funds for railways and other infrastructure projects.

N Ramamurthy Chennai

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