Friday, March 23, 2012

Views of GS IRTSA on Railway Budget 2012-13 & Roll Back of Fares therein

1. Central Govt should compensate the Railways for the loss on account of the "Roll-Back" of Fares - as it has increased the subsidy on Passenger Fares still further.

2. The entire subsidy on Passenger & Freight - should be met proportionately by the Central and State Governments which ask for the same - ignoring economic realities.

3. Dividend payment by the Railways to Central Govt should be waived off - as the Railways are going in a loss on account of subsidies.

4. Early setting up of independent Tariff Regulatory Authority for Railways.

5. Central Government should increase the Capital investment in the Railways - on a higher priority - as has been done in case of National Highways. This is essentially required for expansion, modernization, safety & security of the Railways - and in turn for the National Development.

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