New Delhi: One year before the general elections, the government is worried about rising prices but the Railways might cut freight rates to offset the oil price shock. This could please the industry. Freight charges on coal, fertilisers, food grains, iron ore and petroleum products may be lowered by 3-5 per cent. The total plan outlay is estimated at Rs 36,000 crore as Railways profits this year could be as high as Rs 23,000 crore.
The Railway Minister is also likely to announce 26 railway line projects. A higher capex expenditure on freight corridor, locomotives, technology might also be in the pipeline.There has been a long-awaited demand to improve rail transportation in Mumbai which means that there could be more funds for the Mumbai Urban Transport Project.
Government may try to look at the future of Indian Railways as well. The budget could also see an announcement on feasibility study for high-speed train corridors and may encourage use of higher axle load wagons.Above all, airline companies in this budget will be listening to Lalu''s budget speech very carefully. Expectedly, more Garib Raths might be introduced and fares for AC-3 tier segment could also see a cut by 2-3 per cent.
The Railway Minister is also likely to announce 26 railway line projects. A higher capex expenditure on freight corridor, locomotives, technology might also be in the pipeline.There has been a long-awaited demand to improve rail transportation in Mumbai which means that there could be more funds for the Mumbai Urban Transport Project.
Government may try to look at the future of Indian Railways as well. The budget could also see an announcement on feasibility study for high-speed train corridors and may encourage use of higher axle load wagons.Above all, airline companies in this budget will be listening to Lalu''s budget speech very carefully. Expectedly, more Garib Raths might be introduced and fares for AC-3 tier segment could also see a cut by 2-3 per cent.
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