Railway Budget – 08 – Simply Lalu

 

A buoyant economy helped Railways Minister Lalu Prasad better most of his estimates for the current financial year with a record cash surplus, though the pragmatic politician from Bihar has budgeted for a slowdown in his 2008-09 targets in his fifth consecutive railway budget.

An eye to elections due 2009, however, saw Prasad announce a 5 per cent cut in freight rates on petrol and diesel and a token drop in fares for all classes of passengers.

“Bowing to the hopes and expectations of millions of people, I have decided to reduce passenger fares and freight rates this year,” Prasad said in a characteristically entertaining speech in Parliament.

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No-discrimination in rail budget: Lalu Sify
India Inc. Lauds Populist Railway Budget International Business Times

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