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.

Read more>>

More on rail budget

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


About speakindia
Speak India is a medium to foster debate on current issues concerning the "Aam Admi". Feel free to comment and share your point of view on Speak India.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: