Railway Budget 2012

8/2/2019 Railway Budget 2012

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Railway Budget 2012

'Trivedi should have hiked only AC fares'

West Bengal CM Mamata Banerjee is learnt to have said that she might have been agreeable tothe rail budget had only AC class fares been hiked.

Railway Budget: Govt in new crisis over rail fare

hike

Dinesh Trivedi denied that he had already quit and Pranab Mukherjee told the parliament that a

formal resignation had not been submitted to the PM.

Trivedi's fare hike reasonable: Economists

Some economists, however, said the proposed increase in passenger fare should not have been

applicable to second class tickets.

I do not want Railways to go AI way: Trivedi

I have done my duty. The country comes first and then the family or individual. I have done what

is good for the country and the railways, said Trivedi.

Top stories on Budget 2012

Measures to restructure Railway Board

Trivedi's defiance of Mamata a pre-emptive move?

Railways to hire one lakh additional employees

Railway budget: AC lounges at railway stations

Dinesh Trivedi ready to evolve high speed trains

Opposition terms budget deceitful and anti- aam admi Trivedi favours Cong & BJP-ruled states, WB gets lions share

The reformist Dinesh Trivedi who dared fare hike

Cong have to go ally shopping as TMC plays opposition

Dinesh Trivedi: The breakaway mantri

Railway Budget: Know the increase in train fares

Farewell for Railway Minister Dinesh Trivedi after fare hike

India Inc lauds, party loathes reformist budget
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akaway-mantri/articleshow/12272570.cmshttp://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedi-the-breakaway-mantri/articleshow/12272570.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-know-the-increase-in-train-fares/articleshow/12272049.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-know-the-increase-in-train-fares/articleshow/12272049.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-farewell-for-railway-minister-dinesh-trivedi-after-fare-hike/articleshow/12269070.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-farewell-for-railway-minister-dinesh-trivedi-after-fare-hike/articleshow/12269070.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-india-inc-lauds-party-loathes-reformist-budget/articleshow/12269252.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-india-inc-lauds-party-loathes-reformist-budget/articleshow/12269252.cmshttp://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-i-do-not-want-railways-to-go-air-india-way-says-railway-minister-dinesh-trivedi/articleshow/12269995.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-2012-dinesh-trivedis-rail-fare-hike-reasonable-say-economists/articleshow/12273522.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-government-in-new-crisis-over-rail-fare-hike/articleshow/12273816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-dinesh-trivedi-should-have-hiked-only-ac-fares/articleshow/12286742.cmshttp://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-i-do-not-want-railways-to-go-air-india-way-says-railway-minister-dinesh-trivedi/articleshow/12269995.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-2012-dinesh-trivedis-rail-fare-hike-reasonable-say-economists/articleshow/12273522.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-government-in-new-crisis-over-rail-fare-hike/articleshow/12273816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-dinesh-trivedi-should-have-hiked-only-ac-fares/articleshow/12286742.cmshttp://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-i-do-not-want-railways-to-go-air-india-way-says-railway-minister-dinesh-trivedi/articleshow/12269995.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-2012-dinesh-trivedis-rail-fare-hike-reasonable-say-economists/articleshow/12273522.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-government-in-new-crisis-over-rail-fare-hike/articleshow/12273816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-dinesh-trivedi-should-have-hiked-only-ac-fares/articleshow/12286742.cmshttp://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-i-do-not-want-railways-to-go-air-india-way-says-railway-minister-dinesh-trivedi/articleshow/12269995.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-2012-dinesh-trivedis-rail-fare-hike-reasonable-say-economists/articleshow/12273522.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-government-in-new-crisis-over-rail-fare-hike/articleshow/12273816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-dinesh-trivedi-should-have-hiked-only-ac-fares/articleshow/12286742.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-india-inc-lauds-party-loathes-reformist-budget/articleshow/12269252.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-farewell-for-railway-minister-dinesh-trivedi-after-fare-hike/articleshow/12269070.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-know-the-increase-in-train-fares/articleshow/12272049.cmshttp://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedi-the-breakaway-mantri/articleshow/12272570.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-after-effects-congress-will-have-to-go-ally-shopping-as-trinamool-congress-plays-opposition/articleshow/12269909.cmshttp://economictimes.indiatimes.com/news/politics/nation/railway-budget-2012-the-reformist-dinesh-trivedi-who-dared-fare-hike/articleshow/12270054.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-dinesh-trivedi-favours-both-congress-bjp-ruled-sta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Manmohan Singh to take temporary charge as Railway

Minister?

There are speculations that PM could take temporarycharge of the rail portfolio following Banerjee

withdrawing Trivedi as cabinet minister.

Railway Budget: News & AnalysisRCF Kapurthala to install 1,300 Green toilets

RCF Kapurthala will install around 1,300 bio-toilets

in various trains during the current fiscal year, in line

with the proposal made in the Railway Budget 2012.

Rail budget a case of too little, too late: Raghu Dayal

Fuel surcharge may singe the commuter's wallet

Rail budget: Maharaja inches closer to the Rajdhani Railway Budget: Delhi cheer for nine new trains

more

Politics/Nation

Rail Budget is disappointing: Narendra ModiNarendra Modi today termed the Railway Budget 2012 as disappointing for the state and said it

will take the country in "reverse gear".

Himachal again ignored in rail budget: Dhumal

No clear stand by Congress on rail fare hike

Kamat welcomes elevated corridor for Mumbai Rail Budget 2012 forward-looking: PM

more

Expert Speak

Vivek Sahai, Former Chairman, Railway Board

Kudos to Railway Minister for hiking passenger fares

The railway minister deserves kudos for being bold enough to touch

this holy cow of the rail budget, howsoever nominally. Let us try toexplore how railways can find other means to raise its

revenues.

Rail Budget 2012 will push growth

Vinay Mittal Chairman, Railway Board

Vineet Agarwal, Jt Managing Director, Transport Corporation of India
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ard/articleshow/12270804.cms?adcode=5http://economictimes.indiatimes.com/opinion/interviews/rail-budget-2012-will-push-growth-vinay-mittal-chairman-railway-board/articleshow/12270804.cms?adcode=5http://economictimes.indiatimes.com/opinion/guest-writer/rail-budget-2012-kudos-to-railway-minister-for-hiking-passenger-fares-says-vivek-sahai-former-chairman-railway-board/articleshow/12271039.cms?adcode=5http://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedis-resignation-not-received-yet-government/articleshow/12272869.cmshttp://economictimes.indiatimes.com/opinion/interviews/rail-budget-2012-will-push-growth-vinay-mittal-chairman-railway-board/articleshow/12270804.cms?adcode=5http://economictimes.indiatimes.com/opinion/guest-writer/rail-budget-2012-kudos-to-railway-minister-for-hiking-passenger-fares-says-vivek-sahai-former-chairman-railway-board/articleshow/12271039.cms?adcode=5http://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedis-resignation-not-received-yet-government/articleshow/12272869.cmshttp://economictimes.indiatimes.com/opinion/interviews/rail-budget-2012-will-push-growth-vinay-mittal-chairman-railway-board/articleshow/12270804.cms?adcode=5http://economictimes.indiatimes.com/opinion/guest-writer/rail-budget-2012-kudos-to-railway-minister-for-hiking-passenger-fares-says-vivek-sahai-former-chairman-railway-board/articleshow/12271039.cms?adcode=5http://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedis-resignation-not-received-yet-government/articleshow/12272869.cmshttp://economictimes.indiatimes.com/opinion/interviews/rail-budget-2012-will-push-growth-vinay-mittal-chairman-railway-board/articleshow/12270804.cms?adcode=5http://economictimes.indiatimes.com/opinion/guest-writer/rail-budget-2012-kudos-to-railway-minister-for-hiking-passenger-fares-says-vivek-sahai-former-chairman-railway-board/articleshow/12271039.cms?adcode=5http://economictimes.indiatimes.com/markets/markets/1977021501.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-forward-looking-manmohan-singh/articleshow/12262697.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-gurdas-kamat-welcomes-elevated-rail-corridor-for-mumbai-commuters/articleshow/12264201.cmshttp://economictimes.indiatimes.com/news/politics/nation/rail-budget-2012-no-clear-stand-by-congress-on-rail-fare-hike/articleshow/12264355.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-2012-13-himachal-pradesh-again-ignored-in-rail-budget-says-prem-dhumal/articleshow/12265399.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-is-disappointing-say-jaya-narendra-modi/articleshow/12266490.cmshttp://economictimes.indiatimes.com/markets/markets/1977021501.cmshttp://economictimes.indiatimes.com/markets/markets/1977021501.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-delhi-cheer-for-nine-new-trains/articleshow/12272095.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/railway-budget-maharaja-inches-closer-to-the-rajdhani/articleshow/12271977.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-fuel-surcharge-may-singe-the-commuters-wallet/articleshow/12272243.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-a-case-of-too-little-too-late-raghu-dayal-current-affairs-analyst/articleshow/12272355.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-rcf-kapurthala-to-install-1300-green-toilets/articleshow/12279298.cmshttp://economictimes.indiatimes.com/markets/markets/1977021501.cmshttp://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedis-resignation-not-received-yet-government/articleshow/12272869.cmshttp://economictimes.indiatimes.com/news/politics/nation/dinesh-trivedis-resignation-not-received-yet-government/articleshow/12272869.cms


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Rail Budget positive for both passengers, freightRailway Budget 2012-2013 offers a wide assortment of benefits to

the commercial and the logistics firms as there have been no major

changes in fares and freight rates.

Railways move to create tariff body good

Montek Singh

Deputy Chairman, Plan CommissionSudhir Rao, MD & COO, Bartronics India

Large disconnect between speech and implementationThere has been a fairly large disconnect in terms of what happens

during the budget speech and what is the actual level of

implementation.

Railways may not achieve budget targetsAjay Mittal

Chairman and MD, Arshiya InternationalMarkets

Sensex under pressure; banks, realty, power down

ET Bureau

The BSE's Sensex was witnessing selling pressure on rising concerns that the RBI may not cutinterest rates following high crude oil prices, weak rupee.

'BUY' OR 'SELL' ideas by experts for Monday European shares rise on bargain hunting

Consumption stocks likely to do well: P Phani Sekhar

While there is great value from a real long term perspective in some of the investment related

sectors but since there is no visibility for the next 4 to 6 quarters.

IT companies that will outperform in difficul...

Analysis: Advanta | Shoppers Stop | Ambuja Ce...

Budget cess on crude oil prod will hit profitability: Oil IndiaIn a chat with ET Now, TK Ananth Kumar, Director (Finance), Oil India, talks about the factors

impacting the company's profits and the future growth outlook.

Producing more diesel cars to fuel growth: Ma...

We would not be negative on the CAG report: I...

Defensive, consumption making a comeback: Ash...
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iatimes.com/opinion/interviews/railway-budget-2012-large-disconnect-between-budget-speech-and-implementation-says-sudhir-rao-bartronics-india/articleshow/12262145.cms?adcode=7http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-montek-singh-ahluwalia-hails-railways-move-to-create-tariff-body/articleshow/12263830.cms?adcode=6http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-positive-for-both-passengers-freight-vineet-agarwal-of-tci/articleshow/12265162.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-railways-may-not-achieve-targets-set-in-the-budget-says-ajay-mittal-arshiya-international/articleshow/12261820.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-large-disconnect-between-budget-speech-and-implementation-says-sudhir-rao-bartronics-india/articleshow/12262145.cms?adcode=7http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-montek-singh-ahluwalia-hails-railways-move-to-create-tariff-body/articleshow/12263830.cms?adcode=6http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-positive-for-both-passengers-freight-vineet-agarwal-of-tci/articleshow/12265162.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-railways-may-not-achieve-targets-set-in-the-budget-says-ajay-mittal-arshiya-international/articleshow/12261820.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-large-disconnect-between-budget-speech-and-implementation-says-sudhir-rao-bartronics-india/articleshow/12262145.cms?adcode=7http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-montek-singh-ahluwalia-hails-railways-move-to-create-tariff-body/articleshow/12263830.cms?adcode=6http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-positive-for-both-passengers-freight-vineet-agarwal-of-tci/articleshow/12265162.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-railways-may-not-achieve-targets-set-in-the-budget-says-ajay-mittal-arshiya-international/articleshow/12261820.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-large-disconnect-between-budget-speech-and-implementation-says-sudhir-rao-bartronics-india/articleshow/12262145.cms?adcode=7http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-13-montek-singh-ahluwalia-hails-railways-move-to-create-tariff-body/articleshow/12263830.cms?adcode=6http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/rail-budget-2012-positive-for-both-passengers-freight-vineet-agarwal-of-tci/articleshow/12265162.cms?adcode=6http://economictimes.indiatimes.com/markets/stocks/market-news/as-market-turns-volatile-defensives-consumption-are-making-a-comeback-ashwani-gujral/articleshow/12408297.cmshttp://economictimes.indiatimes.com/opinion/interviews/we-would-not-be-negative-on-the-cag-report-at-the-moment-tarang-bhanushali-iifl/articleshow/12412418.cmshttp://economictimes.indiatimes.com/opinion/interviews/the-only-way-to-grow-is-to-make-more-diesel-cars-rc-bhargava-maruti-suzuki/articleshow/12411791.cmshttp://economictimes.indiatimes.com/opinion/interviews/budget-cess-on-crude-oil-production-will-hit-profitability-by-about-rs-800-crore-oil-india/articleshow/12412510.cmshttp://economictimes.indiatimes.com/features/investors-guide/shoppers-stop-investors-with-a-two-year-horizon-can-consider-buying-the-stock/articleshow/12394166.cmshttp://economictimes.indiatimes.com/features/investors-guide/check-out-the-it-companies-that-will-outperform-in-difficult-times/articleshow/12393813.cmshttp://economictimes.indiatimes.com/markets/stocks/views/recommendations/consumption-stocks-likely-to-do-well-p-phani-sekhar-angel-broking/articleshow/12411766.cmshttp://economictimes.indiatimes.com/markets/global-markets/european-shares-rise-on-bargain-hunting/articleshow/12412683.cmshttp://economictimes.indiatimes.com/markets/stocks/views/recommendations/buy-or-sell-ideas-by-experts-for-monday-march-26/articleshow/12410681.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/sensex-under-pressure-banks-realty-power-down/articleshow/12412419.cmshttp://economictimes.indiatimes.com/markets/markets/1977021501.cmshttp://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-railways-may-not-achieve-targets-set-in-the-budget-says-ajay-mittal-arshiya-international/articleshow/12261820.cms?adcode=6http://economictimes.indiatimes.com/opinion/interviews/railway-budget-2012-large-disconnect-between-budget-speech-and-implementation-says-sudhir-rao-bartronics-india/articleshow/12262145.cms?adcode=7http://economictimes.indiatimes.com/news/news-by-industry/transportation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Power Stocks

Budget 2012 Videos1 / 5

Experts' opinion on whether the budget was devoid of ideas

Das Budget: Take on schemes announced- Part 1

Funny Budget 2012 song by Vir Das

Budget 2012: The verdict with Swaminathan Aiyar - Part 2

Budget 2012: The verdict with Swaminathan Aiyar - Part 1

Impact of Union Budget on the market - Part 2

Impact of Union Budget on the market - Part 1
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6945.cmshttp://economictimes.indiatimes.com/et-now/budget/budget-2012-the-verdict-with-swaminathan-aiyar--part-1/videoshow/12296945.cmshttp://economictimes.indiatimes.com/et-now/budget/budget-2012-the-verdict-with-swaminathan-aiyar--part-2/videoshow/12297095.cmshttp://economictimes.indiatimes.com/et-now/budget/funny-budget-2012-song-by-vir-das/videoshow/12303521.cmshttp://economictimes.indiatimes.com/et-now/budget/das-budget-take-on-schemes-announced-part-1/videoshow/12305934.cmshttp://economictimes.indiatimes.com/et-now/budget/experts-opinion-on-whether-budget-was-devoid-of-ideas/videoshow/12332686.cmshttp://economictimes.indiatimes.com/et-now/videohome/4413218.cmshttp://economictimes.indiatimes.com/markets/stocks/views/recommendations/articlelist/3053611.cms


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How Union Budget is going to impact investors - Part 3



Disappointed with hike in excise, service tax: Edelweiss

Fine print of the Union Budget 2012

Opposition leaders slam Union Budget 2012

Budget breather for airlines, can raise foreign funds

Budget to give much needed push to infra sector

Markets unimpressed by Union Budget 2012

India Inc's verdict on Union Budget 2012

Subsidy at 2% of GDP is achievable: Chanda Kochhar

Budget to boost manufacturing sector: Anand Sharma
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6/60

Govt amends I-T Act to check tax evasion in foreign deals

Budget Topics

Budget India|Railway Budget|Budget Highlights Indian Budget|Budget 2012|Financial Budget

Budget Impact|Rail Budget Of India|Budget News

Union Budget 2012|India Budget 2012|India Rail Budget

Indian Budget 2012|Indian Union Budget|India Union Budget 2012

Live Budget Updates|Budget Wishlist|Budget 2012-2013

Budget News 2012|Budget Expectations|Economic Survey 2012

Union Budget 2012-13|Union Budget Updates|Pre Budget News

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7/60

TIMES OF INDIA

Related:Dinesh Trivedi|Trinamool Congress|New Delhi|Mamata Banerjee|Lok Sabha

News Sort by:Relevance|Recency

NextTOI 14 Mar 2012,23:49

The railway commuter groups said that the budget has failed to address the long pendingdemands.

TOI 14 Mar 2012,23:48

The railway commuter groups in the city expressed disappointment over the budget.

TOI 14 Mar 2012,20:34

A large number of passengers at Patna Junction and Danapur station remained glued to TV setsto watch the telecast of railway budget . Some of them were disappointed as no super fast trains

like Duronto were given to Bihar particularly on the Patna - Bangalore , Patna -Delhi , Patna -Pune and Patna -Mumbai routes to cope with rush of huge traffic , they said in anguish .

Government wants to focus on overall developmentTOI 2012-03-25 05:45:00

...up of Auto Nagar, a full-fledged unit of Jayadeva Heart Hospital, Shankara Sandesh Bhavan,

the Mysore Palace project, mono rail, creation of Film City and the establishment of internationalcricket stadium in the city. Auto Nagar Mysore has hundreds of garages...

Difficult decisions ahead, warns PranabTOI 2012-03-25 02:46:00

...touchy issues to avoid any embarrassment such as the one that followed an across-the-boardfare hike in Dinesh Trivedi's rail budget. In his statement at the industry chamber, Mukherjee

was upfront in admitting that he could not push through the tough measures...

Pranab launches appeal over flailing economyET 2012-03-24 17:20:00

...with coalition members allying with the opposition to stymie reforms. Earlier in the week, thegovernment scrapped plans to hike rail fares -- a move intended to raise funds to repair the

antiquated and unsafe network -- underscoring its growing difficulties...

PM didn't want me to quit: Dinesh TrivediET 2012-03-24 04:58:00
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...Trivedi's railway budget kicked off a political storm after it changed track from the populist

script of his party, the Trinamool Congress. The government, however, gave in to pressure fromTrinamool chief Mamata Banerjee and replaced Trivedi with Mukul Roy....

Rollback may derail improvementsTOI 2012-03-24 04:45:00

...the increase of 15 paise per km and 30 paise per km in passenger fares in AC 2-tier and AC-1tier has been kept unchanged. On March 14, while presenting rail budget, former railway

minister Dinesh Trivedi had proposed the hike in rail fares after 8 years....

I quit on my own to save govt blushes: Dinesh TrivediTOI 2012-03-24 03:21:00

...DELHI: Former railway minister Dinesh Trivedi, who was forced to quit over raising fares in

the rail Budget, on Friday claimed that the PM would never have asked him to step down and

would have preferred to retain him in the Cabinet even if it meant losing...

Mumbai supports suburban fare hikesTOI 2012-03-24 03:12:00

...making losses. Shubash Gupta, member, Zonal Railway Users' Consultative Committee, said,"The moot question is whether the railways will now compromise on passenger safety and put on

hold amenity upgrade." Commuters said a hike of Rs 2 per km was within reasonable...

Single transport authority a must for PuneTOI 2012-03-24 01:22:00

...congestion and traffic problems in the long run. There should be a separate dedicated set-up fortraffic issues with a separate budget," he added. Prasanna Patwardhan said that all advanced

countries are taking measures to focus on movement of people instead...

Fare train of thought.TOI 2012-03-23 20:52:00

...the list of funny encounters fills diaries which may one day find their way here. But for themoment, it is about the recent rail budget - and what the reaction onboard a train from Goa to

Delhi a few days ago to the proposed increases and roll back has been....

Opposition hauls government over CAG report, points finger at Prime Minister

Manmohan SinghET 2012-03-23 12:00:00

...carry on with their protests, they relented after a request from finance minister Pranab

Mukherjee to allow the passage of the rail budget and discussion on the general budget.Mukherjee said that the opposition would be allowed to raise the matter along with...
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SP, BSP, JD(U) too ask for rail fare hikerollback

NEW DELHI: A day after Trinamool Congress chief Mamata Banerjee favoured the withdrawal of rail fare hikes for

the general and sleeper classes as such a move would "hit the poor,'' the Samajwadi Party,BSPandJD(U)too

demanded a rollback.

Participating in the debate on the rail budget, with the new railway minister Mukul Roy in attendance, the three 'social

justice' parties mounted pressure on the government to maintain status-quo in the fares of the non-AC classes, used

mainly by ``the poor and the downtrodden.''

Earlier in the day, Roy was sworn in as the new railway minister, replacing party colleague Dinesh Trivedi, who had to

pay the price for daring to propose an increase in the farestructure for all classes, including the sleeper and general

classes. As soon as the House assembled for the day, the prime minister introduced Roy.

With the West Bengal chief minister setting the tone for a partial rollback in fares, and the government managers

dropping enough hints to suggest that they were not averse to the idea, Roy has his task cut out. He's likely to reply

to the discussion in the rail budget in the Lok Sabha on Thursday and announce withdrawal of hikes proposed for the

general and sleeper classes.

Backing the hike proposed in the AC fares, Samajwadi Party member Rewati Raman Singh argued against disturbing

the travelling cost of general and sleeper classes. "There should be rollback in the fares of these two classes,

frequented by the poor,'' he said.

BSP leader in the Lok Sabha, Dara Singh Chauhan, too, dished out a similar argument.

"Trains are the first priority for the poor while charting out their travel plans. As such, the fares of the general and

sleeper classes should be kept low. The poor have been disappointed by the announcements made in the railbudget. His concern should be addressed by the new railway minister. The general and sleeper class fares should be

slashed. If possible, AC fare-hikes too should be withdrawn,'' the BSP member contended.

Banerjee had indicated that there will be a partial modification in fare hike proposals contained in the rail budget. "If

our nominee will become the railway minister, then we will modify the fares.

Two accidents greet new rail minister Mukul

RoyNEW DELHI: On a day railways got a new minister in Mukul Roy after some serious politicaldrama, two accidents at unmanned level crossings in UP killed 15 people and injured five,

highlighting the transporter's failure to eliminate such crossings due to shortage of funds.

In his first statement in Parliament on Tuesday, Roy blamed the van driver's negligence for the

accident in which a passenger train rammed into a four-wheeler at an unmanned level crossing
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near Hathras in UP which claimed 15 lives, including two women.

In the other accident, the Aishbagh-Pilibhit passenger rammed into a truck loaded with cement

between Bakshi Ka Talab and Itaunja stations at an unmanned crossing, leaving five persons

injured.

Though most accidents occur due to negligence of road users, the railways cannot shed its

responsibility in its failure to man a large number of the 14,896 level crossings across the

country.

"Despite fund constraints, the railways has manned around 6,500 such level crossings in the past

three years," an official said.

The situation is alarming as more than 40% of the train accidents, involving 60-70% of total

casualties, occur at unmanned level crossings. Between 2007-08 and 2010-11, accidents at level

crossings led to 723 deaths and 690 injuries, a high-level safety committee headed by former

Atomic Energy Commission chief Anil Kakodkar had said.

It suggested total elimination of all level crossings -- manned and unmanned -- in five years at anestimated cost of Rs 50,000 crore. The panel argued that the cost would be recovered over 7-8

years due to savings in operation and maintenance costs and improved train operation.

As minister, Dinesh Trivedi in his budget had announced setting up of a Special Purpose Vehicle

-- Rail-Road Grade Separation Corporation -- to fast-track elimination of level crossings in the

next five years. "However, funding is an issue which needs to be collectively addressed," he had

said.

Though Roy announced Rs 2 lakh compensation for each death, he will have to take a serious

look at the Kakodkar committee's recommendations and will have to find ways to mobilize

resources to put the ailing railways back on track as his party chief and West Bengal CMMamata Banerjee has already asked for rollback of the hike in passenger fares.


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6TH FIVE YEAR PLAN

Chapter 1:

DEVELOPMENT PERFORMANCE

India began the process of planned development nearly thirty years ago with the start of the First FiveYear Plan in April, 1951. The central purpose of planning was identified as that of initiating "a process ofdevelopment which will raise living standards and open out to the people new opportunities for a richerand more varied tire" (First Five Year Plan). The manner in which this purpose has been translated intospecific objectives has varied from Plan to P!an. However, in a broad sense, the basic objectives ofplanning in India can be grouped under four heads: growth, modernisation, self-reliance and social

justice. In one form or another but possibly with varying emphasis these objectives reflect the views of allsections of the population and represent a national consensus on the aims of planning.

GROWTH

1.2 Betwen 1950-51 and 1978-79 the underlying trend rate of growth of national income was 3.5 per cent,

of agricultural production 2.7 per cent and of industrial production 6.1 per cent. In per capita terms,income has grown at a trend rate of 1.3 per cent, which, after allowing for the rising share of investment innational income, has meant a modest 1.1 per cent per annum rise in per capita consumption.

1.3 The growth of the economy during the planning era has to be judged in the context, of the prolongedperiod of stagnation that preceded Independence. Judging by expert estimates of the national income ofundivided India, the trend growth rate between 1900-01 and 1945-46 was 1.2 per cent for nationalincome, about 0.3 per cent for agricultural production and 2.0 per cent for industrial production. One ofthe most significant achievements of our development' policy after Independence has been the fact thatthis handicap of stagnation was overcome and the process of growth initiated.

1.4 The grov/th performance of the economy in different plan periods is presented in Annexure 1.1. Thesedata show that except for the Third Plan where, in the last year of the Plan, the economy was badly hit bya severe drought, the rate of growth of national income has ranged between 3 and 5 per cent which is asignificant achievement. However, except in theFirst and Fifth Plan, the actual growth rates have beenless than the higher targets specified in the Plans:

Table 1.1 Targetted and Actual Growth Rates (Percentages)

Sl. No. Plan Target Actuals Growth rate for

(0) (1) (2) (3) (4)

1 First Plan 2.1 3.6 national income

2 Second Plan 4.5 4.0 national income

3 Third Plan 5.6 2.2 national income

4 Fourth Plan 5.7 3.3 net domestic product

5 Fifth Plan 4.4 5.2 gross domestic product.

Note: Targets were generally specified in terms of net national income/product upto the Fifth Plan inwhich for the first time, targets were specified in terms of gross domestic product.

The shortfall in the growth in national income has of course meant a corresponding shortfall in targetted


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levels of per capita income.

1.5 The growth of national income depends on a complex interaction of large number of variables, not allof which are amenable to government control. However, it is well known that the quantum of investmentand the productivity of this investment, as measured in a simplified model by the capital output ratio,exercise an important influence on the overall growth rate. An approximate and first -order explanation forthe gap between target and actual levels of income growth can be found in a comparison of the trends inincome and investment. The main conclusion siiesested by such a comparison is that shortfalls forexcesses) in income growth are larger than what would follow from the shortfalls (or excesses) ininvestment. The main reason for this is that realised capital output ratios, particularly during the Third andFourth Plan periods, have been much higher than anticipated. One further point in the comparison that isworth noting is that total investment targets have, by and Ipree. he^n me

1' or exceeded m recent plans.

However. in the Fifth Plan peno'd, the excess was due largely to hirher levels of private sector investmentand stock accumulation in the public sector. The with the Industrial Policy Resolution of 1956, articulatedexplicitly the objective of rapid industrialisation. Apart from rapid growth, this strategy involved certainother key components viz.. a shift in the industrial structure towards industries producing basic materialsand capital goods and the growth of the public sector in industry.

With the Industrial Policy Resolution of 1956, articulated explicitly the objective of rapid industrialisation.Apart from rapid growth, this strategy involved certain other key components viz.. a shift in the industrialstructure towards industries producing basic materials and capital goods and the growth of the publicsector in industry.

1.21 At Independence we inherited an industrial structure that was restricted to a few industries liketextiles and sugar. The first steel plant had been set up and there was some limited development ofengineering in railway workshops and assembly plants. the drive to diversify this structure, a drive linkedto the search for self-reliance, has been the keynote of the industrial strategy of our plans. The extent ofchange brought about by this drive is indicated in Annexure 1.6. As these data show the relative share inindustrial production of the traditional manufacturing sectors like food and textiles has declined and that ofnew sectors like chemicals and engineering has increased very substantially. In terms of sophistication oftechnology and the range of goods manufactured an extensive degree of industrial diversification hasbeen achieved.

1.22 The organisation of industry has also undergone a major change with the development of the publicsector. Between 1960-61 and 1977-78, the share of the public sector in the value added in mining andorganised manufacturing grew from 8.1 per cent to 28.9 per cent. The development of the public seciorhas been the principal element in our drive for industrial diversification and in industries like steel, non-ferrous metals, petroleum, fertilisers, petrochemicals and heavy engineering, public sector units play adominant role-

1.23 The industrial policy of the Government accepted the important role of the private sector and anelaborate network of institution has been established to support it and to regulate its activities. A majorcomponent of the support system is the network of development banking institutions which have beenestablished to finance private investment in industry. The cumulative disbursements of these institutionsamounted to over Rs. 5,000 crores by March, 1979 of which over 80 per cent was disbursed in the lastten years. Apart from these development banks, the government has set up a variety of institutions toassist in the provision of infrastructure, raw material supply, marketing and technology development.Small scale industries and artisans have also been protected through product reservations and fiscalconcessions. The regulatory framework for controlling the pattern of private industrial investment was setup in the early years of the planning era with the Industries (Development and Regulation) Act andelaborated later through the Monopolies and Restrictive Trade Practices Act and other measures. Themanner in which these regulatory functions have been exercised has been reviewed from time to timeand appropriate changes made. The institutional framework for supporting and regulating private industry


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is by no means perfect. The essential point, however, is that a variety of institutions and agencies havebeen established and have succeeded in stimulating the development of new industrial activities, newcentres of industry and new entrepreneurs. But their success in these matters is less than what wesought and hence there is a need for adapting and elaborating both the support system and theregulatory framework to suit the fast changing needs of a diversified industrial economy.

1.24 The tasks of modernisation and structural change in agriculture were even more daunting at the startof the planning era. The outmoded land tenure system, the primitive technology of cultivation and lack ofan infrastructure for raising productivity proved formidable barriers to agricultural advance. The fact thatthese barriers have been overcome to an extent is one of the major successes of our planning effort.Zamindari and other intermediary tenures have been almost eliminated. The technology of cultivation haschanged substantially with the spread of high-yielding varieties and the extension of irrigation, a changewhich was facilitated by the elaborate network of agricultural research and extension set up during theplanning era. One further change of consequence is the establishment of a system of support prices,procurement and public distribution. Significant progress has been made no't only in the production ofmajor foodgrains but also in horticultural crops like apples and animal products like eggs, milk and fish.

1.25 Some data on the indicators of modernisation in agriculture are presented in Annexure 1.7. Thegrowth in irrigation is a common feature which runs through the plans though the pace of expansion inrecent years is far higher than before. The use of the new technology based on high yieldina varieties andfertilisers spread rapidly only after 1965. This difference is reflected in the larger contribution ofproductivity "ain to production growth in the period after 1964-65, the relevant annual growth rates beingas follows:

Table 1.3 Growth Rate of Area, Production and Yield

Sl.No. Item Foodgrains Non-foodgrains

1949-50 to1964-65

1964-65 to1978-79

1949-50 to1964-65

1964-65 to 1978-79

(0) (1) (2) (3) (4) (5)

1. Area 1.4 0.6 2.5 0.82. Production 3.0 3.4 3.5 2.6

3. Yield 1.4 2.3 1.0 1.3

The process of technological modernisation in a culture has, however, just begun. Average yield le inmost regions and farming systems are below v can be attained with known technology. We need toextend modern technology to new areas, develop a technology for ecologically handicapped regions andutilise fully our irrigation potential as well as the potential of rainfed areas.

1.26 Several changes have taken place in agricultural credit and marketing. The system or cooperativecredit has spread, lessening the dependence of the cultivator on exploitative moneylending and tradingpractices. Institutional term finance lor agriculture has grown with the reorientation of the banking system

and the establishment 01 Land Development Banks, Regional Rural Banks and apex in'siitirtions like theAgriculture Refinance and Development Corporation. In agricultural marketing, the dominant role of theFood Corporation of India in foodgrain trade and the growth of marketing and processing cooperativeshave helped both farmers and consumers. In the case of milk, cooperatives and urban milk supplyschemes have captured, a substantial part of the market. These and other change's in the field of creditand marketing have altered the very unequal relationship between the farmer and the trader and, bydoing so, have stimulated agricultural progress.


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1.27 The foundations of industrial and agricultural advance lie ultimately in the availability and effectiveuse of human skills. All our plans have emphasised the need to develop these skills at all levels fromthose required at the shop floor or the farm to those required in fundamental research. In agriculture, anintegrated system involving research institutes, agricultural universities and an extension machinery hasbeen set up. In Industry, there is a network of industrial research laboratories, R&D divisions in majorenterprises and consultancy firms for project consultancy and design engineering. At the shop floor level

there is no major shortage of industrial skills. The basis for this major advance lies in the rapid expansionof technical education. Thus, between (1950-51 and 1975-76), the number of students in engineering,technological colleges increased from 13 thousand to 286 thousand and in Industrial Training Institutesfrom 10 thousand to 138 thousand. The same picture holds true for other categories like scientists,doctors and agricultural graduates. In fact, India now has the third largest scientific and technical workforce in the world. However, the capacity of the system to absorb fully these skills in productiveemployment has been less '''in adequate. Also in pure and applied research advances have beenlimited except in a few areas like agricultural research, atomic energy and space. At the farm or shop floorlevel, average productivity levels are below what can be attained with known technology. Human skillsare a formidable asset since they last not merely during one working life but because they aretransmitted, for generations. If these assets are used effectively, they may w-!l turn out to be one of themost fruitful results of pi'inning.

1.28 The mobilisation of savings and their use in preferred directions is a crucial element in anydevelopment effort. Our success in this regard his been dealt with earlier. A significant feature of thesavin"-; mechanism has been the growing fungibility of savings as the share of savings accumulated byhouseholds in the form of deposits, shares, debentures, life insurance and pension funds has increasedfrom 10.0 per cent of net savings in 1950-51 to 33.0 per cent in 1978-79. Thus, primitive processes ofaccumulation in which households and small enterprises invest ineir savings directly in their own activitiesor in currency hoards have given way to more complex forms in which, through financial intermediariesand capital markets, households savings can be channelled into a much wider variety of activities.

1.29 There is one quaiification, however, to this picture of a deepening of financial structure. The marketfor corporate issues continues to remain very narrow. .Net household savings in the form of coi-porateshares and debentures which amounted to 8.0 per cent of savings in 1950-51 have tended to stagnateeven in nominal terms and, in 1977-78, when they were well above the trend, they amounted tc only 2.1

per cent of net savings. Since the share of corporate savings in total savings has also tended to decline, ithas become increasingly difficult to maintain the tempo of development in the private corporate sectorthough the deficiency has been covered to a considerable degree by the growth of developmeni bankingwhich was mentioned earlier.

1.30 The pattern of utilisation of savings has beer influenced by several innovations like the developmentbanks for industry and agriculture and the system of cooperative credit. A major change in the functioningof capital markets was effected through the nationalisation of banks in 1969 after which there has been asubstantial increase in bank lending to agriculturists, artisans, small industrialists and transport operatorsand others whose access to bank credit was hitherto severely limited.

1.31 Planning implies state intervention in economic matters which involves not just a few big projects butalso a large number of small works and programme directed at individuals. At Independence we inherited

a patchy administrative structure oriented toward; maintenance of law and order and revenue administration. Over the planning period an elaborate development administration has been built up from thvillage, through the block and district to the secretariat level. Though there are deficiencies in thisstructure in terms of motivation, probity and efficiency it at least provides a point of contact between thgovernment and the household or the enterprise. A further change has been introduced by theestablishment of panchayati raj which, in many states, play an important role in developmentadministration.


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1.32 Over thirty years of planning the structure of the Indian economy, the technology of production inagriculture and industry and the institution framework within which economic activities are conductedhave changed substantially. The bedrock on which these changes are based lies in the tremendousgrowth in human skills and, because of this firm base, the force of modernisation and technologicaladvance are firm Iv entrenched in all sectors of the economy even though the pace of diffusion variesfrom one sector to anothe and from one region to another. The major problem

the extension of scholarships for weaker sections and better geographical spread of institutions. Yet theilliteracy rate remains large (65.5 per cent in 1971 ex-cirding the 0-4 age group) and the quality of theschooling provided needs substantial improvement. Besides these two major social services, publicexpenditure has provided water supply and other municipal services in urban slums and in villages, housesites for the poor in rural areas and supplementary nutrition for vulnerable mothers and children, all ofwhich benefit the poor but do not necessarily show up in the data on consumption expenditure.

1.48 An individual obtains an income from the ownership of assets and from employment. The limitedimpact of the Plans on the well being of the poor sections of the population is a consequence of ourinability to restructure the distribution of assets and to provide a sufficiency of employment for a growingwork force.

1.49 Accord^e to the all India debt and investment survey tb distribution of assets in rural areas, where

the bulk of the population lives, was as follows:

Table 1.5 Distribution of Assets in Rural Areas (Percentage)

S). No. Percentage share in assets of 1961 1971

(0) (1) (2) (3)

1 Lowest 10% 0.1 0.1

2 Lower 30% 2.5 2.0

3 Top 30% 79.0 81.9

4 Top 10% 51.4 51.0

These figures bring out the very low level of asset hakims'; o" the poorest 30 per cent in rural areas. Theyalso show that there has not been any major change in the structure of asset ownership in rural areasduring the sixties. In fact if 'poor' householders ai'3 defined as those with less than Rs. 1000 of assets in1961 or, to allow for inflation, Rs. 2500 in 1971, the percentage of such households increased from 30 percent in 1961 to 35 per cent in 1971. The bulk of the assets of these poor housaeholds consist only of theirhuts, some household goods and some livestock.

1.50 The principal productive asset in rural areas is land which in 1976-77 was distributed as follows:

Table 1.6 Distribution of land

(percentage)

Sl. No. Operational holdings of Number Area operated

(0) (1) (2) (3)

1 Less than 2 hectares 72.6 23.5

2 210 hectares 24.4 50.2

3 Over 10 hectares 3.0 26.3


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Small and marginal farmers who constitute over 70 per cent of the landholders operate barely 24 per centof the land. The very substantial improvement in agricultural productivity brought about by irrigation andthe new seed-fertilizers technology improve directly the earning power of agricultural land and onlyindirectly that of agricultural labour. Hence agricultural growth by itself may not solve the problem ofpoverty. It is, therefore, necessary to adopt positive measures combining a mix of employmentgeneration, diversification of occupations, land reforms, reorientation of the credit systems and massivepublic investment in rural infrastructure so as to ensure that the fruits of economic progress are moreequitably distributed in rural areas.

1.51 The programme of land reforms instituted right at the beginning of the planning period was meant toredistribute this primary resource. The first phase of this programme which involved the abolition ofzamindari and intermediary tenures has been, to a large extent, succes

Documents

Railway Budget 2012