CII welcomes Railway Budget 2013-14, says it is very balanced
   
Quotes

CII welcomes Railway Budget 2013-14, says it is very balanced

Last Updated: Tuesday, February 26, 2013, 17:20
 
 Comment 1
 
CII welcomes Railway Budget 2013-14, says it is very balanced
New Delhi: The Confederation of Indian Industry (CII) on Tuesday welcomed the Railway Budget 2013-14 proposals, saying that under the given economic conditions, Railway Minister Pawan Kumar Bansal had presented a very balanced set of proposals.

“The emphasis of the Railway Minister on financial viability and fiscal discipline of the Railways is most reassuring and a welcome direction. Financial discipline, safety and passenger amenities are inherent to the health and condition of this mode of transport, which is availed by the common man and the Minister has paid due attention to each”, said Chandrajit Banerjee, Director General, CII.

He added that with fuel prices getting deregulated, linking of freight rates to increase in diesel prices is the correct direction to take and CII commends the Government for taking this step.

“Lower operational ratio announced by the minister would help provide for the much needed funds which can help modernization. The prioritization of 347 projects with assured funding is a very credible move. CII looks forward to a clear roadmap on PPP for taking forward some of the more capital intensive projects,” Banerjee said.

ANI



First Published: Tuesday, February 26, 2013, 17:20


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved