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

Last Updated: Tuesday, February 26, 2013 - 17:20

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.


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