| Rail Budget 2007: Efficiency at all-time high |
| BS Reporter / New Delhi February 28, 2007 |
| The railway minister, Lalu Prasad, presented impressive revenue and profit numbers, along with traffic growth, for 2006-07, in Parliament today. But he failed to match that stellar performance with his relatively modest revenue growth targets for the next financial year. The focus of the Budget was more on freight reductions in the 5-6 per cent range for key items like petroleum and iron ore, amidst talk of fighting inflation. There were also mostly token reductions in passenger fares, especially for air-conditioned travel. The financial highlight, shouted out by the minister with evident glee, was a cash profit of over Rs 20,000 crore this year |
