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Calling the railways an engine of development, Prime Minister Narendra Modi said the railway budget unveiled Tuesday had its focus on transparency and passenger safety.
The Rs 1,49,176-crore budget presented in the Lok Sabha focussed on "transparency and integrity" as well as the safety needs of commuters, Modi said in remarks later.
The budget "keeps in mind the development of India. We can see the great use of technology also", he said.
Read full text of Narendra Modi's speech
"This budget shows where we want to take the railways and at the same time where we want to take India through the railways," the prime minister said.
The budget introduces the country's first bullet train, to ply between Mumbai and Ahmedabad, and increase the speed of passenger trains up to 200 km an hour on select routes.
The budget "strengthens institutionalized mechanism" in the Indian Railway network, which carries 23 million passengers every day.
Modi said the railways play "a very important role" in the country's development.
He said the country should have paid more attention to railways after independence in 1947. "Better late than never."
In a series of tweets, Modi said, "Rail Budget shows the important role of Railways in India's development journey."
Congratulations to the Railway Minister for presenting a futuristic & growth oriented budget. It is a budget for the common people.
— Narendra Modi (@narendramodi) July 8, 2014
Rail Budget aspires for better service, speed & safety. It is an effort to create a modern Railways contributing towards a developed India.
— Narendra Modi (@narendramodi) July 8, 2014He said the Budget keeps in mind the development of India.
"This Budget shows where we want to take the railways and at the same time where we want to take India through the railways," Modi said, adding, "We can see the great use of technology also."
