Tag Archives: Passenger-Friendly

Suresh Prabhu’s Passenger-Friendly Rail Budget Fails to Cheer Markets

Suresh Prabhu’s promise of achieving the best financial performance in nine years did not materialize The railways is expected to suffer a loss of Rs. 30,000 crore this year for subsidizing passenger fares, yet Railway Minister Suresh Prabhu kept ticket fares unchanged. The railways will also launch 44 new projects this year (valued at over Rs. 92,000 crore) in a ... Read More »