Railway Minister- Mr Suresh Prabhu- announced the much-awaited railway budget of 2015 this afternoon. The budget was aligned to some of the important projects of PM Modi like the Swachcha Bharat Mission, Make in India and the Digital India campaign. The government has decided to rope in the private sector to assist in infrastructure development and the last mile connectivity. Budget 2015 focuses on revival of the rather poorly-managed processes, systems and practices of Indian Railway.
In case you missed the budget presentation, here is a quick recap of all major announcements:
No Hike in Fare for Passengers- The most important part of the budget was that it spared the passengers from paying an increased amount as fare. This reflects the government’s objective to be in the best interests of the population in general. [Read more…]