It looks as though for many of
the proposals in the railway budget, requiring heavy outlay of resources, the reliance
is on FDI and PPP investment. There is no guarantee for ready flow of resources
from these sources unless their concerns regarding accountability, profitability
and corruption free dealings are
answered through concrete measures. The problems facing Indian railway are
serious in nature and requires urgent attention and waiting for FDI and PPP
resources doesn’t seems to be an intelligent economic decision. The budget is not only silent on these aspects but also on the completion of
the pending projects which would help in
creating a better base for further development .As long as political
considerations out weigh economic considerations in framing budget proposals
the Indian railway can not be converted into a viable sector.
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