Trivedi seeks more budget support for Railway safety

Says fare hike alone cannot generate funds

PTI | February 20, 2012



Railway minister Dinesh Trivedi said the huge funds required for implementing safety measures in railways cannot be generated by fare hike alone and the Centre must give a huge budgetary support for it.

"I am certainly concerned about safety. And, we require huge money for safety. I think the Railways have outlived its utility as of now. We have to rebuild the entire railway system in the country almost all over again. And, I must tell you, fare hike is a very small portion of it," Trivedi told newsmen on the sidelines of a function at the Howrah station on Sunday.

Asked whether his Ministry was mulling a fare hike through a safety cess, he said it was one of the suggestions of the Safety Committee.

"But we don't have to really take that suggestion. There are other ways like budgetary support, internal resource generation, PPP and external borrowing. I think a mix of all four things is usually done," he said.

Pointing out that fare hike alone could not generate Rs 14 lakh crore in 10 years or Rs 8 lakh crore in 5 years, he said a big amount has to come for budgetary support.

"The government of India can give Rs 19,000 crore to bail out Air India and what do we get in railways? Rs 20,000 crore for such a huge system. I think somewhere down the line the priority of the government has to change. Because Rail has no alternates. And, even if you want to have Food Security Bill successful, you cannot do without rail. Food cannot go by air," he said.

Trivedi said, however, if the Centre failed to help, he would have to look for resources himself. "I can't steal. I have to borrow, I have to beg. And, I am quite capable of augmenting resource, but I need support from all over. I need big support from the Finance Ministry and the Centre.

"I need overall support from everybody. Without total resource, it becomes difficult. And, if we only milk the Railways and don't plow back then I'm afraid it can go the Air India way too," he said.

Comments

 

Other News

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

India calls for doubling bilateral trade with UK by 2030

Commerce and industry minister Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. Addressing the Bu

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter