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  • : Railway Budget: You guessed it right!

    Railway Budget: You guessed it right!

    The Railway Minister Mr. Laloo Prasad Yadav presented the railway budget today. As usual, there have been new trains introduced, fares have been left unchanged and in an effort to do 'something', the Minister has marginally lowered the railway tariffs on kerosene and LPG. Whether this will benefit the masses remains to be seen!

    The move to keep fares unchanged is again an easy way to go about things, even when losses continue to mount. Significant modernisation initiatives have been proposed, though on the implementation side, lot is wanted.

    As far as the impact on the corporates is concerned, the reduction in LPG and kerosene tariffs will lower the cost of transportation for some oil companies (transportation costs are just around 3% of sales for oil marketing companies). By keeping the freight and tariff charges at the same level, the competitiveness of the road transportation remains intact. We expect roadways to continue to gain market share in the freight segment, barring bulk commodities like coal and iron ore. This has been the trend in the international markets.

    In totality, it is a status quo situation and there are no prizes for guessing it right!

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