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February 26, 2001 | Feedback |
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Railway Budget: Simply populistThe Railway Minister seems to have followed a populist approach rather than addressing the current woes plaguing the Railways. Despite the significant rise in prices of diesel, petroleum and petro-products during this fiscal year, the Railway minister has opted for a nominal 3% increase in the rates of all commodities except for the essential commodities like vegetables, fruits, edible oils, grains, kerosene, LPG etc. There is also no hike in passenger fares. At the same time the dividend to be paid to the Government is lower by Rs 10 bn than the amount recommended by Railway Convention Committee. This will add to the existing woes of burgeoning fiscal deficit. Key features of Railway Budget FY (2001-02)
ALSO READ: The Rediff-Dun & Bradstreet Budget Impact Analysis
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