Blog Entry# 2095058
Posted: Dec 18 2016 (11:55)
Last Response: Dec 18 2016 (11:55)
Commentary/Human InterestDec 18 2016 (11:22) Comprehensive strategy to deal with railways’ concerns
rdb*^ 128440 news posts
Railways is working out a comprehensive strategy to deal with its immediate concerns like customer satisfaction, perking up loadings and infrastructure development like station redevelopment.
“Railways needs structural changes, that is reform. It is suffering because of lack of investment so you need investments. But our immediate concern is customer satisfaction, punctuality, freight,” Railway Minister Suresh Prabhu said at the FICCI conference.
Referring to the reforms being undertaken in railways, Prabhu said the conference’s theme is sustaining high growth.
Dec 18 2016 (11:55)
For Better Managed Indian Railways~ 1933 blog posts
Indian Railways did suffer from the lack of investment since independence resulting in losing of Market share and there is no doubt about it.
One more fact is equally or even more relevant- that most of the investment made by IR was done without proper financial justification resulting in huge losses, very poor return on the investment which in turn resulted in poor revenue generation/operational surplus which in turn resulted in even lesser investment. This becomes a vicious circle leading to chronic shortage of internal generation of funds leading to grossly inadequate capacity augmentation. In this scenario, even if huge investment were made in past by taking loans, IR would have gone bankrupt due to inability to repay the loans. Many time...
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