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News Entry# 70642  
Apr 26 2012 (6:42PM)  'Rly fiscal condition poor due to 6th pay panel, eco downturn' (ibnlive.in.com)

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News Entry# 70642     
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Posted by: Amita  3363 news posts  
New Delhi, Apr 26 (PTI) Attributing the poor financial condition of Railways to the Sixth Pay Commission and downturn in economy, Railway Minister Mukul Roy today sought adequate budgetary support for meeting objectives like efficiency and safety. A time-bound plan was underway to eliminate all unmanned railway crossings across the country, he said winding up a discussion in the Lok Sabha on the Demand for Grants for 2012-13 for his ministry. Roy said his endeavour would be to generate more revenue for Railways through advertising, use of vacant land and commercial utilisation of railway stations. The Lok Sabha then passed the Demands for Grants for Railways by voice vote. Rejecting a demand by members, Roy said he was not in favour of setting up Rail Tariff Regulatory Authority, a proposal mooted by his predecessor Dinesh Trivedi. Admitting the problem of overcrowding in suburban trains, Roy said steps are being taken...
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to strengthen suburban train service in Mumbai, Howrah, Sealdah and Chennai by providing more trains. Highlighting the importance of linking remote and tribal areas with rail network, he said though some routes are not financially viable, the Ministry is committed to provide rail link for the economic development of those areas. Seeking more funds, Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety. He said as a result of the implementation of 6th Pay Commission recommendations and economic downturn, the Railways was facing financial crunch.
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