Railway Budget 2016-17
Keeping in view the various odds; revenue growth in 2015-16 below the target and set up of the 7th Pay Committee burden looming large, Railway Budget 2016-17, is an attempt to put the Railways back on track, with focus on long term measures.Though there is no clarity with regards to projected generation of additional non tariff revenue, fortunately there are no negatives and populist measure in the Budget.
As the long term and mid term which was put in place in his last budget, are kept intact, its quite challenging for the Railway Minister to come out with a reasonably good budget.Focus on Rail connectivity in the North East Region is reiterated, which would be welcomed by the people of the Region. Announcement of 44 new projects increased outlays for improving the Infrastructure augur well not only for the Railways but also for the Indian Economy as well.
While the Railway Budget 2016-17 is a good on intent, challenges lies ahead in its implementation.