With railways left with a revenue surplus of a paltry Rs 75 lakh during 2009-10, the CAG report suggested cutting of expenditure and increase earning. "Railways needs to consider rationalization of freight and passenger tariffs through some form of pre-determined non discretionary inflation indexing," it says, arguing to cut heavy cross-subsidization from freight to passenger service which ranged between 16-26% during 2004-05 to 2008-09. Mr. Lalu was invited to address for his excellent management competency and caliber in the World's top most business schools . Why he left the Rlys high a
Next budget will see hike in freight and passenger tariffs if Railways are to perform better . Cutting of expenditure is one way but hardly any govt company does it judiciously . Lalu just painted a good picture of Railways but it was all hollow from within . How can we expect any thing good from leader like Lalu ?
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There is a proverb in Kannada which reads as :"Bakasurana Hottege Moorukasina Majjige" that means A penni's buttermilk for the stomach of a monster like Bakasura.that is what a paltry rs.75 lakh surplus for an entire Indian Railways sounds like.CAG is right in its recommendation to increase the freight and passenger tariffs and at the same time the seepage must be managed by introducing some stringent measures,and so to that extent the burden on passengers tariff be reduced.Whatever the increase ultimately it will be an additional burden on the public.