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Rail Budget: Need to Hasten Up Work on Freight Lines

  • The Railway Budget 2012-13 should consider speedy execution of the projects announced in last couple of years. The Budget should focus more on adding to the rail infrastructure. Work on the dedicated freight lines should be accelerated to avoid congestion on the operative routes. Railway's share in the freight segment is sliding and should be addressed immediately. Also, there is an urgent requirement for capacity augmentation in rakes, wagons and racks and it should be substantially increased to cater to the increasing demand. There is a need for better designed wagons and rakes. Railway has to be more receptive to the ideas of the industry so as to encourage the industry to invest in PPP model. The Budget should also focus on modernization of rail network which include automation of signaling system, strengthening of track and procurement of modern rolling stock.

  • Also, some kind of duty rationalization should be done in rail freight charges to give a boost to this industry.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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