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"In a historic decision, we have decided that the Kolkata-Dhaka train service would begin from the Bengali New Year (April 14)," Railway Minister Lalu Prasad said replying to a debate on the Railway Budget 2008-09 which was passed by the Lok Sabha.
Hitting out at the previous NDA government for poor performance of the railways and inability to pay even Rs 2473 crores dividend, Prasad said when the UPA government completes its term next year the Railways would have a total surplus of about Rs 1,00,000 crore. It has already generated a surplus of Rs 69,000 crore in the past four years.
"We are not dependent any more on the Finance Ministry or the government for money as we have our own resources" Prasad said winding up a marathon debate.
He said Indian Railways which has reached number three position in the world would aspire to occupy the number one slot in the near future.
The minister said tendering process for the ambitious Dedicated Freight Corridors (DFCs) is over and the work on the projects would begin soon.
Prasad said resources for the projects was no more an issue. "Irrespective of funding from foreign institutions, Railways has decided to go ahead with the East and West DFCs," he said.
LET US SEND LALU TO BIHAR AND LET HIM REPEAT THE RAILWAY MIRACLE IN BIHAR SO THAT BIHARIS STOP GOING TO OTHER STATES TO FIND BREAD
This will be yet another mother of all Scams. This man has mastered the art of fooling people that no body will realize it until he leaves Railways! (So called) huge profits don't mean anything unless the quality of services improve drastically!
Kolkatta-Daka direct will link and promote terrorism from Bangla desh which is already prevalent in medium scale. Lalu must be careful and not cross the line in over enthusiasm!
Laloo has made all trains renamed as superfast trains but the speed remains the same and the vibrations of the dirty horrible compartments have increased. The food supplied on the train is so bad and passengers have to worry about rats and cocroches in the compartments.
Hail Laloo !!He has done a great job and deserves to become next PM, replacing MMS immediately.Just imagine how much he can do for the country, going by the track record of what he has done for Railways. (But, do not ask what he had done for Bihar, that's past and let's forget the past misdeeds).Wish him all the best !!
I am really concern about the Railway budget and surplus funds in railway. It seems to me major scandal and he might be reading debit as credit and annoncing profits instead of losses of that amount.
I dislike Laloo...but he is a effective manager.He won when everyone failed...looks like it's herd behaviour
piece of crap, this guy is just fooling everybody. Indian railways is worst than ever. If he has so much surplus then he should clean up the mess first, it won't cost 100000 crore to put decent toilets and clean stations. this guy is a charlatan.
Such tall and misleading claims are being made by Sh Lallu Prasad then why Railways are not laying at least 2500 Kms of new Lines every year?
Who are you kidding? the wafflers and fluffers?Like an expert schamstar, you are upto fiddling the books and performing the Indian Rope trick.Even Ali Baba does not believe you.
They have sold prime railway land and rented some in big cities, that is how there is a huge surplus.
Thnaks! one excuse. In what places these lands were sold? But I think Indian Rlwys may also be minting money (I mean real minting): else how come so much profit
I know he is saving money and generating funds further but I have to criticize Laloo. Yes, what he is doing wrong. Let me see how. Why can't he run more trains to Ayodah? Even if he spends many years in the Rlwys the money generated is NOT by his leadership. It is beacuse of our IAS officers. But do not ask me why these IAS officers did not generate money since Independence. That's because, I am in search of excuses. I don't know but laoo is useless!!! that's it
Laloo is showing his color now. Why cannot he utilize this money in plans for future.
How did Laloo make such a big profit for the Railways in such short time? He made a huge profit of 25000 crore in four years. And now he predicts, 100000 Crore , after this all he is asking money to the Finance Minister funds for the development of the railway.When Nitish Kumar was railway minister he never claimed to make so much but he did a good job and was close to making profits. Laloo is enjoying the fruits today. Nitish managed to give his divisional share profit back to the government. Now that Laloo is making so much profits, why does he want more money? Can he clear all the old debts of the railways with the government? During Nitish time there was a cess charged of 1RS to the Railway Security Force fund, where is it? Sources say almost 71000 crores was collected.Now hos does Laloo show these profits? The railways like many big manufacturing companies keeps 33% of its income for maintenance and repairs. At least this happened till Laloo took over. Laloo simply reduced this to 12% and started showing profits.If he was such a big management guru....why didn't it work in Bihar?
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