{"id":282152,"date":"2011-02-25T15:53:31","date_gmt":"2011-02-25T15:53:31","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/25\/india-in-populist-railway-budget\/"},"modified":"2011-02-25T15:53:31","modified_gmt":"2011-02-25T15:53:31","slug":"india-in-populist-railway-budget","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/25\/india-in-populist-railway-budget\/","title":{"rendered":"India in populist railway budget"},"content":{"rendered":"<p><div readability=\"60.0812903226\">\n        \t\t  <span><br \/>\n    <span>25 February 2011<\/span><br \/>\n<span>Last updated at <\/span><span>10:53 ET<\/span><br \/>\n<\/span><\/p>\n<p>Indian railway minister Mamata Banerjee has unveiled a national freeze on passenger fares and freight fees in her new annual budget.<\/p>\n<p>The move comes ahead of state elections in which her Trinamool Congress party &#8211; a junior coalition partner in Delhi &#8211; hopes to win control of West Bengal.<\/p>\n<p>The railway budget is seen as a good indicator of the national budget due next week.<\/p>\n<p>The minister also announced $12.7bn (\u00a37.9bn) of new investment.<\/p>\n<p>The spending will be funded mainly by government grants and borrowing, and will build 1,300km of new track and 18,000 new carriages.<\/p>\n<p>  <span>&#8216;Social responsibility&#8217;<\/span><\/p>\n<p><a href=\"http:\/\/www.indianrailways.gov.in\/railwayboard\/view_section.jsp?id=0,1,304,366,539\">The 2011-12 railways budget<\/a> also listed 85 privately sponsored investment projects, attracting $337m in private sector funding.<\/p>\n<p>&#8220;We have attempted to combine a strong economic focus&#8230; with a human face,&#8221; said Ms Banerjee, who presented the budget in parliament.<\/p>\n<p>&#8220;We have taken a two point approach &#8211; on the one hand by sustainable, efficient and rapidly growing Indian railways, and on the other by an acute sense of social responsibility towards the common people of this nation.&#8221;<\/p>\n<p>The government is expected to unveil a national budget next week that includes major new spending commitments.<\/p>\n<p>It comes amid voter anger over rising inflation and a series of corruption scandals.<\/p>\n<\/p><\/div>\n<\/p>\n<p>Excerpt from:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12580621\" title=\"India in populist railway budget\" rel=\"noopener noreferrer\">India in populist railway budget<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 25 February 2011 Last updated at 10:53 ET Indian railway minister Mamata Banerjee has unveiled a national freeze on passenger fares and freight fees in her new annual budget. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-282152","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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