Railway Budget 2016-17: Reactions to Suresh Prabhu’s second budgethttps://indianexpress.com/article/business/budget/railway-budget-suresh-prabhu-reactions/

Railway Budget 2016-17: Reactions to Suresh Prabhu’s second budget

Unlike last year, Prabhu did not propose a hike in passengers fares or freight rates, and introduced three new superfast trains.

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Unlike last year, Prabhu did not propose a hike in passengers fares or freight rates, and introduced three new superfast trains.

Railway Minister Suresh Prabhu on Thursday presented his second railway budget in the Parliament. Unlike last year, Prabhu did not propose a hike in passengers fares or freight rates, and introduced three new superfast trains. Prabhu also announced a slew of measures on improving train-travel such as on-demand cleaning of compartments, bio-vacuum toilets and WI-FI at railways stations.

Watch Video | Railway Budget 2016: Here’s What Suresh Prabhu Announced For The Passengers

“This Rail Budget is for the common people,” said Prabhu after announcing the budget.

READ | Bio toilets, senior citizen and women quota – some key announcements by Prabhu

Here are the reactions to Railway Budget 2016-17:

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# Budget kahan aaya? Budget hota hai ‘statement of vision’, When we read the fine print then we will come to know what is the failure report: Former railway minister Dinesh Trivedi.

# Railway patri say utar gaya. Ek life line tha. Bullet train nai chahiye desh ko, ye videshion ka nigah hai: Former railway minister Laloo Yadav.

# Certainly this Railway Budget will give a good result in the future: Former railway minister Sadananda Gowda.

# I don’t want to criticize budgets of earlier Govts, but in this budget investment has seen 2 1/2 time jump: Prime Minister Narendra Modi.

# It was a visionary budget, many steps laid out which will improve infrastructure: Rajnath Singh

# We all were a bit mystified whether a budget was really presented or not: Congress MP Shashi Tharoor.

# It was overall a very good budget, will give this Railway Budget 9 out of 10 marks: Minister Prakash Javadekar.

# Mukesh Butani, Managing Partner, BMR Legal: Proposal to develop a new freight tariff structure to evolve a competitive rate structure shall help railways regain market share vis-à-vis other transportation modes, particularly roads. Proposal of generating 10 to 20 percent revenues from non-tariff sources predominantly through asset monetization is a significant leap in revenue mobilization endeavors. On the cost side, the proposed operating ratio at 92 percent for FY ’17, is fairly reasonable target after all, in a year without fare hike and indispensable increase in variable costs.