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Rail Budget: Less populist, more pragmatic but execution holds the key

Just announced Railway Budget seems to have come as a relief to corporate sector, as it seems to be talking the industry language, is business-friendly and lays emphasis on leveraging digital medium.

twitter-logoE Kumar Sharma | February 25, 2016 | Updated 17:04 IST
Rail Budget 2016: Less populist, more pragmatic
Just announced Railway Budget seems to have come as a relief to corporate sector, as it seems to be talking the industry language, is business-friendly and lays emphasis on leveraging digital medium. (Photo: Reuters)

E Kumar Sharma, Associate Editor, Business Today
Just announced Railway Budget 2016 seems to have come as a relief to the corporate sector, as it seems to be talking the industry language, is business-friendly and lays more emphasis on leveraging the digital medium.

Talking to Business Today,  Suresh Rayudu Chitturi, Chairman of the Andhra Chapter of the Confederation of Indian Industry (CII) and the Vice Chairman and Managing Director of Srinivasa Hatcheries Group, says he is happy to see a budget that is "less populist and more pragmatic".

HIGHLIGHTS:Rail Budget 2016

It seems to be trying to address some specifics that are essential for the health of the railways and for the betterment of the passengers, Chitturi adds.

"It is trying to fix what is essential and does not fall back on the option to hike in freight charges...There are pockets of good measures in the Rail Budget but how it will be executed needs to be seen," he says.

WATCH VIDEO:Suresh Prabhu presents Rail Budget 2016

For many in the corporate world the Railway Budget is not of much interest, neither for travel nor for concessions.

For instance, one player from the infrastructure sector pointed out that it did not directly impact them. He explained that those who are in the business of power generation for them the freight charges would be important as it could impact the cost of transportation of coal but then, even there, he said, these costs are usually a pass through to the consumers , the state electricity boards.   

 

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