Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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IndiaInfoline arrow Budget arrow Industry Expectations

Railways needs to make significant investments: Bombardier 

India Infoline News Service / 01:10 PM , Feb 23, 2010

HTML clipboardPPP / JV Projects :

  • In view of high recognition of Railways to look at private partnership for critical project development, the Public-Private business model should facilitate a win-win situation for both partners. An ideal situation could be that the two sides synergize on mutual strengths in which "technology and management" is from the Private Sector & "operations and social infrastructure development" is from Railways.

  • It is expected that the "Terms & Conditions" of the Electric & Diesel Locomotive Plant at Madhepura & Marhowra would be reviewed to bring them in line with the Global practices. This will facilitate active participation from Global players.

Technology Upgradion :

  • Indian Railways need to make significant investments to focus on technological up-gradations on initiatives such as:

a) Rolling Stock :

  • Suburban EMU’s for Mumbai, Kolkata, Chennai & other metro cities need to be technologically upgraded with state of the art Propulsion systems which are energy efficient. The need is not only for technology up-gradation but for quantity enhancement since the current stock is of a very high age profile.
  • Upgrading the existing traction system with newer devices and technologies to address obsolescence.

b) Signaling Area:

  • Automatic Block Signaling: This would immensely increase the line capacity without going in for any additional third line and also enhance the safety.
  • TPWS (Train Protection & Warning System): TPWS provides following functionalities as "Automatic braking" in case of train passing the Red Signal, Continuous supervision of train speed and automatic braking in case of speed exceeds the allowed limit. This will prevent accidents.
  • Train Management System (TMS): TMS provides benefits as Centralised display of train running in the Control Room, Passenger Information and Display System, Management Information Systems (train punctualities, fleet management etc.) and improves decision making for traffic controllers, specially in situation of crisis.
  • Increasing competitiveness of Railways with Road transportation (for freight movement) and with low cost airlines (for passenger movement for short distance connectivity).
  • For the former, the execution of the DFC should be on a fast track and for the latter segment, High Speed Train corridors should get into an implementation mode.

Improve Interface between Indian Railways & Suppliers :

  • There is a need for a formal mechanism for Railways and suppliers to facilitate regular interaction focused on simplification of procedures to support rapid project execution. Various impediments which occur during order execution need to be removed. Matters related to policy & strategy should be jointly evolved with industry on a transparent basis.

A proactive approach will significantly improve rail operations.

Mr. Rajeev Jyoti, President & Managing Director, Chief Country Representative, Bombardier Transportation India

Janta's Expectations

Posted By: Vishal Mumbai   |  Mar 08, 2010 09:22 PM
No Doubt we have benefited much from new IT slabs....but believe me its gonna being shelled out from our [pockets thru different route....
Posted By: KAUSHIK GUIN KOLKATA   |  Mar 03, 2010 01:20 PM
SENSEX WILL TOUCH 20000
Posted By: k.mohan secunderabad   |  Feb 27, 2010 06:03 PM
Banking cannot be open to private sector. We have not learned from U.S. melt down. In A.P.alone , many private banks closed..........Charminar Bank...The great Global Trust Bank....to name a few.......the middle class lost money......kindly understand.......many middle class people commited suicide after the banks collepsed.....i am afraid history may repeat....
Posted By: Nitin sharma Mumbai   |  Feb 27, 2010 05:30 PM
No expectation from Congress. It is history repeating itself. They have always worked in the interest of Rich and elite group. Now the price of property will increase in another 3 years business will make huge profits. So if you want to have your share invest in share market in companies who will make huge profits and you will get your share of dividend and high stock price.
Posted By: Ritesh chennai   |  Feb 26, 2010 10:44 AM
please increase exemption limit for income tax.
Posted By: Suman Baroda   |  Feb 26, 2010 09:51 AM
Reduce service tax to 5% & remove VAT.
Posted By: stileslesl stileslesl   |  Feb 26, 2010 07:42 AM
relatively policymakers heat northern simulations radiative levels
Posted By: Uma MageshWaran Chennai   |  Feb 26, 2010 05:56 AM
basically disagree with the fundamental premise that there should be accelerated withdrawal of the stimulus. Things are still very uncertain at the global level. So, I think the withdrawal should be gradual. The big problem really is the financing of the budget. The bond market, in fact, is very concerned about the liquidity situation. From what the RBI has said the net government borrowing this year will be the same as last year, and the gross borrowings because of the redemptions will be much larger this year. The market simply cannot take that amount (necessitated by the existing fiscal deficit) of bond issuance and we don’t have formats like open market operations. So the financing of the budget might sort of force the government to take certain decisions that perhaps are not necessarily the best for the economy. I would rather that they went in for a very gradual withdrawal of stimulus, and get the RBI to help in financing. I think this is a strategy that a lot of central banks are still committed to. Like in the US, where they had initially said that they would withdraw the monetization programme, they have kept the options open. Bank of England is doing the same thing. I don’t think we should fall into the trap of decoupling our policies from the G7 world and rebonding with a sort of emerged market strategy. Gud Luck to Finance Minister...
Posted By: Uma MageshWaran Chennai   |  Feb 26, 2010 05:53 AM
>VAT should be increase to gain more Tax Revenues, >Continuing Stimulus for Sectors like Textiles, exports etc, >Keen on Double Digit Inflation by Increasing key rates to control Money Supply, >The 5.5 per cent fiscal deficit will essentially be through disinvestment, >More & more Funds to Agricultural and Irrigation sectors, >No more income Tax changes, I>ncrease in Corporate Tax in Profitable Sectors to curb revenue Deficit,
Posted By: mehul surat   |  Feb 25, 2010 02:30 PM
budget must be people friendly the main focus should be on taxes as inflation is at life time high there must be some releif to common man and taxes should not be burden to the pocket of citizens. Long term capital gains should be abolished there must be some hope to the investors as they have seem some of the worst times in their lives.