Rail Budget 2013: Plan to borrow Rs 151bn from mkts
India's railway will borrow Rs 151.03 billion ($2.80 billion) from markets for the financial year 2013/2014, the railway minister said on Tuesday as he presented his ministry's budget to parliament.
India's railway network is the world's fourth-largest but it has suffered from years of low investment and political meddling. The result is a creaking system plagued by delays, overcrowding and slow freight delivery times that sap the competitiveness of Asia's third-largest economy.
Image: Railway Minister Pawan Kumar Bansal.
Photographs: Courtesy, PIB