Home > Business > Budget 2004-05 > Report

Budget pro-poor, pro-rich: Lalu

July 06, 2004 15:29 IST

Describing it as pro-people, Railway Minister Lalu Prasad on Tuesday said his maiden Budget was aimed at making Railways self-sufficient without imposing any additional burden on the common man.

"The Railway Budget is pro-poor, pro-middle class, pro-rich and pro-business class without imposing any tax," he told reporters in New Delhi.
 
Accusing the previous Bharatiya Janata Party-led coalition government of neglecting Railways, he said several measures had been taken in this budget to generate additional resources to modernise Railways and to increase the safety and security of passengers.

Prasad said the government had laid more emphasis on increasing freight traffic to generate revenue.

Past experience had shown that this traffic went to roadways because of increase in rail rates, he said.

Asked how he was going to finance new projects, he said paucity of funds should not hamper modernisation and the ministry was ready to borrow from the market.

He said the government had decided to directly fill 8,000 vacancies in RPF replacing the old system of recruitment through Commission to meet the immediate need of providing security to passengers.


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


Rail Budget: Laloo meets FM



People Who Read This Also Read


Is GM mustard harmful?

Realtors' day out

Right time to enter the bourses?








© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.


Budget 2004-05: The Complete Coverage | Rail Budget 2004-05




Share your comments


 What do you think about the story?




Read what others have to say:


Number of User Comments: 11




Sub: Laloo's Rail

It is appreciable that Mr.Lalooji has submitted his maiden rail budget. Thanks for not giving any additional burden on the poor, middle and rich class ...


Posted by P.ALEXANDER PUSHPARAJ





Sub: Railway budget

Does that idiotic Lalu know what it is that he is currently handling?


Posted by Dr Darshan





Sub: good idea

hello , This is the messages to u all it is good idea but how can is they are getting the jobs really .But it ...


Posted by shiva santosh





Sub: Khadi,Khallad,good idea to generate employment

Lalooji has taken a bold and intelligent step regarding khadi as a official usage.The swadeshi BJP is really not swadeshi as it was appearent in ...


Posted by manjunath javagal





Sub: laloos budget

This is a fitting reply to all those who have been making fun of laloo and his capabilities. All the tainted lot has been trying ...


Posted by kiranchandra




Disclaimer







Copyright © 2004 rediff.com India Limited. All Rights Reserved.