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Home > Business > PTI > Report

After IIM, Harvard students to get a taste of Lalu

December 21, 2006 15:29 IST
Last Updated: December 21, 2006 18:33 IST

After giving management tips at the Indian Institute of Management, Ahmedabad and Bangalore, Railway Minister Lalu Prasad will share the reasons behind the turnaround of the Indian  Railways with a group of students from Harvard and Wharton.

"A group of 137 students -- 100 from Harvard Business School and rest from Wharton -- is coming to New Delhi for a lecture by Prasad on December 27. The minister will be sharing his thoughts with these students in a day long session at Rail Bhawan," a Railway Ministry source said.

Prasad is credited with the financial engineering of the turnaround of the loss-making Indian Railways, which earned a revenue surplus of Rs 13,000 crore (Rs 130 billion) by March 31, 2006.

IIM-Ahmedabad had invited Prasad to deliver a lecture on management to the students of the premier business school. US corporate house General Electric's chief Jeffrey R. Immelt also came to India to study the phenomenal success of the Railways.

Management experts from Germany, Japan and France followed him. They all wanted to know the reason behind the Railways' success within a short span of 30 months.

Prasad says it was achieved by raising volume and through capacity enhancement. He once remarked that a cow would fall sick if it wasn't milked, suggesting the fuller utilisation of the Railways' capacity would yield financial benefits.

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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Number of User Comments: 13

Sub: Isnt it time we stopped this

This would have been hilarious (like all else to do with Laloo), except that it is a lie. Laloo is incapable of turning around his ...

Posted by Joe Manavalan

Sub: Let the facts be told.

The fact is, YoY revenue growths for the last three financial years (financial year 2003-4 vs. financial year 2002-3 compared to financial year 2004-5 vs. ...

Posted by Deepak Mohanty

Sub: Corruption Unabated!

Great Going! Now I can really beleive that we're in Kalyuga!

Posted by prabal

Sub: indian railways

It is surprising that Indian railways is making phenomenal profits, DESPITE Lalu!??? Does it mean that people were overeating before this or the books are ...

Posted by Gautham Kulamarva

Sub: Arranged Hype

Lalu prasad is getting these guys in this organized and arranged hype. btw, who is bearing all these cost, Harvard? Who else will speak here? ...

Posted by harihar gangdhar bharat



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