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Rediff.com  » Business » Rail Budget 2013: Plan to borrow Rs 151bn from mkts

Rail Budget 2013: Plan to borrow Rs 151bn from mkts

Last updated on: February 26, 2013 13:29 IST

Rail Budget 2013: Plan to borrow Rs 151bn from mkts

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Arup Roychoudhury in New Delhi

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
Tags: India , Asia

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