Suresh Prabhu’s plans to put Indian Railways back on track not gaining speed

By   www.financialexpress.com

Armed with Rs 1,50,000 crore from Life Insurance Corporation (LIC) and lots of room to raise money through bonds, one was expecting Suresh Prabhu to ramp up the pace of capex.

After all, it’s the roads and railways sectors that are supposed to be driving expenditure to kickstart the economy. Going by the stagnant spends on core capex in the five months to August, however, the railway minister’s plans to put Indian Railways back on track don’t seem to have gathered speed just yet.

Check out the capex that’s done directly by Indian Railways – electrification, doubling, conversion of gauges and so on – and it hasn’t budged. More info

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