Business Daily from THE HINDU group of publications
Wednesday, Sep 06, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Opinion - Letters
Railways' turnaround

This is with reference to "IIM-A awaits Lalu's turnaround story" (Business Line, August 31): In its over 150-year history the Indian Railways has never been in the red. Moreover, from 1993 to 1995 it had the lowest operating ratio of 82.3 per cent.

Undoubtedly, earnings in 2005-06 are a record, contributed mainly by two factors. First, legalising overloading of wagons, for which now the Railways can claim higher payments. And second, the general increase in economic activity, which could easily account for 70 per cent of the increased earnings.

No doubt, Mr Lalu Prasad had rightly brought in an officer on special duty who took pains to study the overall working of the system and push through reforms and vital changes long overdue.

Yet there are miles to go before this behemoth becomes effective in providing transportation at the lowest possible unit cost, and gains higher market share.

R. C. Acharya

Former Member (Mechanical), Railway Board

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

More Stories on : Letters | Railways

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
All about our neighbours


Priming the private sector
A tale of two rates of growth
RBI review of economy — Revitalising farm sector is the key
`A fuller blast ne'er shook our battlements'
Hasten slowly
Optimising the supply chain
Railways' turnaround
Quality education


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line