Railway Minister Suresh Prabhu begins presenting India’s rail budget for 2016-17

New Delhi : Union Railway Minister Suresh Prabhu began presenting his ministry’s budget for the next fiscal year in the Lok Sabha on Thursday, promising to address the issues concerning all stakeholders — citizens, employees and industry, among others.

Railways Minister Suresh Prabhu said that the budget has been prepared keeping in view the aspirations of people. Presented every year, Railways Budget is the annual financial statement of the Indian Railways.

“These are challenging times,” Prabhu said in the opening remarks of his second rail budget speech, adding that the strategy will involve three pillars — exploring new avenues to raise revenues, improve efficiency and totally recast decision-making.

“Cooperation, collaboration and communication, are the hallmarks of Indian Railways’ journey forward,” the minister said. “We will be at the forefront of infrastructure investment in the country.”

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