India unveils 5-year plan for modernisation of railways, no fare hike

India’s Railway Minister Suresh Prabhu has unveiled a multi-pronged plan for the transformation and modernisation of the Indian railways, the backbone of the nation’s economy.

“Over the next five years, the Railway has to go through a transformation,” Mr Prabbhu said. The chartered accountant-turned-politician underlined his key four goals as cleanliness, safety, modernization of infrastructure and making the railways financially self-sustainable. “We have to make Indian Railways a benchmark organisation in safety, security and infrastructure.”

“There will be no hike in railway passenger fares. We will focus on improving passenger amenities,” the minister said.

Here are some highlights of Railway Minister Suresh Prabhu’s rail budget speech, the first rail budget presented by the BJP-led NDA government.

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