Indian Railways posts record $6.3billion surplus
NEW DELHI, Feb 26: State-run Indian Railways, few years back on track for bankruptcy, posted a record $6.3-billion surplus on Tuesday feb 26, 2008 when Railway budget was announced. It also included new lines and cut fares on first class and new trains and routes were also anounced.
“The world today acknowledges I've done a tremendous job,†said the Union Railways Minister Lalu Prasad Yadav, presenting his fifth railway budget since the Congress-led coalition government took office in 2004. The railway budget for the fiscal year to March 2009 is seen as a harbinger of the national budget, which comes on Friday and is the last expected to be presented before the next general elections due within 12 to 15 months.
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