Indian Railways makes daily losses of Rs 900 crore per day?
So, how can it even improve any services when it doesn't even have the money to even maintain services? UPA let it rundown completely to the ground.
Unfortunate part is that Indians are used to subsidy and loss making government enterprises - a soviet concept. Do you think that privatization will solve that because private companies will be able to make losses every day and still provide services?
I think that government should allow private companies to run their own freight and passenger trains in addition to the government trains. Let consumers decide which company they prefer for transporting goods and people. Look what it has done to airport transport and the same can be done in Railways too.
Re: How do you run a loss making enterprise?
by samuel anthony on Jun 24, 2014 12:19 AM
please check your figures.. or go through Indian gvernment psu report on link http://www.oecd.org/daf/ca/corporategovernanceofstate-ownedenterprises/42095406.pdf
I do not think our daily passanger trains are that bad and it needs to get restructured.Modi should understand this. Mumbai has no bus route, Kolkata and west Bengal will be badly hit. Chennai suburban trains will also see anger in people. Because people travel in school, colleges, offices in suburban train. Even our distrant trains are not bad. We have minimum need in train, priority is safety, second water and food, and electricity connection. Even distant trains are at minimum risk today, I did not think it is necessary to raise nearly 15 per cent hike. Seeing hike in train, most commodity price will also go up.
