The rail budget has been to my expectations. Reduction in fares accross the board, looking at the popularity desired for the elections next year. The reduction in rates are of course welcome. These will balance some cost pressures due to the increase in fuel costs.
What is amazing and creditable is that Laloo has been able to provide these rate cuts and post a big surplus as well. There is no doubt that he has turned around the performance of Indian railways. It is not without reason that major management institutes are eager to analyse this turn around in terms of a case study. Laloo has also been invited by these institutes to share his tips.
Tips.. really:
Catch the bull by the horn, not the tail
If you don't milk the cow it will fall sick
Such ideas have tremendous potential as he has demonstrated. The problems of the sick Indian railways have been met head on. He has increased capacity utilisation by innovative means. Hats off to Lalu.
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