The Union Railway Budget 2016-17 was unveiled by Mr. Suresh Prabhu, the Hon. Railway Minister in Lok Sabha on 25th February, 2016. In his words, "Every customer is our brand ambassador." Taking cue from it, we noted the views of young management students of IIM Raipur. Here is the take of budding managers on the Railway Budget:
Ms. Rucha Badhe, a 1st year management student, views are, “A visionary, consumer-centric and an all-encompassing budget by our astute Railway Minister that caters to the needs of the middle and the economically backward classes as well as to form and function- with the introduction of the 4 new trains, technologification of platforms, and introduction of bio-toilets. And all this in line with the Make in India initiative, boosting investments and employment."
He also announced the setting up of a full-fledged Railway University soon and the first auto hub in Chennai.”
The provisions for WiFi facilities, increased quota for senior citizens and women, CCTV surveillance, GPS-based digital display, cleaning of toilets by requests through SMS etc. will help in improving the railways scenario in India. The new infrastructural projects announced in the budget require huge funds giving a hard challenge to the government given there are no hikes in the passenger fares. In the budget, there are no announcements of any new trains. However, the government has promised to add the new trains after the review about the capacity is over. Overall, the budget aims to facilitate the general public via various passenger friendly initiatives.”