Suresh Prabhu: Rail Budget 2016 based on nation’s needs

Railway minister Suresh Prabhu today presented his second budget in the Lok Sabha and said it was completely based on the nation's needs. The budget promises rationalising of the tariff structure by undertaking a review to evolve competitive rates vis-a-vis other modes of transport and to expand the freight basket as a means of additional revenue mobilisation.

Further, the Railway Budget for 2016-17 spared passengers and goods movement from any increase in tariffs and instead announced introduction of three new superfast trains and creation of dedicated north-south, east-west and east coast freight corridors by 2019.