EX-SERVICES LEAGUE
PATHANAPURAM TALUK
ANNUAL MEETING
Railway Minister Spells Out Five Point Execution Strategy
for Transforming Indian Railways
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The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the
Railway Budget 2015-16 in Parliament today has said that the goals of
transforming Indian Railways will be achieved with a five point execution
strategy. These are:
a) Adopting a medium-term
perspective:
Budget proposals to mark beginning
of a Five Year Action Plan to transform the Railways.
b) Building Partnerships:
This will require partnering with
key stakeholders: States, PSU’s, partner with multilateral and bi-lateral
organizations & other governments to gain access to long term financing
and technology from overseas, the private sector to improve last mile connectivity,
expand fleet of rolling stock and modernize our station infrastructure.
c) Leveraging additional
resources:
Indian Railways envisages
investment of Rs. 8.5 lakh crore in next five years to be mobilized from
multiple sources to cater to funding i.e multilateral development banks,
pension funds.
d) Revamping management
practices, systems, processes, and re-tooling of human resources:
· Targeted operating ratio for 2015-16 at 88.5% against
91.8%in 2014-15: best in the last 9 years.
· Indian Railways to speed up decision making, tighten
accountability, improve management information systems: training and
development of human resource.
e) To set standards for
Governance and Transparency
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GG/AD/DB
(Release ID :115927) |