fifty years ago February 20, 1969| Archives

Surplus railway budget

The Railways have for the first time in the last four years come out with a surplus budget and that too without resort to increase in passenger fares and freights. Presenting the budget to the Lok Sabha [February 19, New Delhi], the new Minister of Railways, Dr. Ram Subhag Singh, estimated a small surplus of Rs. 1.91 crores in 1969/70 after fully discharging the Railways’ dividend liability, to the general revenues at Rs. 159 crores, the highest so far. The Railway Minister said that the Railways expected to lift about nine million tonnes of additional revenue earning traffic and carry an extra three per cent of passenger traffic in the coming year.

Related Topics
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Aug 10, 2020 8:44:48 AM | https://www.thehindu.com/archives/from-the-archives-feb-20-1969-surplus-railway-budget/article26314178.ece

Next Story