Restructure, reorganize and rejuvenate are 3Rs of Railway Budget, says Suresh Prabhu

While presenting his second Rail Budget in Parliament, Union Railways Minister Suresh Prabhu on Thursday said the Budgets reflects the aspirations of aam aadmi. Outlining his strategy, Prabhu said the three pillars of the Budget are restructure, reorganize and rejuvenate (3Rs).

Addressing the Lok Sabha, Prabhu said, "This is not my Budget. This Budget reflects aspirations of people of India."

Highlighting the vision of the government while announcing the Budget, Prabhu said that this Budget will be a journey of transformation and journey of a nation. "My vision is to make railways backbone of India's progress and economic development. We need to reorganise and rejuvenate the Indian Railways. This Budget is a result of creative partnership of all stakeholders."

Narrating that the government needs a new structure for the Railways, Prabhu said, "These are challenging times due to global economic slowdown. We will exploit new sources of revenue. We will improve our efficiency. We expect 92 per cent operating ratio for FY 2016-17."

Prabhu also quoted from famous poet Harivansh Rai Bachachan's 'Nav Varsh' and said, "'Nav varsh/Nav tarang/Jeevan ka nav prasang, Naval chah/Naval raah/Jeevan ka nav pravah'."