Rail Services Must Be Paid For, Finance Minister Arun Jaitley Says, Ahead Of Budget

NEW DELHI: Weeks before he presents India’s first combined general and railway budget, Finance Minister Arun Jaitley today said rail commuters must pay for the service they receive even as he made a strong case for outsourcing of non-core functions like hospitality services.

He said year after year, the success of Railway Budget was measured by subsidising consumers and making populist announcements regarding trains.

“Railways got caught in a battle where populism prevailed over performance and the basic principle on which any commercial establishment is to be run, the first essential principle is that consumers must pay for the services that they receive,” he said.

Speaking at a conference on Accounting Reforms in Railways organised by CII, Mr Jaitley said unless the railways strengthen its performance and internal management system, they will lose out to competition from other sectors like highways and airlines in passenger and cargo transportation.

“The core competence of railways is really to drive trains, to provide those services. Hospitality may not be the core competence of the railways and therefore, what is not within its core competence, the principle of outsourcing — which is accepted world over — can be a logical addition to those activities of railways,” Mr Jaitley said.

Citing example of power and highway sectors which started doing well only after consumers paid for services they got, Mr Jaitley said world-over, only those services have succeeded where there is a financial model which says that consumers pay for what they receive.

” (But)We turned this whole theory upside down by a self imposed indiscipline that populism requires that I require that consumers not to pay for service that they receive. Therefore any establishment will start crumbling in its own weight and contradictions,” he said.

The government had in September scrapped the 92-year old practice of presenting a separate railway budget and decided to present a combined general and railway budget for 2017-18 on February 1, 2017.

Speaking at a conference on Accounting Reforms in Railways organised by CII, Mr Jaitley said that the shift towards accrual system of accounting from cash system will better reflect its performance.

“Your accounting systems really must reveal more instead of concealing the reality. What is the kind of investment in infrastructure that is coming in, what is the kind of investment in railway safety, what is the kind of outcome of outlay that you have planned, I think those accounts must really reflect the reality,” he said.

joe saunders called a fraud over gennady golovkin challengeObjectively, Fitbit represents a tremendous growth story. The Bracero Program ends in 1964, and, after a brief decline in immigration, workers from Mexico increasingly arrive to work under the auspices of the H 2 Program of the Immigration and Nationality Act of 1952, as well as for family unification purposes, or as undocumented workers.. In this regard, a few questions come to mind as far as ideal weight is concerned. I have come to the conclusion.. 2. Not surprisingly, the committee is there to determine what our core strategy should be. In the season finale O’Brien gushed about having “90 and 99″, the respective shirt numbers of Clowney and Watt, together on the field.. Scrubbing food out of the carpet.”. Maybe even more informative is that this executive only got one lonely like for this post about how amazing the live video was on Twitter. As cheap as AE has looked, and with $20+ per share in cash on the balance sheet, I simply haven’t liked the story enough. Now remember, Steve, this was a second videotape that had been made public. These sites provide breaking news, weather and injury reports that will factor into your game picks. The high walls of disparity and differences must be destroyed once and for all. Through all the centuries of its existence Poland has never been a michael kors handbags wholesale menace to anybody, not even to the Turks, to whom it has been merely an obstacle.. This anchors your stitching. So use a little tiny flick, you briefly let wholesale nfl jerseys it go and you kind of spin it so this is 1,2,3, it is hard to do it slow so you might want to just spinning it. An example image of the shadows from a healthy rat at P18 is shown in Fig. I do because Roger Goodell one of his main planks, as Commissioner of the NFL, has been instituting Cheap Ray Bans Sale what you might call a justice system, right? And so part and parcel of that is the context of other punishments that he’s levied. Which means you get it in two cheap jerseys china days and no charge for shipping. The head strength training coach here is Shawn Powell. I had an earring ripped out of my ear and I damn well know it wasn’t an accident. Skull fracture further complicates the pathobiology, leading to direct brain shearing and haemorrhage if the fracture is severe or depressed, and increasing the risk of ischaemia from vasoconstriction precipitated by blood products, seizures and infection. You’ve got Rob Gronkowski, with the Patriots, who’s out for the season. Christina, 29, grew up in a big family with six brothers, so she developed a competitive spirit and an ability to stand out at an early age. Without a beer in his hand, he can’t understand what he ever found interesting in the sport.) Today’s America is more suited to a game which is more about strength than subtlety..

Related Articles

Leave a Reply

Back to top button