Railways' 2013/14 market borrowing seen at 151.03 billion rupees

NEW DELHI Tue Feb 26, 2013 1:22pm IST

Railway Minister Pawan Kumar Bansal (C) arrives to present the annual budget for the country's railway system, at the parliament in New Delhi February 26, 2013. REUTERS/Adnan Abidi

Railway Minister Pawan Kumar Bansal (C) arrives to present the annual budget for the country's railway system, at the parliament in New Delhi February 26, 2013.

Credit: Reuters/Adnan Abidi

Related Topics

NEW DELHI (Reuters) - India's railway will borrow 151.03 billion rupees from markets for the financial year 2013/2014, Railway Minister Pawan Kumar Bansal said on Tuesday as he presented his ministry's budget to parliament.

The country's railway network is the world's fourth largest but it has suffered from years of low investment and political meddling. The result is a creaking system plagued by delays, overcrowding and slow freight delivery times that sap the competitiveness of Asia's third-largest economy.

(Reporting by Arup Roychoudhury, editing by Ross Colvin)

FILED UNDER:

Politics of Religion

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage