NEW DELHI 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)
Trending On Reuters
At least 17 people have been killed by heavy rains and flooding in Assam, while at least 14 people have died in Bangladesh, with millions of people also displaced, officials said on Saturday. Full Article | Video