However some suggestions this time:
Should we have a separate railway budget?
A railway budget separate from the general budget started in 1924 because the railways then formed more than a third of the budget. Many people argue that now since the size of Indian economy has increased a great deal, why should we just follow history? Why have a separate rail budget??
I have a counter argument. We should have separate budgets for all important ministries. Let the Rail, Highways, Power, Higher Education, Urban Development, Agriculture …. ministers present the annual budgets and future plans of their ministries and the Finance minister should just cover the remaining expenditures and allocations at the end. This way, all the ministries will come under public scrutiny and be more accountable.
Now something about making money.
Assume you have a 1000 kgs of Gold. And you know that the gold prices are at the peak. What will you do? The obvious choice is to sell it off and cash in. Our rail stations and trains have several lakhs of feet-fall daily. Is it not a great place to earn money from advertising? We see some ads but there is potential for a lot more. And only additional money can solve the problems with Indian railways.
Here is a workable solution: Lease out the ad space to different advertising agencies zone wise. Let them be independent to sell the ad space and finally railway ministry can pay them a certain percentage of the money made by them. Different agencies in different zones will ensure competition and the contract can be reviewed based on performance.
Here are some pics to end the blog:-
The Good:
The Bad:
