Rail budget well thought out, non-populist, says KPMG

Tags: News
Hailing the Railway Budget as "well thought-out" and non-populist, global consultancy KPMG today said it provides the much needed strategic financial headroom required for the railways to make critical investments in its modernisation and expansion plans.

"The much-needed support for PPP as a significant source of investment capital is the backbone of providing the strategic financial headspace," KPMG said in a statement.

The budget appears to be very well thought out and having something for all its stakeholders without being populist, it said.

According to KPMG, using modern technology to enhance safety and security, as well as improving management by deciding to adopt an ERP (enterprise resource planning), is a welcome step.

"We hope that there is also a focus on energy efficiency in order to bring down the operational costs, thus improving operational profitability," the statement said.

However, in addition to all the positive steps laid out in the rail budget, it would have been helpful if there was focus on non-traffic revenue generation to enhance profitability of railways, it said adding measures should be adopted to enhance domestic capability for modernisation of railways.

EDITORIAL OF THE DAY

  • Abrogating the Indus water treaty is bound to have multilateral implications

    The big question looming in the aftermath of the Uri attack is whether water-induced warfare could inflict bigger damage on our western neighbour than

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Telecom litigation now a matter of time

In the Reliance Jio and Cellular Operators Association of India ...

Rajgopal Nidamboor

Why vitamins?

Vitamins and minerals should be part of our wellness indemnity ...

Shona Adhikari

Where Bhupen Khakhar rubs shoulders with Georgia O'Keeffe

The next India Art Fair (IAF) is scheduled to take ...