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« India: Development Or Developmental Terrorism? | Main | Chinese bank seeks IPO »

January 7, 2007

India: Railways to compete with road sector for funds

Source: Business Standard

By Animesh Singh / New Delhi

Riding on the wave of its economic turnaround, the railway ministry is eyeing a lionî–¸ share in terms of fund allocation for the 11th Five Year Plan. With Rs 20,000 crore surplus capital in its kitty during this fiscal, the ministry this time will try and compete with the road sector, against which it has constantly lost out in terms of Plan allocation. Railway ministry sources say that this time, it is looking at a better allocation under the forthcoming Plan period.

Full story...

Posted by pichu at January 7, 2007 10:26 PM