Suresh Prabhu @work

Railway Minister Suresh Prabhu kept fares unchanged and eschewed populist gestures such as new trains and stations in his maiden Railway Budget, preferring instead to bring a technocrat's focus to try and improve amenities for customers, set the organisation's trajectory for the next five years and put its derailed finances back on tracks.
Prabhu, whose appointment as railway minister last November had raised hopes of fresh thinking in a ministry long used by politicians to dispense favours to their constituencies, also announced hefty spending increases for building more capacity and track electrification, and unveiled plans to introduce faster trains on existing tracks and sweat railways' assets better by roping in the private sector. The cash-strapped railways will create new special purpose vehicles to secure investments, he said, as he sketched out plans to tap low cost money from long-term investors such as insurance and pension funds, and multilateral agencies.Prabhu, who has secured support worth Rs.40,000 crore from the Union Budget which signals the government's intent to spend more to revive investments, plans to tap a wide range of non-railway sources to augment investments, including setting up JVs with states, PSUs with large investible resources and multilateral and bilateral agencies. Other measures include monetising rail assets, particularly railway stations that can be expanded and refashioned as business hubs, and leveraging earnings to raise capital from the market. The budget drew plaudits from experts, many of whom saw it as a credible start to try and reform a sinking organisation, but it received a thumbs down from the markets where the feeling was it wasn't bold enough because it steered clear of privatisation and did not have bold moves for organisational change vital to realize some of Prabhu's plans.  Political rivals of BJP slammed the budget, while its partner Shiv Sena wasn't enthused either, saying the budget had little for Mumbai or Maharashtra.
The minister did not raise passenger fares, to the disappointment of some reform pundits. Freight charges were, however, increased by up to 10%, portending higher costs for companies in sectors such as steel, coal and fertilisers.
Prabhu said prices had already been increased last June and there had been no major concomitant improvement in passenger amenities. adding that it would be difficult to explain fare increases when diesel prices had fallen.
In the next five years, the railway minister has promised a major improvements in customer experience in a host of areas such as cleanliness, comfort, service quality and train speeds.From a 24-hour helpline to mobile charging facilities on all trains to a choice of cuisine to WiFi in stations, Prabhu said railway consumers would get access to all these services.
He also announced plans to launch services called `Train Sets' in the next two years on some routes, saying these modern trains similar to Japan's Bullet trains in design would provide vastly better customer experience and a 20% saving in journey time as these imported trains travelled at higher speeds on existing tracks. Prabhu said the speeds in nine railway corridors would be increased to 160-200 km per hour from 110-130 kmph now. Prabhu is targeting an operating ratio -a key gauge of operational efficiency -of 88.5% for the next financial year to end-March 2015, the best in nine years and compared with 91.8% expected this year. A lower operating ratio means that the railways will save more on every rupee it earns, allowing it to invest more to grow its operations and provide better facilities. He also announced an investment plan of Rs.8.5 lakh crore for the next five years.