labels: economy - general, railways
Railways to borrow Rs 3,400 crore in ''04-05 news
06 July 2004


Railway minister Laloo Prasad Yadav said today that the railways would borrow Rs 3,400 crore from the market in the financial year to March 2005.

India has one of the world's largest railway networks running almost 14,000 trains daily, but the network is saddled with huge losses because of its rock-bottom fares and bloated workforce, leaving little funds for investment in infrastructure


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Railways to borrow Rs 3,400 crore in ''04-05