LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

CPI opposes any move to privatise railways

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Fri, Oct 06, 2017
05:39 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

The CPI has opposed government's intent to privatise the railways, saying the life-line of the country can no way be treated merely as a commercial enterprise.

In a letter to Prime Minister Narendra Modi, CPI leader D Raja expressed shock and anxiety over the recent "actions and announcement" made by the Railway Minister Piyush Goyal on privatisation of railways and told the government not to take any "hasty decision or allow experimenting or tinkering with the age-old railways".

"Many countries have tried to make railways, their primary transport organ a privatised operation. It has never worked," he said while giving the example of Britain where he said the "government is trying to re-nationalise railways".

Terming privatisation as "inaction in action", Raja reminded the Prime Minister that "there is no corporate body in the world which is running such a massive institution".

"Many countries have tried to make railways, their primary transport organ, a privatised operation. It has never worked. Britain has privatised railways during the regime of Prime Minister Margaret Thatcher. Now we increasingly hear voices that the British railways will be fully or partly re- nationalised or parts of it brought under government control", the CPI National Secretary said.

He said "our neighbor China is investing great amounts in its railways. There is economic sense to it. China is tying up with Nepal and other countries to link railways. India is being left out.

"If government goes headlong on privatisation, then surely we will be cutting back on the entire development and safety of India."

Regarding government's decision to merge the railway budget with the general budget, Raja expressed unhappiness and said though the move was supposed to bring great changes, "no gains have been seen".

He said the responsibility of running the railways efficiently, lay on the Railway minister and the government and the railway family can never be blamed for any failure.

Raja also drew the attention of Prime Minister on the issue of national security, saying it would be a difficult task for the government to chalk out a strategy with a privatised railways if it wanted to buttress defence on the borders.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

FAU-G Game Launch date: Good news! Release tomorrow, beats PUBG Mobile India

The Kapil Sharma Show set to go off air? Reasons REVEALED? Check report

CBSE Exams 2021: Datesheet announcement and other latest details, Class 10, 12 students must know

Republic Day Parade 2021: When and where to watch live telecast of R-Day Parade - timing to traffic routes, all details here

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

UPSC Recruitment 2021 online: Apply for 249 posts on upsc.gov.in – check age limit, last date and other details here

7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in

Bharti Airtel vs Reliance Jio vs Vodafone Idea - check who is gaining market share across parameters

Stove Kraft IPO review: Explained by ICICI Securities

How to check IRFC IPO Allotment Status Online: All you need to know in one place

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved