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Indian Railways Near To Bankruptcy , Indian Railway Budget 2011

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First time in Indian History, the largest conglomerate of Indian government Indian Railways – which is the largest employer in world with 1700000 employees has announced it’s Bankrupt if believe the complain of opposition parties.

According to CPI-M leader Sitaram Yechury ‘(For the) first time in the history of India, today the minister of railway has achieved the impossible, she actually made the railways bankrupt.

For Railways The expenditures are higher than the income, it was due to due to an increase in payments to the staff after the implementation of the sixth pay commission recommendations.

It’s impossible  task and achievement done by Our great politicians.  This is nearly a mock of Railways since just few year back It was studied as a case study in Top business school in the world including IIM, Ahmadabad. I don’t know whom to blame ?

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