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Railway budget: Reactions from the common man

Railways Minister Mamata Banerjee unveiled a populist budget on Friday that froze both passenger and freight fares, disappointing hopes for major reform in a lagging sector key to the country’s infrastructure growth.

Reuters spoke to people at the New Delhi railway station to get their reaction to the railway budget.

Should we have a separate railway budget?

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INDIA-BUDGET/RAILWAYSA railway budget separate from the general budget started in 1924 because the railways then formed more than a third of the budget.

A dedicated budget for railways was called for.

However the pattern of government’s finances has changed and the railways despite the impressive statistics - 63,327-kilometre network, 18 million passengers,  two million tons of freight – is less important.

Market jumps over 250 points before budget

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INDIA-BUDGETThe Sensex jumped 254 points on Friday as investors covered short positions ahead of the full year’s budget which is to be announced on Monday.

The rally in the benchmark, which closed at 14,913, was led by HDFC (up  7.7 percent). Gains in Tata Steel, M&M and Reliance Infrastructure also helped.

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