Lalu ki Train - Rail Budget

[nihit]

Hey All,

Rail Budget is out and the good figure of 25k crore profit

All future and present managers dont you think we shall have a discussion on the same.

I was reading in rediff and Newspaper where the points mentioned were good and bad too

Few people commented in Rediff saying that Mostly all the trains are diverting towards Bihar only whereas 2-3 states have been left untouched. Whereas one good point mentioned in Newspaper was "If all the figures of Profit is true(which can come out after review by next govt.) than Lalu should be awarded as Best CEO in the world. Not only that he did what even an Harvard gradute cant do it... turnaround of loss making unit to the highest profit earning ventures.

Whats your view points on the same...

Come lets discuss..........fight..... shout.... scream..... everything except hurting anyone's view point. Lets have a healthy GD/Discussion (which is always unhealthy during GD's of MBA institute )

[miki_crazy]

yes even I read in TOI yesterday where Lalu himself was saying that people say that he has fudged the figures but he says iits s not possible as all the accounts are reported to RBI and everything is checked, so its possible that he has managed to turnaround the railways. Also if its true, it was mentioned that railway shoul be featured fortune 500 companies because of the kind of profit percentage it managed.

Also as I could make out the major chunk of it was due to freight operations.

[aniina_8]

Well who knows if there is another AMBANI in the making.... but this one is for the government... provided wat all he has quoted comes out to be true..

[accenture07]

Originally Posted by nihit

Hey All,

Whereas one good point mentioned in Newspaper was "If all the figures of Profit is true(which can come out after review by next govt.) than Lalu should be awarded as Best CEO in the world. Not only that he did what even an Harvard gradute cant do it... turnaround of loss making unit to the highest profit earning ventures.

Originally Posted by aniina_8

Well who knows if there is another AMBANI in the making.... but this one is for the government... provided wat all he has quoted comes out to be true..

Oh com'mon i cant expect these thins from you.Lets clear some of the mis conceptions.

1) Lalu turned a loss making entity into a profit making entity:
Yes,he did it.There is no doubt in that.After gulping hundreds of crores in chara ghotala, he had enough of money.He was given position to work.And with 9 children and rabri- he himself knew what is his image in Media and among masses.Every action of lalu became a news.
He did the same thing what is expected of a railway minister.He generated profits as he worked honestly (to some extent).Former railway ministers were totally corrupted and did work that could only fill their bank accounts.
He did work---> Results are infront of you

2)

Not only that he did what even an Harvard gradute cant do it...

I cant believe you are saying this.Do u know what,if you would have been in place of lalu, you could have generated same amount of profits (may be more).He did what is known as cost cutting.He introduced concepts that even you could have suggested.Also if one of your budget proves to be a sucesful one, you develop confidence among masses and among government.
Harvard graduate could have taken railways to such heights, neither me nor you can predict.

I am not from any "anti lalu" community.Its just that we people are beliving what media is projecting and its not expected of budding managers.
If all government organisations work honestly, then trust me this 25000 crore of profit is nothing.We can even generate double digit growth in our economy.

I want to write more,but want to see what you people now feel.

@all
No offence to any of my friends

-Accenture07

[cat=chimera]

All said and done I think we are not giving Lalu his due credit ..Consider some new concepts that were introduced under his regime
a) Automatic upgrading of sleeper class tickets to AC in case there are seats remaining empty in AC (something like that, not very sure of the exact thing here)
b) Employing earthen pots instead of plastic ones..Thereby providing jobs to many people and at the same time environmental concerns are taken care of
c) He is one of the first to propose active participation of the private sector in the railways..
.........
So simple yet so effective solutions

[aniina_8]

@Accenture

Well watever u are sayin about the Bihari Bond is all true, and we all know.But tell me is there any1 politician who can come clean on Corruption charges???

Okay let leave this fact aside. Lets think about some1 who is taking efforts to do somethin good for the country. So even if he is corrupt(which u cant avoid in our country) he has turned the fortune of Railways. I feel its a reason to celebrate moreover the expectations form the next government will always increase.

So in any way its good for the Country.

[IIM maniac]

Important point here is, he should have given all the states equal opprtunity to grow. As some of the states are untouched and some are flooded. Also how can we ignore point of Mumbai local trains?? These people too need much more attention..Well, there are always some good points and some bad..one of the good point i like is promoting coolie to gangman post..some noble work, some lackings..this is how i take this budget as....Any points or comments are welcome...

[nihit]

Originally Posted by cat=chimera

All said and done I think we are not giving Lalu his due credit ..Consider some new concepts that were introduced under his regime
a) Automatic upgrading of sleeper class tickets to AC in case there are seats remaining empty in AC (something like that, not very sure of the exact thing here)
b) Employing earthen pots instead of plastic ones..Thereby providing jobs to many people and at the same time environmental concerns are taken care of
c) He is one of the first to propose active participation of the private sector in the railways..
.........
So simple yet so effective solutions

Yes thats what i mean....

He did something which other could have done but no one did it.

@Accenture,

If you see the past, Mr. Nitish kumar was the Railway minister.. even he could have done it.. but did he do anything.???
We do agree that Lalu is corrupt... blah blah.. and the same applies to other ministers too but than they dint do something extra ordinary which he did it.. we need to appreciate that.

[sumitrocks]

Well, Laloo has always been full of surprises. And even if his budget has a tinge of regional bias to it, I think he can be forgiven for an overall good job. Maybe, a better manager, a more educated person would've done a better job. Still, Laloo does deserve credit for his achievements.

I think he's on the right track (pun intended). Though, it might take some years before the railways are totally streamlined in terms of their operations.

[Zippo]

Originally Posted by aniina_8

@Accenture

Well watever u are sayin about the Bihari Bond is all true, and we all know.But tell me is there any1 politician who can come clean on Corruption charges???

Okay let leave this fact aside. Lets think about some1 who is taking efforts to do somethin good for the country. So even if he is corrupt(which u cant avoid in our country) he has turned the fortune of Railways. I feel its a reason to celebrate moreover the expectations form the next government will always increase.

So in any way its good for the Country.

I agree on the second point that he did something good for the country. What he did might be basic cost cutting but then none of his predecessors bothered to think in that direction, so credit to him.

But then I wouldn't agree on the first part. I don't know for how much longer would we be fine with 'he's corrupt but who isn't' logic.

The railway budget does look like an 'aam aadmi' budget but then it is not as green as one thinks it is. There are cost cuts but the numbers portrayed 5%, 7%,etc is only for lean seasons from feb,march and august. For the rest of the year, it is in the range of 2-3% (The number might not be exactly true)

The major revenues for the railways come from freight rather than passenger trains. So he has more than balanced these cost cuts on the freight side.