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Railway budget, a jugglery of data and gimmick: Nitish

Patna, Feb 26 (UNI) Bihar Chief Minister Nitish Kumar today described Mr Lalu Prasad's railway budget as a ''jugglery of data with false projection of profit and gimmicks.'' Mr Kumar told newspersons here that the Railway Minister was misleading the people by projecting the volume gain by the railways.

Terming the budget an 'eye wash', Mr Kumar said the railway was making profit due to over-loading and the volume gained was not a miracle at the time when the nation had achieved nine per cent GDP.

He said Mr Prasad had set aside the safety norms as overloading would affect the tracks causing serious accidents in the near future if the trend continued.

He said the tracks and bridges repaired at a cost of Rs 17000 crore during his regime as railway minister, were any how sustaining the load but might cause danger in the near future.

He said lowering of fare was a gimmick of Mr Prasad, who had already taxed the passengers pocket through surcharge and was now trying to gain popularity by lowering the fare.

The number of berths and bogies were being increased at the cost of the passenger's comfort, he alleged.

Mr Kumar also said it was a great irony that even after running into huge profit, the railway was not able to pay the dividends.

He said Mr Prasad had not come up with any new projects but had only repeated the old ones.

UNI

Maoists attack check post, loot four police rifles

Gaya, Feb 26 (UNI) CPI (Maoist) activists attacked the Suryamandal checkpost under Dhobi police station and decamped with four rifles and 100 live cartridges after overpowering the policemen here today. Police said the extremists also looted two guns and 12 live cartridges from a nearby petrol pump while retreating after looting the rifles from Suryamandal check post. Massive search operation had been launched in the area to recover the looted fire-arms and nab the naxalites, the police added. UNI.....

Infrastructure plays dampener in India's tourism growth: PATA

Kolkata, Feb 26 (UNI) Even as inbound international arrivals peaked at 4.4 million in 2006, India's tourism growth was hampered by poor airport infrastructure and inadequate hotel rooms, according to a report of Visa and the Pacific Asia Travel Association (PATA). Recommending a seven-point plan to boost the sector, the report entitled "Total Tourism India" mentioned that the other areas needed to be reformed were the country's aviation policy, taxation regime, bureaucratic set-up, human resource development in the hospitality sector and.....

Allahabad bank opens its first overseas branch in Hong Kong

Kolkata, Feb 26 (UNI) Public sector Allahabad Bank today opened its first overseas branch in Hong Kong marking another step in the growing relationship between China and India, the world's fastest growing economic powerhouses. The bank, which currently had 55.23 per cent holding of the Government of India, opened a branch at the Lippo Centre today to serve retail and corporate clients in presence of Mr T Y Chan, Head of Banking Supervision, Hong Kong Monetary Auhority (HKMA) and Mr.....
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