Rail Budget 2014: Private sector, foreign investors get ticket to ride on Modi's bullet train

Railway minister Sadananda Gowda used his budget on Tuesday — the first major policy showcasing of the Modi government — to signal its intention of using private sector investments, both domestic and foreign, as the prime engine of growth and modernization.

Having got rid of the difficult part by hiking rail fares and freight charges late last month, Gowda could focus his budget speech on the new government's vision for the Railways, and he did just that.

The government's vi ..

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