Deepak Insulated Cable Corporation Ltd

October 7, 1972 (Ii) The impact of modernisation in track could not he realised in full within the short span. Nevertheles, capital cost of track system has broadened the financial base of the railways resulting in heavy burden payment of its obligation towards General Revenues, (iii) The technological change brought in locomotives has definitely reduced traction hours, but marginally. The advantages of modernisation could not be pressed further due to use of train (diesel and electric) locomotives for shunting, sidings, etc. (iv) The recession in the industry, no doubt, affected adversely the demand for freight services. It is also true that railways have failed to provide cargo handling facilities at origin and destination points to match the innovations introduced in movement of traffic. The lengthening of turn- round time is also a bad reflection on the railways' efficiency. Finally, it must be recognised (Table 1) that working expenses of Indian railways have not been brought under control. These have risen continuously. The Hail way Ministers at the time of budget presentation, seeking approval of Parliament for upward revision of fare and height rates, have always made promises to improve efficiency but have failed so far.