Rail Budget practical, implementable: P Chidambaram

Terming the Railway Budget for 2012-13 as "practical and implementable", Finance Minister P Chidambaram on Tuesday said his cabinet colleague Pawan Kumar Bansal has presented the finances of the railways in a very candid manner.

"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.



Chidambaram, who will present the General Budget for 2012-13 on February 28, said: "Within the resources the railways can mobilise, I think he (Bansal) has done a remarkable job of providing new trains, new lines, extensions, capital works and production facilities."

On the financial conditions of the railways, Chidambaram said: "I think after many years, he (the Minister) has candidly stated the finances of the railways... I think it is a very commendable budget."