Stressing on the need for constant innovation, Railway Minister Suresh Prabhu in his second Railway Budget speech said, "We need to reimagine the conventional ways of solving things. We plan to do this by drawing upon our inherent strengths." These are the highlights of the Railway Budget 2016 Theme of the Budget Overcoming challenges - Reorganize, Restructure Rejuvenate Indian Railways: 'Chalo, Milkar Kuch Naya Karen' Three pillars of the strategy i.e. Nav Arjan - New revenues, Nav Manak - New norms, Nav Sanrachna - New Structures. Financial Performance 2015-16: Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; 2016-17: Targeted Operating Ratio (OR) -...
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