The good news about the Railway Budget speech of Mallikarjun Kharge was that it was cut short by the anti-Telangana shouting brigade in the Lok Sabha. The net result is that we were spared a long-winded election-eve interim budget speeches that railway ministers are prone to give. While Kharge was not expected to raise passenger fares (politically unthinkable anyway) or freight (given the state of the economy), the numbers contained some good news nevertheless. The key cause for some cheer is that 2013-14's freight loading target of 1,047 million tonnes will be marginally exceeded, and is now estimated at 1,052 million tonnes. The not-so-good news is that for next year, there is a modest 4.6 percent hike proposed to 1,101 million tonnes. If rail traffic will grow only 4.6 percent next year, it means either the new government will have hiked fares or the economy is going to grow slowly.

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