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Privitization of Railways – Advantages & Disadvantages

Recently, Government of India privatized the Tejas express running from Ahmedabad to Mumbai, which is operated by the IRCTC, arm of the Indian railways.  Indian Railways has launched itself on the road to privatisation by flagging off the Tejas Express running between Lucknow and Delhi and announcing plans to privatise the running of as many as 150 passenger trains. Privatisation of railways has benefits like improved efficiency, services, operations, etc. At the same time, it has disadvantages like it can’t provide affordable services, informalisation of jobs, revenue loss to the government in the form of a dividend, etc.

Belt & Road Initiative (BRI) of China – Will it Benefit India?

In 2013, Chinese President Xi Jinping launched China’s most ambitious project One Belt One Road (OBOR) which involves the building of two projects namely – Silk Road Economic Belt (SREB) and a 21st Century Maritime Silk Road (MSR). OBOR later came to be known as Belt and Road Initiative (BRI). BRI is arguably the most ambitious global infrastructure project ever envisaged by one country. However, is this merely an economic project? or a geopolitical one of China? Will India get any benefit by joining this project or not? Let us discuss those issues in detail.

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