In a speech to the Lok Sabha that was punctuated not only by applause and jeers but also by some of the twinkling humour more commonly associated with her predecessor as railway minister,Mamata Banerjee laid out the direction that Indias largest single employer would take in the next year. When faced with a holdover from the distant past like the Railway Budget,the reform-minded are tempted to apply the Hippocratic Test: did it,first and foremost,do no harm? The answer,in this case,might depend on what part of the message youre listening to.
One part was definitely welcome: the railway ministers focus on making the use
There is a flip-side to this,however. And that is summarised in Banerjees opening remarks that The time has come when our economists and social philosophers will have to consider that… the old mindset of economic viability should be substituted by social viability. She then goes on to quote Indira Gandhi in full garibi-hatao avatar,hardly a new mindset. This is a worrying frame in which to hang the idyllic picture she drew of public-private partnerships and land banks for industry. The Railways are hardly a small fiefdom in which the rules of the market stop applying,and where dirigiste economic thinking will not have the calamitous effects it has everywhere else. The fear is that an exaggerated notion of the powers of the state in this case,the Railways to determine social viability causes Banerjee to look with approval on the idea that the Railways should be running medical colleges,nursing colleges and malls. Banerjee should be disabused of this apprehension before the Railways deteriorating health does it for her. Already,expenses are ballooning: operating ratio,which should be below 80 and was heading there under Lalu Prasad,is under pressure. Banerjee promised a comprehensive White Paper on the Railways direction; that too will tell her that user-friendliness is good,but central planning is very,very bad.


