No privatization of Railways: Suresh Prabhu

Notwithstanding recommendation by government panels, Union railway minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a “bogey” being raised by those who do not want any change.

He further said the concept of privatization gives confusing signals and envisages the possibilities of ownership transfer of an enterprise to a different entity or management which was not possible in railways.

“Railways will continue to be owned by government of India, managed by government of India.