Lalu, Harvard, Wharton, IIMs...
Union Minister Lalu Prasad Yadav's contribution to the so-called turning around of the Indian Railways is now the subject of study by two business schools, Harvard and Wharton.
There are few materials available on record to show that Mr. Yadav has implemented any special management measures that have led to a profitable spell for the railways.
By most accounts, the Minister has been wise enough to leave the running of the gargantuan railway system to the somewhat reclusive set of professionals who make up the Indian Railway Technical Service and the Indian Railway Accounts Service.
As I have been repeatedly pointing out, Mr. Yadav and his less prominent deputy in the Ministry, Mr. Velu have done little for the Mass Rapid Transit System in Chennai. The picture shows it all. There is a lot of real estate in the MRTS stations, such as Chintadripet here. But it is completely wasted because the only occupants of the neglected building are some transport contractors and parcel agents for bus operators.
On most days, the approach to the station is dark, the entrance obscured from view by a proliferation of bushes and storm drains without covers that people fall into.
Not the kind of rail transit system that someone from Harvard or Wharton would imagine Mr. Yadav is running at a profit, or come to think of it, even at a loss.
Wednesday, December 27, 2006
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