Prabhu begins presenting India's rail budget for 2016-17

Railway Minister Suresh Prabhu began presenting his ministry's budget for the next fiscal year in the lok Sabha on Thursday, promising to address the issues concerning all stakeholders -- citizens, employees and industry, among others.

"These are challenging times," Prabhu said in the opening remarks of his second rail budget speech, adding that the strategy will involve three pillars -- exploring new avenues to raise revenues, improve efficiency and totally recast decision-making.

"Cooperation, collaboration and communication, are the hallmarks of Indian Railways' journey forward," the minister said. "We will be at the forefront of infrastructure investment in the country."