Progressive budget with stress on development: Jhunjhunwala

Mumbai, Feb 26 (UNI) The Railway Budget for the year 2007-08 is a progressive one with emphasis on development, said Commodities Market President K F Jhunjhunwala today.

Every year in the past, there had been some increase in prices, but this year the budget is very good with a cut of 60 per cent in luggage and parcel fares, Mr Jhunjhunwala said.

This would provide a big boost of encouragement for the commodities exchange, he added.

UNI