MUMBAI - While China has begun to earn billions of dollars exporting high-speed bullet train technology to the United States and Europe, the struggle of Indian Railways to manage its financial woes and modernization delays serves as a stark contrast between the operators of the world's two largest railway networks.

Cash-strapped Indian Railways has asked the Indian Finance Ministry for US$8.6 billion in the annual railway budget to be released this month, more than double the allocation of $3.47 billion in the 2010 budget for modernization programs.

The 157-year old Indian Railways, hauling over 13 million passengers daily and calling itself the "Lifeline of the Nation", is closely linked to the common man, with its heavily subsidized fares; it offers 25% to 75% fare concessions to 50 categories of travelers, from the physically and mentally impaired to patients traveling for medical treatment, war widows, the elderly and students, including those from overseas.

Indian Railways has the world's largest online ticketing service - but insider fraud is often suspected, with tickets in very popular trains sold out almost instantly when reservations opens three months in advance.

Source: http://www.atimes.com/atimes/South_Asia/MB10Df04.html