Lalu Prasad Yadav, the Railways Minister, presented his fifth consecutive Railway Budget on 26 January, 2008. The minister announced a record surplus Balance Sheet of Rs 25,000 crores for Year 2007-08. We in Surfindia, have followed his railway budget point by point.
| Train | Frequency | Note |
| Jaipur-Chandigarh | Tri-weekly | Via Rewari-Bhiwani |
| Secunderabad-Visakhapatnam | Tri-weekly | |
| Varanasi-Delhi | Tri-weekly | |
| Bangalore-Kochuveli | Tri-weekly | |
| Ranchi-Delhi | Bi-weekly | |
| Jammu Tawi-Kathgodam | Weekly | In lieu of Nizamuddin-Dehradun Garib Rath Express |
| Yesvantpur-Puducherry | Tri-weekly | |
| Jabalpur-Mumbai | Bi-weekly | |
| Delhi-Jaynagar | Bi-weekly | Via Patna |
| Pune-Nagpur | Tri-weekly |
| Train | Frequency | Note |
| Amravati-Mumbai Express | Bi-weekly | |
| Chennai-Tiruchendur Express | Weekly | |
| Hyderabad-Usmanabad Express | Tri-weekly | |
| Bhubaneshwar-Mumbai Express | Bi-weekly | Via Sambalpur |
| Amritsar-Saharsa Jan Sadharan Express | Weekly | Via Hasanpur |
| Ranchi-Chopan Express | Tri-weekly | |
| Asansol-Mumbai Express | Weekly | Via Jasidih |
| Howrah-Mumbai Mail | Daily | |
| Delhi-Jaynagar | Bi-weekly | Via Patna |
| Pune-Nagpur | Tri-weekly | Restored (Via Gaya) |
| Kamakhya-Gandhidham Express | Weekly | |
| Kochuveli-Dehradun Express | Weekly | |
| Jaynagar-Saharsa Janaki Express | Tri-weekly | Via Hasanpur |
| New Dibrugarh Town-Kamakhya Express | Tri-weekly | Via Moranhat |
| Machallipatnam-Bangalore Express | Tri-weekly | |
| Surat-Muzaffarpur Express | Weekly | Via Azamgarh-Chhapra |
| Amritsar-Kochuveli Express | Weekly | |
| Delhi-Pathankot Express | Tri-weekly | Via Amritsar |
| Malda Town-Patna Express | Tri-weekly | Via Bhagalpur |
| Indore-Udaipur Express | Tri-weekly | Via Ratlam |
| Varanasi-Rameshwaram Express | Weekly | |
| Delhi-Jogbani Link Express | Weekly | |
| Khajuraho-Delhi Link Express | Tri-weekly | |
| Kamakhya-Gaya Express | Weekly | |
| Ramnagar-Delhi Link Express | Daily | |
| Kolkata-Murshidabad Hazar Duari Express | Weekly | |
| Mathura-Chhapra Express | Tri-weekly | |
| Gwalior-Indore Express | Tri-weekly | |
| Udaipur-Delhi Chetak Express | Tri-weekly | Via Ajmer-Neem-ka-Thana |
| Puri-Darbhanga Express | Weekly | |
| Yeswantpur-Jodhpur Express | Weekly | |
| Radhikapur-Delhi Express | Weekly | |
| Vasco-da-gama-Patna Express | Weekly | Via Konkan railway |
| Paradeep-Bhubaneshwar Express | Daily | In lieu of one pair passenger service between Paradeep and Cuttack. |
| Bilaspur-Pune Express | Weekly | |
| Kendurjharagarh-Puri Express | Daily | |
| Gaya-Chennai Express | Weekly | |
| Balharshah-Mumbai Link Express | Daily | |
| New Dibrugarh Town-Yesvantpur Express | Weekly | Via Moranhat |
| Ranchi-Bhagalpur Express | Tri-weekly | Via Kiul in lieu of 3405/3406 |
| Ranchi-Bhagalpur Varanchal Express | Bi-weekly via Kiul | |
| Lucknow-Delhi Air Conditioned Express | Tri-weekly | |
| Dehradun-Delhi Air Conditioned Express | Six days | |
| Ahmedabad-Mumbai Air Conditioned Express | Weekly | |
| Chennai-Rameshwaram Express | Daily | Via Mayiladuthurai-Karaikudi (after Gauge conversion) |
| Chennai-Tiruchchirappalli Express | Daily | Via Mayiladuthurai (after Gauge conversion) |
| Chennai-Salem Express | Daily | Via Vriddhachalam (after Gauge conversion) |
| Madurai-Tenkasi Passenger | Daily | After Gauge conversion |
| Villupuram-Mayiladuthurai Passenger | Daily | After Gauge conversion |
| Mysore-Nanjanagud Town Passenger | Daily | After Gauge conversion |
| Ahmedabad-Patan Passenger | Daily | After Gauge conversion |
| Dabhoi-Pratapnagar Passenger | Daily | After Gauge conversion |
| Hajipur-Phulwaria passenger | Daily | Upon commissioning of new line |
| Itarsi-Katni Passenger | Daily | |
| Shoranur-Nilambur Road Passenger | Daily | |
| Tirunelveli-Tiruchendur Passenger | Daily | |
| Vasai Road-Panvel MEMU | Daily |
Lalu announced a cut in passenger fares. First Class A/C fares will be down 7%, A/C 2 down 4% and A/C 3 will see a reduction of 2%. Second Class fares have been cut by 5% for tickets beyond 50 kms.
Lalu Prasad Yadav declared a record surplus of Rs 25,000 crores for FY-08. Lalu said the Railways had made a remarkable turnaround and announced a profit of Rs 68,778 crores in the last five years. The minister said that Rs 15,000 crores had been paid as dividend to the government in the same period.
Railways would be controlled online in two years. Use of IT communications by 2009. Rajdhani and Shatabdi Exprress trains will have LHB coaches. This would enhance speed and comfort. Only stainless steel coaches would be produced after 2010. Professional agencies to undertake on board cleaning system in every Rajdhani, Shatabdi, Mail and Superfast trains. Low level and medium level platform in B category stations to be converted to high level platforms. All D level stations will have platform shelter
Railways has attained 790 tonne payload target. Freight Wagon turnaround takes to a profit of Rs 233 cr. 3000 new bogies have been added to freight trains. Uncoaching earning have gone to 4000 cr. Shipping and road transport companies are permitted to run dedicated trains. Freight loading has been increased by 10%. New freight income target new Rs 440,000 cr.