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       Railway fares hiked, to be effective from Jan 21 midnight
 
         Posted on :15:41:53 Jan 9, 2013
   
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       Last edited on:16:37:40 Jan 9, 2013
         Tags: train fares, hiked
 

NEW DELHI: Ahead of the proposed railway budget for 2013-14, Railway Minister Pawan Kumar Bansal on Wednesday announced a fare hike that will take effect from January 21 midnight.

Addressing a press conference here, Bansal said that having hiked the railway fares now, the government will not increase the tariff in the budget.

"Train fares will be hiked from January 21 for all passengers, including the AC-1 and AC-2 tier passengers who were affected in early 2012. The hike will be two paise per km to 10 paise per km across classes. All fares will be rounded off to Rs 5, and there will be no fare hike in the Railway Budget," he said.

Justifying the hike, Bansal said passenger segment losses are likely to touch Rs 25,000 crore in the current fiscal.

"Input costs have increased immensely while rail fares have remained stagnant. In fact there was a decrease in lower class fares. Given economic slowdown, we have not been able to so far achieve this year's targets in either freight or fare side," he added.

He said that the slowdown has further impacted railways' earnings.

He further said that extra revenue earned through the fare hike will be used to maintain cleanliness and safety.

This is the first railway fare hike in ten years.

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INDIA HEADLINES
Listening to Sep 5 Modi address is voluntary: Irani  
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Taslima gets one-year visa, till August 2015  
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Japan lifts ban on six Indian entities  
Sonia visits Rae Bareli to launch welfare schemes  
Govt urges SC not to cancel 'illegal' coal mines  
Tejinder Singh taken into custody in Tatra case  
Another case of Love Jihad discovered in Kanpur; accused arrested  
Man sentenced to two years jail for kidnapping minor  
Eloped couple traced  
Former BSP MP appointed as Advocate General of UP  
Unless Pakistan stops terrorism and violence no dialogue is possible: Rajnath Singh  
Nalanda University reopens  
Modi proposes online Japanese language courses in India  
Pak should mend its ways, avoid tension with India: Javadekar  
Court grants man divorce over wife's demand for excessive sex  
Japan to work with India in finding Sickle Cell Anaemia remedy  
Government to increase dearness allowance to 107 Per Cent  
MP to launch scheme to help children of cops in edu  
State award nominee escapes attempt on life  
Senior BJP leader Mridula Sinha sworn-in as Goa Governor  
Crucial hearing on coal scam in Supreme Court on Tuesday  
Ten pilgrims killed in mishap  
Digvijaya breaks silence on Rahul: ‘should be seen and heard more’  
 
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