Mukul Roy rolls back hike in 2nd class, AC chair, 3-AC train fares

22 Mar 2012

1

Mukul Roy, Mamata's answer to a recalcitrant railway minister Dinesh Trivedi, has done exactly what his leader wanted.

The new minister for railways today announced a rollback of the proposed increase in passenger fares for three-tier sleeper, AC-chair car and 3-AC, thereby excluding a majority of passengers from the impact of the fare hike.

The roll-back is expected to reduce additional revenue generation by the Railways by around Rs7,000 crore in the 2012-13 financial year.

Dinesh Trivedi had proposed an across-the-board increase in rail freight rates, with a projected gross traffic receipts of Rs1,32,552 crore in the 2012-13 financial year, an increase of Rs28,635 crore over the revised estimates of the previous fiscal (2011-12).

Trivedi had proposed a 2 paise per km increase in suburban and ordinary second class travel. For mail, express second class the proposed hike was 3 paisa per km; for sleeper class 5 paisa per km and for AC chair car and AC 3 tier and first class 10 paise per km.

For AC 2-tier and AC 1st class, the proposed hike was 15 paise per km and 30 paise per km, respectively.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more