Rail budget 2015-16: No hike in passenger fares
26 Feb 2015
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Among railway minster Suresh Prabhu's first announcements while presenting the railway budget to parliament today was that there would be no increase in passenger fares for the fiscal 2015-16.
This belied earlier predictions by pundits that the minister would propose a 4-5 per cent 'safety surcharge' on passenger tickets.
"There will be no hike in railway passenger fares. We will focus on improving passenger amenities," the minister said - though it is not quite clear how he will balance the two apparently contradictory targets, despite his push for increased private investments in the railways.
