No hike in rail fares: Laloo
By Our Economy Bureau | 26 May 2004
New Delhi: Railways minister Laloo Prasad Yadav took
charge of his ministry yesterday and said that there will
be no hike in rail fares.He also promised punctuality
in the running of trains and a corruption-free railways.
"All
accidents will be thoroughly investigated and responsibility
fixed. Adequate modernisation measures will also be taken
for upgrading the railways," he said.
Prasad said new projects would be undertaken only after
the projects sanctioned under the regime of his predecessors
had been completed.
He said fare for lower classes would not be increased and the rates kept at affordable level. He said free railway passes would be provided to freedom fighters, media persons and senior citizens. The minister said the use of plastic cups would be banned in favour of earthen cups — kulhars — as they are bio-degradable.
Prasad also promised to root out corruption and stop the contract mafia from eating into the railways'' revenue. He said remote areas would be connected by rail links.
He
said he would invite suggestions from all the Members
of Parliament about the kind of projects that needed to
be initiated in their constituencies and the status of
old projects.
He assured that the suggestions would be incorporated
in the next Rail Budget.
Latest articles
Featured articles
The decoupling paradox: Why Wall Street keeps funding AI despite $100 oil
By Axel Miller | 11 May 2026
AI infrastructure stocks continue rallying despite $100 oil as investors bet on productivity gains and semiconductor demand in 2026.
Hybrid bonding gains attention as AI chip packaging demand grows
By Cygnus | 23 Apr 2026
Hybrid bonding is driving AI chip packaging demand as backend technologies gain importance in the semiconductor supply chain.
The agentic transition: how enterprises are scaling AI from pilot to profit
By Cygnus | 22 Apr 2026
AI has entered its execution era. Discover how companies like Valeo and Microsoft are scaling agentic AI systems—from copilots to autonomous workflows driving real business impact.
Post-splashdown: What Artemis II taught us about the ‘deep space wall’
By Axel Miller | 15 Apr 2026
Artemis II splashdown marks a breakthrough in deep space exploration. Discover AVATAR radiation data, Orion’s distance record, and insights shaping NASA’s 2028 Moon mission.
Can aviation go green? The multi-billion dollar race for sustainable fuel
By Cygnus | 10 Apr 2026
Airlines are racing to adopt sustainable aviation fuel, but limited supply and high costs challenge the future of green aviation.
The battery race: who will control the future of electric vehicles?
By Axel Miller | 08 Apr 2026
The global battery race is reshaping the electric vehicle industry, with China, the US, and Europe competing for control over supply chains and technology.
AI vs governments: Who controls the future of intelligence?
By Cygnus | 07 Apr 2026
Governments and AI companies like OpenAI and Anthropic are shaping the future of intelligence amid rising policy conflicts and global competition.
Strait of Hormuz: how one chokepoint controls the global economy
By Axel Miller | 06 Apr 2026
The Strait of Hormuz is a critical global chokepoint. Learn how disruptions impact oil prices, shipping, and the global economy.
The $2 trillion AI infrastructure race: Who will control global compute?
By Cygnus | 06 Apr 2026
AI spending is set to exceed $2 trillion in 2026, driving a global race in data centers, chips, and energy infrastructure.
Latest articles
