Railway minister Dinesh Trivedi after raising passenger fares for the first time in eight years, wants to link the fares to the cost of fuel -increasing or decreasing with changes in fuel rates.
Barring the nominal fare hike, Mumbai's suburban commuters have many things to cheer about in the rail budget for 2012-13 presented in parliament Wednesday by Railway minister Dinesh Trivedi.
Defending the fare hike, Railway Minister Dinesh Trivedi today said that it was needed to provide basic amenities and for the safety of passengers.
Two double-decker trains and a Shatabdi train are among 72 new express trains announced in the Rail Budget 2012-13.
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
BJP today termed the Railway Budget as "directionless" and "anti-people", saying it will add to the woes of the common man already facing the brunt of spiralling prices.
Congress today backed the hike in rail fares in the railway budget saying it was "very minor" and necessary in view of the increase in fuel prices.
Indian Railways aims to cut operating ratio, which is the money spent to earn every Rs.100, to 84.9 percent in 2012-13 from 95 percent in the current financial year, Railways Minister Dinesh Trivedi said today.
In line with the budget announcement of a hike in passenger fares in the range of 2 paisa per kilometre to 30 paisa per kilometre in various categories of trains, most Railway stocks dropped 4-6% on the Bombay Stock Exchange on Wednesday.
'Sorry, cannot agree,' tweeted Trinamool Congress leader Derek O'Brien today opposing the fare hike proposed by his party colleague and Railway Minister Dinesh Trivedi.
Presenting a populist budget, Railways Minister Dinesh Trivedi on Wednesday announced marginal hike in passenger fares ranging from 2 paisa per kilometre to 30 paise per kilometre in various categories of trains despite noting that Railways was passing through a "difficult phase".
Prime Minister Manmohan Singh today hailed as "forward-looking" the Rail Budget which has proposed hike in passenger fares in various ranges in different categories.
A week ahead of his maiden budget March 14, railway minister Dinesh Trivedi on Friday announced 26 new trains, extended runs of five existing trains, increased the frequency of two trains and introduced five new suburban trains, promised by his party boss Mamata Banerjee last year.
Railways minister Dinesh Trivedi is planning to create a big splash in his budget speech of March 14 by unveiling plans to deploy the world’s largest European Train Control System project. Srinand Jha
The seven north-eastern states, which hold the key for Trinamool Congress to emerge as a national party, could be bestowed with a slew of new rail projects in the upcoming Rail Budget.