Balanced Rail Budget by Trivedi: India Inc
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.india Updated: Mar 14, 2012 16:26 IST
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
"It is a balancing act by Railways minister Dinesh Trivedi. It is a good decision to look at the fare as it has not been increased in the last several years," CII Director General Chandrajeet Banerjee said.
Passenger fares have been increased by 2 paise per km for suburban and ordinary second class travel; 3 paise per km for mail/ express second class; 5 paise per km for sleeper class; 10 paise per km for AC chair car/AC 3-tier and First Class; 15 paise per km for AC 2-tier and 30 paise per km for AC 1-tier.
Assocham said it has been a pleasing Budget for a common man with a very minimal hike in fairs specially in the wake of high inflation.
"Safety and comfort were the main areas on which the minister has focused," Assocham President RN Dhoot said.
First Published: Mar 14, 2012 16:25 IST