Blog Entry# 2087981
Posted: Dec 11 2016 (22:36)
Last Response: Dec 11 2016 (22:36)
IR AffairsDec 11 2016 (20:34) Hike in fares likely as Railways mulls ways to raise resources
विश्व नाथ*^ 3552 news posts
Railways is mulling increasing fares in a bid to raise resources after the finance ministry rejected its proposal of a special safety fund,Train passengers may have to shell out more as Railways is mulling increasing fares in a bid to raise resources after the finance ministry rejected its proposal of a special safety fund.
According to the proposal, a safety cess will be levied to generate funds for strengthening track and upgrading signalling system and elimination of unmanned level crossings among other safety-related works to prevent mishaps.
Earlier railway minister Suresh Prabhu had...
Dec 11 2016 (22:36)
srinivasvasanthi 3633 blog posts 13 correct pred (50% accurate)
Present NDA government needs lakhs of crores of Rupees for their high level High Tech Contractors for executing High Speed Bullet Corridors etc.
So present fares may be hiked by 20% only ,Even though they need much more money around 200 % increase like SUVITHA fares.
NDA government may be executed so many high tech failure railway projects which cost us by increasing passenger fares and freight charges.
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