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News Entry# 288421
Dec 12 2016 (18:54)  HEADLINES Train ticket hike on cards (
News Entry# 288421     
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New Delhi: Passengers may soon pay more for their train ticket for a safe journey. After Union finance ministry rejected a special safety fund proposed by Railway minister, now Indian railways are planning to begin a fund collection campaign for a safe railway journey. The preparation has reached the last phase.
Railways aim to collect funds in New Year by increasing fares. Earlier, finance ministry had rejected Railways’ proposal of a safety fund owing to financial burden in the budget. Railway minister Suresh Prabhu had written a letter to the finance ministry seeking Rs 1,19,183 crore to create the special Rashtriya Rail Sanraksha Kosh for undertaking various safety works.
proposal said that 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.
As per sources, finance ministry agreed to provide only 25% of the required fund and suggested that railways collect 75% resources itself for the special safety fund. This will lead to hike in train ticket.
According to the plan, the cess on sleeper, second class and AC-3 tiers will be higher while it will be marginal for AC-2 and AC-1. A final decision on raising fares will be taken by railway ministry.
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