News Super Search
Posting Date From:
Posting Date To:
IR Press Release:

Full Site Search
Wed Jan 24, 2018 05:59:14 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
Wed Jan 24, 2018 05:59:14 IST
Advanced Search
Trains in the News    Stations in the News   
<<prev entry    next entry>>
News Entry# 289099
Dec 19 2016 (18:03)  Seprate entity for passenger fares and freight rates (
back to top
IR Affairs

News Entry# 289099     
   Past Edits
This is a new feature showing past edits to this News Post.
Mumbai: Months after merger of Rail Budget with the General Budget was announced, the rail ministry on Monday revealed it was planning a separate entity that would fix passenger fares and freight rates in future.
The proposal for setting up the unit is likely to be sent soon to the Union Cabinet for approval, the rail ministry informed.
Media reports said that rail minister Suresh Prabhu has already taken up the proposal with Prime Minister Narendra Modi who, according to the reports, has given green signal for it.
separate authority is expected to streamline the entire process of fixing passenger fares and freight charges as the present set-up is cause of huge burden on rail finances.
Indian Railways incurs a whopping Rs 33,000 crore towards paying subsidy on passenger fares.
Scroll to Top
Scroll to Bottom

Go to Mobile site
Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.