|
|
|
|
|
27th Muharram 1436 | Saturday, Nov 22, 2014
Business

Rail fares to go up next year: Minister

Sunday, 16 December 2012
Comments(0)
Visakhapatnam, December 16:

Train fares might go up next year as an increase has become necessary to meet the financial situation of the Railways which was "not sound", Minister of State for Railways Kotla Suryaprakasha Reddy said.

"It is necessary to increase the train fares as the financial position of the Railways is not sound. It is essential to raise the fares to take up developmental activities and provide amenities to commuters," he said.

Reddy was addressing a gathering after flagging off Visakhapatnam-Chennai and Visakhapatnam-Shirdi weekly express trains here on Saturday.

He said commuters should appreciate this fact.

Later, talking to reporters at Rajahmundry, Reddy said there was a proposal to increase the rail fares in the next railway budget.

He also said Indian trains were the cheapest transport facility in the world and at the same time the number of mishaps on the tracks was very low.

Rs 25,000 crore worth railway projects were pending in Andhra Pradesh, he said, adding, it would take some time to clear them because of financial constraints.

--PTI

Latest News

Man murdered wife and Daughter on not giving permission for Remarrying

In a gruesome incisent, Abdul a resident of Bennur Village in RR district was arrested by Yalal Po ...

Sharif urges Obama to raise Kashmir issue ...

Pakistan Prime Minister Nawaz Sharif has urged US President Barack Obama to raise the Kashmir issue with the Narendra Modi government when h ...

Red hills turning into a hub of anti-socia...

(Siasat News): The locality of Red Hills was famous for its decency and serenity but of late, it has turned into a hub of cheaters, drunkard ...

Related News

CCI decision on Sun-Ranbaxy deal before month end, says Chawla

Competition Commission is at an "advanced stage" of finalising its decision on the USD 4 billion Sun ...

Gold futures rise to Rs 26,522 per 10 gm

Gold prices rose Rs 59 to Rs 26,522 per 10 grams at the futures trading today as speculators enlarge ...

Alibaba raises $8 billion in bond deal

Chinese e-commerce giant Alibaba raised $8 billion in a bond offering, the Wall Street Journal said. The company anno ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26170 (Per 10g)

Opinion Poll
Don't you think Arshad Ayub should have been made the manager not only for Tests but also ODIs for India's Oz tour?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com