|
|
|
|
|
6th Rajabul Murajab 1436 | Sunday, Apr 26, 2015
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

BJP completes 6 months in Haryana govt, sa...

The state government has worked in "double shifts" and has accomplished what can be achieved in a year, senior minister O P Dhankar said on ...

Cyber crime in Faridabad: Businessman robb...

In a case of cyber crime, a businessman was robbed of more than Rs 10 lakh from his bank account here, police said on Sunday. Janak Raj J ...

Sreedharan presents DPR on Vijayawada Metr...

Delhi Metro Rail Corporation's (DMRC) principal advisor E. Sreedharan on Sunday presented the detailed project report (DPR) on Vijayawada Me ...

Related News

Yes Bank opens representative office in Abu Dhabi

Private sector Yes Bank today launched a representative office in UAE, which marks the maiden foray ...

Hindujas displaced from top spot of Britain's rich list

NRI industrialists Hinduja brothers have been displaced as Britain's wealthiest family on a rich lis ...

Railways in existential crisis but no stock market route: Suresh Prabhu

Railways is facing an "existential crisis" because it was systematically ignored for long by favouri ...

Post new comment

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

Rs. 26460 (Per 10g)

Opinion Poll
Should media and the government leave Rahul Gandhi alone on his comeback from sabbatical?
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