|
|
|
|
|
25th Shawwal 1435 | Friday, Aug 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

NATO chief condemns Russian aid convoy entry into Ukraine

NATO Secretary General Anders Fogh Rasmussen Friday condemned the entry of a Russian humanitarian co ...

US targets key financiers of Al Qaeda, Al ...

The US Friday imposed sanctions on two alleged key financiers of al-Nusra Front and Al Qaeda, authorities said. Abdul Mohsen Abdullah Ibr ...

'Iron Man 3' director to make &#...

Shane Black, who directed "Iron Man 3", will now go behind the camera for a movie adaptation of action book series "The Destroyer". He wi ...

Related News

'Labelling Indian companies as cheap creates negative branding'

A German expert Friday said the practice of Indian companies marketing themselves as "low-cost" crea ...

Zomato acquires Czech, Slovakian online food guides for USD 3.25 mn

Zomato has acquired two popular restaurant guides - Czech Republic's Lunchtime.cz and Obedovat.sk of ...

India can increase FII limit in G-Sec: Report

India can easily increase the limits of FIIs in G-Secs by $5-$30 billion to shore up its foreign exc ...

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Rs. 27490 (Per 10g)

Opinion Poll
Do you think KCR would continue celebrating all national events at Golconda Fort beginning from Independence Day?
YesNoCan't say

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

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