Minister spares passengers of rail fare hike

But levies additional charges on tickets

PTI | February 26, 2013



The Railway Budget for 2013-14 on Tuesday spared passengers from any further hike in fares but raised various other charges on tickets along with freight tariff of less than 5 per cent.

Presenting the Budget in the Lok Sabha, Railway Minister Pawan Kumar Bansal, who had effected an across-the-board hike in passenger fares only last month, said he does not intend to pass on the impact of deregulation of diesel price for now and the Railways will absorb a burden of Rs 850 crore on account of this.

The first Congress minister to present a Railway Budget in 17 years, Bansal adopted Fuel Adjustment Component introduced by former Trinamool Minister Dinesh Trivedi which will be dynamic in nature and change in either direction with revision in fuel cost twice a year.

He said this may result in an upward revision of freight tariff, effective from April 1, this year, by less than 5 per cent.

In his 75-minute speech which was drowned in opposition slogan-shouting towards the end, Bansal said there are a number of supplementary charges which have not been revised for last several years.

"I propose to effect marginal increase in some of these. These include supplementary charge for superfast trains, reservation fee, clerkage charge, cancellation charge and tatkal charge," he said, without specifying the quantum of these charges.

Bansal, however, proposed to abolish the concept of enhanced reservation fee with a view to simplifying the fee structure, having already discontinued development charge in January this year.

In January, the minister effected an across-the-board hike in passenger fares that would net Rs 6,600 crore a year.

However, the subsequent hike in diesel price and electricity charges put an additional burden of Rs 3,300 crore on the railways which is projected to see a loss of Rs 24,600 crore in the current financial year, up from Rs 22,500 crore in 2011-12 in passenger traffic segment.

Comments

 

Other News

High decibel celebration over two years of NaMo government

 The electoral victory in Assam has come just in time for the Narendra Modi government to celebrate its second anniversary with aplomb. “We used to dream of this [forming government in the north east],” said Amit Shah, president, BJP, who had faced barbs and taunts of party men a

On its second anniversary, how do you rate the Modi government on fulfilling the promises and the expectations?

On its second anniversary, how do you rate the Modi government on fulfilling the promises and the expectations? (One is the lowest, five is the best ra

Listen to the rumble in poor’s stomach

The stench is unbearable in the dingy lanes of Sanjay Colony of Okhla, south Delhi, where sunlight barely seeps in. An overflooded drain running along the lanes adds to the distressing picture. The place is just like any other slum colony and is home to more than 7,000 people who earn their livelihood thro

In search of affordable medicines for the poor

A high-level panel hosted by India as part of the BRICS group of countries discussed the issues of trade deals that inhibit access to medicines and also limit policy space for governments to legislate in public interest.  Minister of state for health and family welfare Shripad Naik cal

A unified way of doing banking

The banking coverage might be poor in rural parts but in cities many people have at least two bank accounts. Keeping a tab on them is a hassle. More so, if you are managing them on a smartphone. You would then have multiple apps on your handset, and for any transaction you select one of them and then enter

Lucknow, Ranchi among 13 winners of smart city competition

Urban development ministry has announced the list of 13 cities which have been chosen to be developed under the government’s Smart City plan. The names were shortlisted through a fast tr

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter