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.
As many as 365 cases of crime committed against foreigners were registered in India in 2015, reveals the latest report by national crime records bureau (NCRB). Of these, 271 cases were registered as crime against foreign tourists. Delhi witnessed the highest number of cases at 147, followed
The ministry of road transport and highways issued a gazette notification on Wednesday that serves to free e-rickshaws and e-carts from permit requirements. According to the notification, the provisions of the sub-section (1) of section 66 of the Motor Vehicles Act, 1988 will n
On October 16, the supreme court quashed the National Judicial Appointments Commission (NJAC) Act but set the ground for reform in the judiciary-led collegium system of appointment of judges. Though the question as to who enjoyed primacy in the appointment of judges stood answe
State-owned Indian Oil Corporation (IOC) has announced bonus shares as its first-quarter net profit jumped 25 percent to Rs 8,268.98 crore. The board of directors has approved the bonus share in the ratio of 1:1. It means the company will issue one equity share of Rs 10 each for every fully
Giving support to farmers of Saurashtra, Gujarat, prime minister Narendra Modi inaugurated the first phase of the Saurashtra Narmada Avatarana Irrigation Yojana (SAUNI) project on Tuesday at Aji III dam in Rajkot. It aims to provide water to the parched zones of the region for irrigation purposes.
Do you think all states will ratify the GST bill?