Home  |  Advertise  |  Contact Us
2:11 pm - Saturday September 23, 1939

Decision on fare hike, FDI in rail sector soon: Gowda

gowdaAgencies, New Delhi
A decision on hiking passenger fares and on allowing foreign direct investment in railways is likely to be taken before the Rail Budget, the government said.

A discussion on these matters is already on and a decision regarding them will be taken shortly, Railway Minister Sadananda Gowda said.
“We are discussing the matter and, within three-four days, will come to a conclusion (regarding the possible fare hike),” Gowda said on the sidelines of a conference of senior railway officials in New Delhi.

He is likely to meet Prime Minister Narendra Modi in a day or two to discuss the fare hike issue.

Faced with an acute cash crunch, the Railway Board has proposed a 14.2 per cent hike in passenger fares along with a 6.5 per cent increase in freight rates.

Posted in: Featured, Nation

You might like:

ISRO successfully fires main  liquid engine on MoM ISRO successfully fires main liquid engine on MoM
BJP says no to Shiv Sena offer of 119 seats in Mah Assy polls BJP says no to Shiv Sena offer of 119 seats in Mah Assy polls
Patriotism of Indian Muslims cannot be questioned: Modi Patriotism of Indian Muslims cannot be questioned: Modi
Modi tells Xi to stop incursions; for early clarification of LAC Modi tells Xi to stop incursions; for early clarification of LAC