Home  |  Advertise  |  Contact Us
8:29 pm - Saturday July 23, 2016

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:

SC slams Rahul for remarks that RSS killed Mahatma Gandhi SC slams Rahul for remarks that RSS killed Mahatma Gandhi
Destroy larvae of dengue-malaria by pouring oil in coolers, stagnant water Destroy larvae of dengue-malaria by pouring oil in coolers, stagnant water
Taiwan bus bursts into flames, killing 26, including 24 tourists from China Taiwan bus bursts into flames, killing 26, including 24 tourists from China
10 CRPF commandos killed in anti-naxal operation in Bihar 10 CRPF commandos killed in anti-naxal operation in Bihar