Rail Budget 2016: Will Suresh Prabhu bring cheers to the common man?

Author yuvamind

New Delhi :-Rail Minister suresh Prabhu  on Thursday can face as railway finances in case of increasing the train fairs including freights rates in second rail budget under strong tension.
While the falling revenue collection and increasing demand for funding various capacity discussions projects as well as the requirement for improving passenger services demand increasing fares, a section in Railway Ministry does not favour any such move, saying an increase at this juncture will not be a very good idea as elections are round the corner in four states and diesel price is on the downslide. However, railways have already decided to run as many special trains on higher fares in popular routes catering to the growing demand during festive season, an indirect way of hiking fares. Upgradation of existing coaches with modern facilities and improved interiors are being planned in a big way to run trains on higher fares like the recently launched Mahamana Express between New Delhi and Varanasi. The cross-subsidy from freight to passenger operation has crossed Rs 30,000 cr this year while the Seventh Pay Commission burden is about Rs 32,000 cr. Railways have earned Rs 136,079.26 crore as against the target of Rs 141,416.05 crore during April-January period, a decline of 3.77 per cent. Railways had effected a 14 per cent across-the-board hike in passenger fares in 2014 during the NDA regime and a 10 per cent increase last year. However, despite the grim economic condition, the Railway Budget is expected to focus on massive capacity creation in the rail sector with an increased plan outlay of about Rs 1.25 lakh crore.
SUBSCRIBE YUVAMIND NEWSLETTER
COPYRIGHT © 2024 YUVAMIND. ALL RIGHTS RESERVED. THE LOGOS/IMAGES ARE SHOWN ON THIS WEBSITE BELONG TO THE RESPECTIVE OWNERS / PATNERS.
Disclaimer: Yuvamind doesn't provide admission on its own, the website has published the details are based on research OR provided by the second party to help the aspirants, If you find inappropriate contents on this website please tell us, your suggestions shall be highly appreciated.