Government partially rolls back steep railway fare hike

Tags: News
The government has partially rolled back a steep hike in rail passenger fares announced last week after protests from allies, saying there will be no increase in fares for many city commuters.

While only affecting a fraction of the train journeys, the rollback underscores the difficulty of tackling India's heavy subsidy bill. The move announced late on Tuesday follows an average across the board increase of 14.2 percent to fares announced by the railways ministry on Friday.

India's railway network is one of the world's largest, but years of low investment and populist policies to subsidise fares at affordable levels have crimped growth in new lines and hindered private investment.

EDITORIAL OF THE DAY

  • The Muslim Personal Law Application Act needs an overhaul

    Triple talaq or khola as means to divorce or dissolve one’s marriage in the Muslim community is unacceptable, as the Allahabad High Court judgment s

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> THE GREAT GAMBLE

Finance it is said is merely a gun, politics is ...

Ananda Majumdar

<b>Ruminations:</b> BJP looks beyond muscular strategy

Gradually a new strategy for political management has been established ...

BK Chaturvedi

Committed, yet miles to go

Swachh Bharat is a mission to which everyone is committed. ...