Government partially rolls back steep railway fare hike
Jun 25 2014 , Mumbai
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.