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Government raises rail passenger fares hiked by 14.2%, freight rates by 6.5%

Government raises rail passenger fares hiked by 14.2%, freight rates by 6.5%

NEW DELHI: Get ready to pay more for train travel. The Narendra Modi government administered its first dose of harsh economic medicine on Friday in the form of a sharp increase in rail fares that could presage a budget that will eschew populism in favour of fiscal consolidation.

While the Opposition protested against such a move weeks before the government is expected to unveil its railway budget, the Modi administration defended itself, saying it was only implementing a decision that  ..

Source : http://economictimes.indiatimes.com/industry/transportation/railways/governemnt-raises-rail-passenger-fares-hiked-by-14-2-freight-rates-by-6-5/articleshow/36890075.cms

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