Railway Minister DV Sadananda Gowda today said that the decision on fare hike will be taken in a few days. The remarks came just weeks before the Narendra Modi government will table its maiden Railway Budget.
SADANANDA GOWDA: WILL DECIDE ON RAILWAY FARE HIKE SOON
Â
Even as sources claimed that the Prime Minister was against a sharp rise in passenger rail fares, Gowda today said that the decision in this regard will be taken soon. Holding a meeting of General Managers of Railway and various Public Sector Units today, Gowda added that the ministry will be discussing Foreign Direct Investment (FDI) in Railway with the Commerce Ministry.
Â
The UPA government had left passenger fares unchanged in the interim Railway Budget in February, however, the new NDA government is likely to increase the fares of AC 1st class and 2nd AC. A marginal increase in freight fares is expected of up to 5 per cent. The decision will be taken within 3-4 days.
