Press Esc to close
Wednesday 22 October 2014
News updated at 2:29 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day
Breaking News

Rail fare hike proposal under examination: Kharge

New Delhi, Oct 3, 2013 (PTI)
Railway Minister Mallikarjun Kharge

A proposal to increase rail fare is under examination and a decision will be taken shortly, Railway Minister Mallikarjun Kharge today said.

"Fuel adjustment component (FAC) was announced in the budget and as per the budget proposal it should have been implemented from October 1. The file containing the FAC proposal has come to me and I am examining it and a decision will be taken shortly," Kharge said at the sidelines of a function here.

To repeated queries whether there will be a FAC-linked revision in passenger and freight tariff in near future to reduce the losses in passenger segment, Kharge did not rule out the possibility of any increase and only said, "I am examining it. As soon as we arrive at some conclusions, then we will decide on it."


According to the budget proposal, the fuel component is segregated from tariff as FAC. Railways is expected to revise the passenger and freight tariff in every six-month after taking into account the input cost and the prevailing market condition.

According to the calculation, railways will have to bear a burden of Rs 1,200 crore due to increased energy and input cost in the next six month. The cross-subsidy for passenger service is currently touching Rs 26,000 crore in a year.

The then Railway Minister Pawan Kumar Bansal had announced the implementation of FAC-linked revision in only freight tariff from April 1. As regards to passenger fare, since it was revised only in January this year, it was not touched then.

Railways had decided not to pass the additional burden of Rs 850 crore because of the fuel hike to the passengers and absorbed it then.

Railways has imposed 15 per cent levy as the busy season charge on all commodities from October 1.

Go to Top

Photo Gallery
A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

A huge rangoli in front of Swaminarayan Temple...

A huge rangoli in front of Swaminarayan Temple...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

TRS activists set affire chairs at the TDP office in Nalgonda...

TRS activists set affire chairs at the TDP office in Nalgonda...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523