Press Esc to close
Monday 20 February 2017
News updated at 11:43 PM IST
Weather
Max: 31.8°C
Min : 16.8°C
In Bengaluru
clear sky

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
Team India A during a practice session...

Team India A during a practice session...

Irate mob torched Melchhamunda police station in Bargarh district...

Irate mob torched Melchhamunda police station in Bargarh district...

People from Maharashtra celebrate Chhatrapati Shivaji...

People from Maharashtra celebrate Chhatrapati Shivaji...

A boy takes a selfie with Pope Francis, during a visit to the parish of Santa Maria...

A boy takes a selfie with Pope Francis, during a visit to the parish of Santa Maria...

Bollywood Actor Siddharth Malhotra with social Activist Smita Thackeray during...

Bollywood Actor Siddharth Malhotra with social Activist Smita Thackeray during...

Actor Mammootty speaking in solidarity with the actress, who was....

Actor Mammootty speaking in solidarity with the actress, who was....

Vice President Hamid Ansari pose with children during....

Vice President Hamid Ansari pose with children during....

Theater Person Lakshmi Chandrashekar in an interview to Prajavani Metro for ' Naa Kanda...

Theater Person Lakshmi Chandrashekar in an interview to Prajavani Metro for ' Naa Kanda...

A n aircraft take off in a backdrop of sun set on the last day of the 11th biennial edition...

A n aircraft take off in a backdrop of sun set on the last day of the 11th biennial edition...

A Truck caught fire , at Road in Tinsukia, Assam on Saturday...

A Truck caught fire , at Road in Tinsukia, Assam on Saturday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523