Thursday, February 13, 2014

Railway Budget : Passenger fares and freight rates untouched

Presenting the  Railway Budget, Railway Minister Mallikarjun Kharge   announced the launch of 17 new premium trains, 39 express trains and ten passenger trains in the coming year and providing rail connectivity to Katra and Vaishnodevi in Jammu and Kashmir, and Meghalaya and Arunachal Pradesh in the Northeast.

Independent Rail Tariff Authority will be  set up to rationalise fares and there was a proposal to expand dynamic pricing of tickets in line with the airline industry.

Passenger fares and freight rates untouched.

Annual Rail Plan has been pegged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore.

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