According to Kotla Suryaprakasha Reddy, it is necessary to increase the train fares as financial position of the Railways is not sound and there is a proposal to increase it in next railway budget
Visakhapatnam: Train fares might go up next year as an increase has become necessary to meet the financial situation of the Indian Railways which was "not sound", Union Minister of State for Railways Kotla Suryaprakasha Reddy said, reports PTI.
"It is necessary to increase the train fares as the financial position of the Railways is not sound. It is essential to raise the fares to take up developmental activities and provide amenities to commuters," he said.
Reddy was addressing a gathering after flagging off Visakhapatnam-Chennai and Visakhapatnam-Shirdi weekly express trains here Saturday.
He said commuters should appreciate this fact.
Later, talking to reporters at Rajahmundry, Reddy said there was a proposal to increase the rail fares in the next railway budget.
He also said Indian trains were the cheapest transport facility in the world and at the same time the number of mishaps on the tracks was very low.
Rs25,000 crore worth railway projects were pending in Andhra Pradesh, he said, adding, it would take some time to clear them because of financial constraints.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
