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RAIL FARE SUBSIDY
A Rs 3 hike makes India’s inflation battle somewhat harderIndian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses o...- Railways transformed in a decade, says Ashwini Vaishnaw; bats for ‘performance politics’Railway Minister Ashwini Vaishnaw stated that the Modi government has shifted to performance-based politics, emphasizing significant improv...
- Railways spent 45% in subsidy on passenger travel in 2023-24: GovtIndian Railways subsidized passenger travel with Rs 60,466 crore in FY 2023-24. This covers 45% of the travel cost. Rail fares were rationa...
- 9 lakh seniors give up ticket subsidy in 3 months, Railways saves Rs 40 croreUnder the scheme launched last year, senior citizens had the option to either avail the full concession provided to them on rail tickets or...
- Railways to offer options on senior citizen fare concessionThe Railways bears 43 per cent of the cost of train fare even as the state-run transporter incurs a loss of about Rs 30,000 crore a year in...
- Now, government wants you to give up rail fare subsidyThe railways plans to launch the scheme next month. To begin with, railways will offer two "slabs" of subsidy surrender — 50% and 100% of t...
- Rail ministry mulling ‘give up’ ticket subsidy moveThe move has been suggested by Niti Aayog, the government’s think tank, as part of strategy to reduce the rail network’s huge subsidy burde...
- Rail Budget lays out a clear path for attaining intended targets: Umesh Chowdhary, Titagarh Wagons"What's more important is that Prabhu has also walked the talk, in the sense that he has set himself timelines to achieve those objectives."
- Rail stocks lose steam, fall up to 6% as Budget closes inRail stocks were southbound for the second day in a row on Wednesday, pushed by heavy profit booking ahead of the Railway Budget.
- Railway Budget 2015: No proposal to hike rail fares, says MoS for Railways Manoj SinhaSuresh Prabhu had recently said that reduction in passenger fares is unlikely to happen although diesel prices have come down.
- Rail Budget 2014 indicates 'subsidy raj' coming to an endLinking of periodic revision of passenger fare and freight rates fixes the fundamental problem at the heart of wrecked finances.
- Delhi Congress to gherao Parliament on MondayUnder the leadership of Arvinder Singh, the demonstrators will assemble at Jantar Mantar before marching toward the Parliament House.
- Gradually hiking rail fare politically acceptableInstead of routinely courting populism and keeping the tariffs unrevised for years, we need a far more gradual increase in fares.
- Rail Budget 2014: Hiking fares alone won’t suffice; invest in infra, focus on project completionThe move by the Narendra Modi-led government last week to raise passenger fares was met by sharp protests, especially from Mumbai commuters.
- Mamata Banerjee demands roll-back of rail fare hikeShe said if the political parties had plans to take such harsh decisions, they should tell the masses that they would take such decisions.
- Rail freight hike to push fertiliser subsidy by Rs 200 crore"With this latest hike of rail freight, the fertiliser subsidy bill is estimated to increase by about Rs 200 crore," FAI Director General S...
- Rail Budget 2014: Cash-strapped railways likely to hike faresRailways may soon announce a hike in passenger fares. However, the timing of announcing the revision in fares is still not decided.
- No further hike in train reservation, cancellation chargesRailway Minister Pawan Kumar Bansal today made it clear that there will be no further hike in the near future in reservation or cancellatio...
- Railways not to impose service tax from July 1: Mukul RoyRoy said he was confident the Prime Minister would realise the situation and not introduce service tax on passenger fare and frieght traffi...
- AC, first class rail fares may rise from JulyThe fare hike looks imminent as Railways could ill-afford to absorb the additional burden of Rs 5,500 to Rs 6,000 crore given its financial...
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