Friday, November 30, 2012

Passenger fare hike hinted: Railway Minister
SME News, Friday, Nov 30, 2012 

NEW DELHI: Union Railway Minister Pawan Kumar Bansal has indicated towards a raise in passenger fare as he asked Member of Parliament to be 'realistic' if they want the Railways to go forward.

Bansal added, “All that I would like to say is that I would expect the House to be realistic. If we want to move forward; if we want the Railways to serve the country as it was mandated to; if we want the Railways to contribute, as we say, about 1.5 to 2 percentage points to the GDP growth of the country and be a veritable engine of growth; I think I have to come up sometime and then I would solicit the support of the House at an appropriate time.” This statement came while he was replying to a query from Trinamool member Saugata Ray on passenger fare hike.

He stated that the implementation of different safety steps would lead to an expenditure of Rs 1 lakh crore in the coming five-year period.
The projects worth Rs 4 lakh crore was delayed for quite a few years.


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