Fare Hike

THE HINDU  TODAY'S PAPER     NEW DELHI, Dec 24, 2012

RAILFARE

PTI

RAILWAYS TO HIKE PASSENGER FARE BY 5 TO 10 PAISE PER KM

Faced with mounting deficit of over Rs 20,000 crore in the passenger segment, Railways is keen on raising passenger fares between 5—10 paise per km in the coming months to generate about Rs 4,000 crore revenue.

Reviewing the performance of Railways, the Prime Minister’s Office has asked the Chairman Railway Board to finalise and submit its recommendations on the constitution of proposed Rail Tariff Authority (RTA) by December 31.PTI