Mamata signals a friendly Budget
With West Bengal elections ahead, the Railway Minister, Mamata Banerjee, is unlikely to raise passenger fares today when she presents Rail Budget 2011-12. The Minister on Thursday promised that the budget would be people friendly.
Though she has been under pressure from the Planning Commission to reduce the cross-subsidisation between freight and passenger services by increasing fares at least for upper classes, it may come as no surprise if she announces a fare reduction, even if a token, for some section of passengers.
In the first 10 months of the current fiscal, the Railways registered almost seven per cent hike in freight revenues over the corresponding previous period.
Published Date : Friday, 25/2/2011 1:30 PM IST
Though she has been under pressure from the Planning Commission to reduce the cross-subsidisation between freight and passenger services by increasing fares at least for upper classes, it may come as no surprise if she announces a fare reduction, even if a token, for some section of passengers.
In the first 10 months of the current fiscal, the Railways registered almost seven per cent hike in freight revenues over the corresponding previous period.
Published Date : Friday, 25/2/2011 1:30 PM IST
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