A farewell to subsidies: Railways to set up an independent agency to look after fares
Advertisement
Advertisement
Advertisement
If all goes well, there would be no passenger subsidies in the An official of the railways has said that the Prime Minister and his office is aware of it and is supportive of this agency.
Fixing fares has always been a walking on rope for ministers of different tenures because it’s through the railways they earned the extra political mileage of appeasing the voters. If this committee is approved, passenger fares wouldn’t be a decisive matter for the minster. Regardless of whoever runs the ministry, the separate committee will decide on fare.
The first milestone of reform in the railways was brought by railway minister
"The proposed authority would be free to recommend fares and freight rates. It would rationalise the entire fare structure for the railways. It would be a big transformational change for the organisation. We will keep rationalising fare as per the market demand,"
Advertisement
- Muslims up, Hindus down: What’s the larger picture behind India’s religious population trends?
- Scooch over magic mushrooms, toad venom could be the next big psychedelic for depression and anxiety!
- TBO Tek IPO allotment – How to check allotment, GMP, listing date and more
- RBI likely to transfer ₹1 trillion to government in FY25
- India's forex reserves jump by USD 3.66 bn to USD 641.59 bn: RBI
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market