More trains, new lines: What to expect in the rail budget

Facing a revenue shortfall, Kharge may not bring about a reduction in basic passenger fares although he is likely to make changes in the fuel adjustment component so that its impact on ticket prices is minimum.

hidden February 12, 2014 09:40:15 IST
More trains, new lines: What to expect in the rail budget

New Delhi: Busy giving finishing touches to the interim rail budget, Railway Minister Mallikarjun Kharge was today tight-lipped about the likely contours of the document which he is to present on Wednesday in Parliament.

"You will come to know tomorrow," was his response to repeated queries on whether it would be a passenger-friendly budget with a possible cut in fares.

More trains new lines What to expect in the rail budget

Budget time. AFP

The interim budget will be his maiden one and Kharge would be hard-pressed to reach out to all sections with populist measures in an election year.

Facing a revenue shortfall, Kharge may not bring about a reduction in basic passenger fares although he is likely to make changes in the fuel adjustment component so that its impact on ticket prices is minimum.

He is likely to announce more trains, new lines and better passenger amenities in the interim budget. The emphasis will be on introducing premium trains on 20 high-passenger density routes.

Encouraged by the success of the New Delhi-Mumbai AC premier train, for which fares were charged under a dynamic structure, the minister may announce as many as two dozen premier trains.

The Mumbai premier train fetched railways about 35 percent more revenue than the regular Mumbai Rajdhani.

Kharge could also announce semi-high speed trains on the busy Delhi-Mumbai corridor, the survey work for which has been carried out jointly with Japan.

The interim budget is expected to lay a thrust on the completion of the pending projects which are deemed viable.

PTI

Updated Date:

also read

New India’s five big, surprising trends and what they mean
India

New India’s five big, surprising trends and what they mean

These trends go much beyond economic growth. They signal a civilisational revival, a great rise encompassing the social, cultural, financial and military.

Cryptos can lead to dollarisation of economy: RBI officials to par panel
Business

Cryptos can lead to dollarisation of economy: RBI officials to par panel

There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion

All aboard the 18-day, 8,000 km Ramayana Train: What you need to know about it
India

All aboard the 18-day, 8,000 km Ramayana Train: What you need to know about it

The train, named ‘Bharat Gaurav Tourist Train’, has been launched to promote domestic tourism and will cover prominent places associated with the life of Lord Ram, including Ram Janmbhoomi in Ayodhya and the famous Ram-Janaki temple in Nepal's Janakpur