Monday, February 25, 2013

Will it be a Aam Admi Rail Budget?


There are hopes that there would be some increase in ticket prices and freight prices. But there is also a fear that the budget would be populist. Indian Railway Minister Pawan Kumar Bansal is likely to announce passenger-friendly aam admi Rail Budget 2013 on Tuesday in Parliament. He is likely to announce measures such as improvement in catering service, development of stations and launching of about 75 odd new trains in his maiden budget.

Railways had aimed to mop up an additional revenue of `.6,600 crore but the fuel hike had wiped out `.3,300 crore. All eyes will be on Railway Minister tommorrow on whether he will hike passenger fares yet again or looks at other measures to mobilise resources to offset the burden of the recent diesel price hike.

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