Moneycontrol PRO
HomeNewsBusinessEconomyRailway Budget 2013: No hike in passenger fares

Railway Budget 2013: No hike in passenger fares

India will raise a fuel surcharge of just under 5 percent on railway freight traffic but will not introduce another passenger fare hike, the railway minister said on Tuesday as he presented his ministry's budget to parliament.

February 26, 2013 / 13:54 IST

India will raise a fuel surcharge of just under 5 percent on railway freight traffic but will not introduce another passenger fare hike, the railway minister said on Tuesday as he presented his ministry's budget to parliament.


India's railway network is the world's fourth largest but it has suffered from years of low investment and political meddling. The result is a creaking system plagued by delays, overcrowding and slow freight delivery times that sap the competitiveness of Asia's third-largest economy.

first published: Feb 26, 2013 01:32 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347