Train fares set to go up by 20 per cent

January 09, 2013 15:04

Railway Minister Pawan Kumar Bansal is likely to announce a hike of 20 per cent in railway fares and sources said that the government won't wait for the Budget Session to announce it.

A clear indication of the same came from Railway Minister Pawan Kumar Bansal, who told the Times of India recently, "People are ready to pay. After all we have to modernize the railways.

"People also must understand this. We seek there cooperation since there is no increase in passenger fare for last 12 years. Though any increase in fare will pinch, it is obviously, but then we have to be realist in our approach. That is what I appeal to the people

This will be the first fare hike by Indian Railways in the last 10 years.

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