Government must act with alacrity to revive the railways

July 07, 2014 12:31

The latest debate surrounding the government's decision to hike passenger fares and freight charges for the railways has dragged a skeleton out of the closet, making the country turn white with fear. As any undergraduate student of economics should be able to explain, the price of a commodity is the sum total of payments needed to induce service providers to transform the raw materials they have paid for into final products meant for different uses. Read

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