Railway Ministry is considering to propose a hike in passenger fares in the Rail Budget 2014-15 slated to be presented by Railway Minister Sadananda Gowda in the second week of next month.

"The hike in both pasenger fare and freight rate is inevitable as the financial position of railways is not so good. However, the quantum of hike is yet to be finalised," a senior Railway Ministry official said.

Asked whether the hike will be announced in the Rail Budget, the official said, "One cannot rule out its possibility. But at the same time it is not necessary to announce the hike in the budget only. It could happen before or after the budget also."


For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive