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Rail Budget 2016 passenger fare hike: Suresh Prabhu, in his Railway Budget speech on Thursday, didn’t announce any increase in fares, but he seems to have factored in a steep 12% average hike in non-suburban passenger fares, going by the Budget papers, reports Bilal Abdi in New Delhi. And this needs to be effected soon to achieve the projected 12% growth in passenger receipts to Rs 51,012 crore. (Image Source: AP)
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Budget 2016: Prabhu said that the Rail Budget reflects the aspirations of the common people of India and it is inspired by Prime Minister Narendra Modi's vision to make railways the backbone of India's progress and economic development. (AP)
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Rail Budget 2016 passenger fare hike: However, at a time when the national behemoth is witnessing a fall in passenger traffic since FY15, the prudence of the hike comes in question. Even after renewed focus on passenger amenities, the passenger volume in FY16 is estimated at 810 crore, 1.5% less than last year. (Image Source: AP)
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Rail Budget 2016 passenger fare hike: The passenger volume was 840 core in FY14. Railways has budgeted passenger numbers at 8.18 billion for FY17. Passenger bookings in suburban and non-suburban sectors also saw a decline of around 2.1% in FY15 and 1.5% in FY16. (Image Source: AP)
Perplexity CEO Aravind Srinivas congratulates Sridhar Vembu as Arattai jumps from 3,000 to 350,000 sign-ups within days of its launch
