Railways hiked fares up to 4 paisa/km, it will compensate barely 5% of Rs 55000 crore losses: Goyal
New Delhi: Indian Railways has made a "miniscule" hike in fares of up to 4 paisa per km that will barely compensate 5 per cent of the Rs 55,000-crore losses incurred during the year, Railways Minister Piyush Goyal said in Rajya Sabha on Friday.
Railways hiked passenger fares with effect from January 1 this year.
"As against Rs 8,000 crore which was the loss on passenger services in 2004, in the current period we are losing about Rs 55,000 crore on passenger services provided throughout the country. However, passenger fare increase is a very sensitive subject.... A very nominal increase was done," Goyal said replying to a query during Question Hour.
He said while there is no increase in fares in suburban services. In case of non-suburban services, a nominal increase of one paisa per km has been done and in case of non-AC and AC classes in Mail amd Express trains, the fare has been increased by two paisa per km and 4 paisa per km respectively.
"Costs keep going up. In fact after (implementation of) the 7th Pay Commission, costs have gone up drastically and therefore there is a... miniscule increase. Considering the cost and losses of Rs 55,000 crore, this will barely compensate 5 per cent of Rs 55,000 crore over the whole year," the minister said.
He said as against the current Rs 55,000 crore losses, Indian Railways suffered Rs 8,000 crore losses in 2004.
Terming price increase a sensitive matter, Goyal said, "This is a drop in the ocean towards making railways self- sufficient. Otherwise it will be impossible to improve or provide the services."
Goyal said Indian Railways has been continuously upgrading its services and facilities and during the last 5.5 years, it has undergone significant improvement in level of services, punctuality, cleanliness of stations, safety track record and the replacement of old and worn out equipment.
"Due to all these measures while on the one hand we are improving the railways operations and its passenger services, there is obviously a huge cost element," he said.
Goyal said there is no increase in suburban fare and the passenger segment of it comprised about 66 per cent of total number of passengers.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Belagavi youth’s murder case projected as road accident, cracked in Uttara Kannada; Three arrested
Karwar: Uttara Kannada police have cracked a murder case in which a Belagavi youth was killed and his body burnt inside a car to make it appear like a road accident.
Addressing a press meet in the city, Superintendent of Police Deepan M.N. said three accused from Old Hubballi have been arrested in connection with the case. The crime was a pre-planned act driven by personal enmity, he said.
The case came to light on April 8 morning when a car (KA-04/MJ-8996) was found completely burnt in a roadside ditch near Talekumbri bus stand in Yellapur. Only charred human remains were found inside the vehicle. Initially, it was suspected to be an accident caused by overspeeding, and a case was registered at Yellapur police station based on a complaint filed by the deceased’s father, Jagannath Dhapale.
However, the father later expressed suspicion that his son’s death was not accidental, prompting a detailed investigation.
Taking the matter seriously, two special teams were formed under the leadership of Yellapur Inspector Ramesh Hanapur. On analysing technical evidence and CCTV footage, police found that it was a planned murder.
The accused have been identified as Abdul Raheem Basheer Ahmed Mujawar (32), Maulasab Bavahan Wada (36) and Dadapeer alias Aftab Mehboob Saab Balasangi (22), all chicken traders from Old Hubballi.
Police have seized the car used in the crime along with two scooters. The accused have been remanded to judicial custody.
Investigations revealed that the accused killed Nitesh Dhapale due to personal enmity and later set the car on fire along with the body to project it as an accident.
SP Deepan M.N. appreciated the efforts of Inspector Ramesh Hanapur, PSIs Rajashekhar Vandali and Siddappa Gudi, and the entire team for solving the complex case.
