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Railway Travelling charges down: mail, express, AC fares by 2%
NEW DELHI: Railway minister Lalu Prasad Yadav, who managed to keep passengers fares in check for the last five years, on Friday presented interim Railway budjet.
Departing from normal practice, Lalu Prasad announced an across-the-board 2% cut in fares of ordinary and AC class.
The interim budget makes no changes in relation to freight rates.
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The interim budget makes no changes in relation to freight rates.
Normally, the interim budgets do not carry any financial proposals in view of the fact that it is a vote-on-account ahead of the general elections.
Recalling that he had decided to reduce the second class fares of all mail, express and ordinary trains by 5% for tickets above Rs 50 last year, Prasad said respecting the aspirations of the long distance passengers he has decided to reduce the second class and sleeper class fares of all mail and express and ordinary passenger trains by two per cent for the ticket costing more than Rs 50.
He said during the last four years, he had reduced the fares of AC First class by 28% and AC II tier by 20%.
Even as air travel is reportedly reflecting reduction in number of passengers due to economic slowdown, there has been a significant increase in the number of passengers of these classes on the Railways.
"Therefore, I have decided to reduce the fares of AC First Class, AC II tier and AC III tier and AC Chair Car by 2%," he said amidst thumping of desks by members of ruling benches in Lok Sabha.
The Minister said since the fare for rail travel for 10 km and below has already been reduced from Rs 4 to Rs 1, this reduction will not be applicable for second class rail journey upto 10 km.
Highlights
-All AC and Mail Express fares cut by 2%
- Freight rates kept unchanged
-Freight has grown at the rate of 8% in the past five years. Freight loading in the current year has come down due to economic downturn, because of which revenue has fallen. Otherwise it would have touched Rs one lakh crore.
- 43 new trains to start in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased.
- Kolkata Metro will be expanded
-Railways cash reserves touched Rs 90, 000 crore
-Railways have raised $100 million at 4% interest
- Railways expected to show a surplus of Rs 18,847 crore in the next fiscal.
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month
- Railway line between Anantnag and Rajwansher in Kashmir valley will be extended to Qazigund in four months
-4 call centres set up for railway enquiry
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Decrease in the number of accidents in Railways since 2003
-Passenger volume likely to grow by around 7% over previous year
- Estimated freight earnings for next fiscal pegged at Rs 59,059 crore
Recalling that he had decided to reduce the second class fares of all mail, express and ordinary trains by 5% for tickets above Rs 50 last year, Prasad said respecting the aspirations of the long distance passengers he has decided to reduce the second class and sleeper class fares of all mail and express and ordinary passenger trains by two per cent for the ticket costing more than Rs 50.
He said during the last four years, he had reduced the fares of AC First class by 28% and AC II tier by 20%.
Even as air travel is reportedly reflecting reduction in number of passengers due to economic slowdown, there has been a significant increase in the number of passengers of these classes on the Railways.
"Therefore, I have decided to reduce the fares of AC First Class, AC II tier and AC III tier and AC Chair Car by 2%," he said amidst thumping of desks by members of ruling benches in Lok Sabha.
The Minister said since the fare for rail travel for 10 km and below has already been reduced from Rs 4 to Rs 1, this reduction will not be applicable for second class rail journey upto 10 km.
Highlights
-All AC and Mail Express fares cut by 2%
- Freight rates kept unchanged
-Freight has grown at the rate of 8% in the past five years. Freight loading in the current year has come down due to economic downturn, because of which revenue has fallen. Otherwise it would have touched Rs one lakh crore.
- 43 new trains to start in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased.
- Kolkata Metro will be expanded
-Railways cash reserves touched Rs 90, 000 crore
-Railways have raised $100 million at 4% interest
- Railways expected to show a surplus of Rs 18,847 crore in the next fiscal.
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month
- Railway line between Anantnag and Rajwansher in Kashmir valley will be extended to Qazigund in four months
-4 call centres set up for railway enquiry
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Decrease in the number of accidents in Railways since 2003
-Passenger volume likely to grow by around 7% over previous year
- Estimated freight earnings for next fiscal pegged at Rs 59,059 crore
Google Internet Bus Comes to India
Google now aims to educate Indians about power of Internet with its 'Internet Bus'. The Internet-enabled bus will focus on the four themes - education, information, communication, and entertainment. It will be loaded with useful and informative content in English and Tamil. Google said it will showcase how the Internet can make everyday life simple through services like search, email, social networking, maps and others.
The bus project took off from Chennai yesterday and will reach Vellore tomorrow and will cover numerous cities in Tamil Nadu over the next month and a half. You can visit the Internet Bus Project website to see when the bus will visit your city; get regular updates. You can also check out photos and videos as Google travels around Tamil Nadu.Here is the schedule that the Google Internet Bus will follow:February03 Feb Chennai05 Feb Vellore06 Feb Krishnagiri07 Feb Salem11 Feb Erode12 Feb Tiruppur14 Feb Coimbatore18 Feb Dindigul19 Feb Madurai23 Feb Tirunelveli25 Feb Nagercoil27 Feb Tuticorin March02 Mar Pudukkottai03 Mar Tiruchirappalli06 Mar Thanjavur08 Mar Kumbakonam10 Mar Neyveli12 Mar Cuddalore13 Mar Tiruvannamalai
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The bus project took off from Chennai yesterday and will reach Vellore tomorrow and will cover numerous cities in Tamil Nadu over the next month and a half. You can visit the Internet Bus Project website to see when the bus will visit your city; get regular updates. You can also check out photos and videos as Google travels around Tamil Nadu.Here is the schedule that the Google Internet Bus will follow:February03 Feb Chennai05 Feb Vellore06 Feb Krishnagiri07 Feb Salem11 Feb Erode12 Feb Tiruppur14 Feb Coimbatore18 Feb Dindigul19 Feb Madurai23 Feb Tirunelveli25 Feb Nagercoil27 Feb Tuticorin March02 Mar Pudukkottai03 Mar Tiruchirappalli06 Mar Thanjavur08 Mar Kumbakonam10 Mar Neyveli12 Mar Cuddalore13 Mar Tiruvannamalai
Market Nifty View 04 - Feb - 2009
NIFTY STILL LOOKS IN BEARISH MODE AND FOR Today UPSIDE RANGE CAN BE AT 2828-2845 AND DOWNISIDE AT 2745 LEVELS...A CLOSE ABOVE 2828 IS IMP FOR SOME UPSIDE IN THE COMING DAYS... READMORE...
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