The newly elected Railway Minister Mukul Roy on Thursday, Mar 22 rolled back the passenger fare hike announced by Dinesh Trivedi in the Rail Budget last week.
Earlier, by presenting railway budget Trivedi had said that he pulled the Indian Railways out of Intensive Care Unit by increasing passanger fare. Morover, he had revealed that it would have been difficult to pay staff salaries if railways don't raise fares.
The ailing Indian railways has been losing thousands of crores every year in subsidizing passenger fare which has not been touched since 2002-03.
Meanwhile, Mukul Roy did not change the fare hike of 15 paise per km for AC 2-tier and 30 paise per km for AC I announced by his predecessor Dinesh Trivedi in the Railway Budget.
Dinesh Trivedi, who served as Railway Minister for eight months, resigned on Sunday, Mar 18 after TMC supremo Mamata Banerjee disagreed with rail fare hike in the budget.