The announcement of fare hike is unlikely to feature in the Budget speech. The railways is likely to increase fares of its highly subsidised passenger segment, especially the non-AC classes in 2017-18.
This was the third major derailment in a little over two months. On November 10 last year, 14 coaches of the Indore-Patna Express derailed at Pukhrayan, 60 km from Kanpur, resulting in at least 150 deaths.
The total expenditure incurred in the 24 main plan heads that signify actual asset creation in Railways during a particular year, the expenditure, so far, is just about Rs 600 crore more than last year’s figures.
Arguing their case, the Confederation of Civil Service Associations has added to the petition a record of how the number of non-IAS Group A Service officers posted as Secretaries has declined over the years.
After PM's latest announcement, loans of up to Rs 9 lakh and Rs 12 lakh will now get interest subvention of 4% and 3%, respectively, against initial scheme providing loans of up to Rs 6 lakh at subsidised rate of 6.5%
In the monthly Pragati meeting of video-conferencing between the Prime Minister, chief secretaries and union secretaries of infrastructure sectors, the Railways listed the item in November and presented the facts.