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Mumbai: Railways rue loss of revenue with fare rollback

<p>Both Central and Western railways have had to revise their expected earnings after the railway ministry announced that the suburban rail fares wouldn&rsquo;t be hiked steeply</p>

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While there is a sigh of relief among commuters regarding the rollback of the fare hike, railway authorities are none too pleased at having to miss out on a huge chunk of potential revenue that they could have raked in. Officials computed the tentative fares yesterday (see box); these fares will be applicable from June 28 in the ticketing systems for suburban trains.

Loss of revenue
Speaking to mid-day, many railway officials couldn’t hide their disappointment at the government’s decision to roll back the earlier fares which had caused chaos in the city. “Our expected earnings will drop now that the hike has been rolled back,” said a Western Railway (WR) official, on condition of anonymity.

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