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Railways will have to hike fares to meet revenue target: Report

Even though Railway Minister Suresh Prabhu did not propose a passenger fare hike in the budget today, one should expect the politically difficult decision to be taken during the year to meet the revenue target, rating agency India Ratings said

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Union Minister for Railways Suresh Prabhu presenting the rail budget 2016-17 in the Lok Sabha in New Delhi on Thursday.

Union Minister for Railways Suresh Prabhu presenting the rail budget 2016-17 in the Lok Sabha in New Delhi on Thursday.

Mumbai: Even though Railway Minister Suresh Prabhu did not propose a passenger fare hike in the budget today, one should expect the politically difficult decision to be taken during the year to meet the revenue target, rating agency India Ratings said.

Suresh Prabhu
Union Minister for Railways Suresh Prabhu presenting the rail budget 2016-17 in the Lok Sabha in New Delhi on Thursday. PTI

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