Railways to hike passenger fares

The Railways facing a mounting deficit of over Rs 20,000 crore in the passenger segment. The railways is keen on hiking passenger fares between 5-10 paise per km in the coming months to generate about Rs 4,000-crore revenue. The hike could come close on the heels of railways finalising the broader contours of the proposed Rail Tariff Authority (RTA), which would be placed before Cabinet in January.
The passenger fares should be hiked by 5 paise to 10 paise per km in the Rail Budget (2013-14).

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