LS poll effect: Railways to incrase fares by 10 per cent
The Indian Railways has decided to effect passenger fare hike by 10 per cent for all classes of all categories of trains including Passenger Trains.
According to South Western Railway here, the new fares will be effective from May 20. The Ministry of Railways has decided to revise the Passenger Fares as per revised Passenger Fare Table published by Indian Railway Conference Association(IRCA), effective from May 20, a SWR release said here today. Apart from the passenger fare hike, there shall also be Fuel Adjustment Component (FAC) linked revision in the Passenger fare as announced in the Railway Budget 2013-14. The FAC linked revision is applicable to all distance slabs including those which fall within the minimum chargeable distance.
For season ticket holders, Second Class Monthly Season Tickets (MST) fares of Suburban and Non-suburban shall be charged on the basis of 30 single journeys instead of approximately 15 single journeys. Fares of First Class Monthly Season Tickets will be charged at 4 times in Second Class Monthly Season Tickets (MST) Fares as is done presently.
Revised fare shall also be applicable as per the existing method of computation on Quarterly Season Tickets (QST). Half Yearly Season Tickets (HST) and Yearly Season Tickets (YST), etc.
These revisions have been shown in the Season Ticket Fare Tables.
Service tax will continue to be levied as applicable as per instructions issued in this regard. The revised fares will also apply to tickets issued in advance for journeys to commence on or after May 20, the SWR release added.
(Posted on 16-05-2014)