FinMin justifies railway fare hike

Posted on Thu , 10 Jan '13

Explaining the reason for the rail price hike Finance Minister P. Chidambaram today stated that the decision was taken keeping in view the poor financial status of the railways ministry. He also said that with an objective to revive the financial slowdown of the country, the government is compelled to hike the passenger fare of Indian Railways. He further added that it was an economic decision that should not be politicized.

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