New Delhi, Jan 9 (Reuters) - The Indian government announced
on Wednesday an increase in railway fares for passengers, the
first upward revision in nine years, which will help generate 66
billion rupees ($1.20 billion) for the cash-strapped railways.
The fare hike will be effective from Jan. 21.
Last year in March, the government was forced to roll back
the first fare hike in eight years, which was aimed at shoring
up the finances of a rail network whose dysfunction has become a
major drag on the economy.
($1 = 55.0700 Indian rupees)
(Reporting by Satarupa Bhattacharjya; Editing by Prateek