6th Pay News
Rlys plans to lower passenger subsidy
The railways is contemplating to pare about Rs 20,000 crore passenger subsidy by approximately Rs 4,000 crore annually over the next five years. The move, if implemented, will be indicative of a new phase where the railways will be following a scientific mechanism of determining passenger fares and services according to market dynamics.
The railways have not raised passenger fares for the last eight
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