New Delhi: Now be ready to search your good days as it was displayed by the BJP during its election campaign as government has indicated a whopping 14.2 per cent hike in railway fares.
Now people should be ready pay more for train travel. The Narendra Modi government administered its first dose of harsh economic medicine on Friday. Certainly it will be a major setback for the expectations of the people as the sharp increase in rail fares that could presage a budget that will eschew populism in favour of fiscal consolidation.
However it has provided a opportunity for the opposition and it has protested against such a move weeks before the government is expected to unveil its railway budget.
The Modi government has introduced a whopping 14.2 per cent hike in railway fares. Passenger traffic is being majorly cross subsidised by freight services. Earlier Modi has indicated some of harsh steps for the economy of the country and certainly it will be followed in the coming days.
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