19 MPs kill a Budget

The 20 per cent hike in aam admi railway fares was a leap of faith for former railway minister Dinesh Trivedi and a lifeline to the Indian Railways. The logic behind this decade-long overdue hike is that general-class passengers account for 95 per cent of traffic. Without a radical increase in revenue, inefficient IR would merely complete its journey to bankruptcy faster, along an accident-laden track. However, Trivedi’s brave new railway budget is already history, in most of its essentials.

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