Roy rolls back Trivedi

Not surprisingly, given Trinamool chief Mamata Banerjee’s strident opposition to it, Dinesh Trivedi’s mildly reformist budget has been completely rolled back. To begin with, other than AC first-class and AC two-tier fares, the new railway minister Mukul Roy has rolled back all of Trivedi’s fare hikes. Since the railways never lost any money on these two classes of travel, the rollback means it will continue to make losses—the annual loss on passenger services is in the region of R15,000 crore. 

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