Hike rail fares, power tariff: Panel

A panel on Wednesday recommended raising railway passenger fares and electricity tariff among a string of measures needed to fast track infrastructure development. The panel headed by HDFC chairman Deepak Parekh, which submitted its report to the government on Wednesday, also called for raising the foreign direct investment (FDI) limit in the telecommunications sector to 100% from the current 74%, removing regulatory uncertainties related to allocation , pricing and sharing of spectrum allotted in the past and rationalizing mergers and acquisition policies to facilitate consolidation in the sector.

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