Amid freedom to Oil Corporation over Diesel price hike seems to put pressure on Railways which raises the chances of further hike rail tariffs in upcoming Rail Budget 2013-14.
There are no reports whether the increase will be effective only on the freight segment or passenger segment.
Wait is of Railway Minister P K Bansal’s move in the Rail Budget for the announcement of a rate hike that could come as fortnightly or monthly with movement in retail prices.
Despite Inflation, the hike in diesel price is the major cause of hike in freight rate to ease the affect of OMC hike move.
Rail Budget 2013-14 scheduled on February 26 is likely to come with a slew of schemes to attract goods loading business. Even Rail agenda includes establishment of new stations along with 100 new trains and Rs. 1,000 crore MEMU (Mainline Electric Multiple Unit) coach factory in Rajasthan, reports said.
Mr. Bansal who assured that all pros and corns being taken under way to make rail fare rate competitive, is likely to announce the proposal of procurement of two high-speed self-propelled accident relief trains (SPART) in wake to reduce accidents.
