Latest news with #MonthlySeasonTicket
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
Railways gave 45% subsidy on passenger travel in FY24, says govt
The Indian Railways provisionally spent ₹60,466 crore in subsidy, 45 per cent of the cost of passenger travel, in the financial year 2023-24, the Centre informed the Lok Sabha on Wednesday. Railway Minister Ashwini Vaishnaw gave the information in response to the questions raised by several MPs on the recent rail fare hike. Vaishnaw said the Indian Railways provides affordable transportation service to more than 720 crore passengers and its fares are among the lowest in the world, even when compared with neighbouring countries. "The total amount of subsidy given in FY 2023-24 on passenger travel is provisionally estimated at ₹60,466 Crore. This amounts to a 45 per cent subsidy on the cost of passenger travel," Vaishnaw informed the lower house in a written reply. He said the rail fares were "rationalized" with effect from July 1 this year after a gap of more than five years. "The increase in fares is very low, ranging from half paise per km to two paise per km for premium classes," he added. The minister said no fare has been increased in the second class ordinary up to 500 km, beyond that, the hike is just half paisa per passenger per kilometre. A half paisa increase has been effected in fare per passenger per kilometre in sleeper class, ordinary and first-class ordinary, 1 paisa increase per passenger per kilometre in non-AC classes in Mail Express, and 2 paisa increase per passenger per kilometre in reserved AC classes, he said. "To maintain affordability for low and middle income families, the fares for MST (Monthly Season Ticket) and Suburban travel have not been revised," Vaishnaw informed the House, saying the hike was insignificant. "It is estimated that less than half the trips will have a marginal increase in fare. For example, for a low-income traveller in general coach, there is no fare increase for 500 km travel," he said. Vaishnaw said the Railways has, to improve the suburban infrastructure and safety, begun work on network expansion and track upgradation, etc. "Further, increase in frequency of train services, including suburban train services, is an on-going process over Indian railways subject to operational feasibility, traffic justification and availability of resources, etc," the minister added.
Time of India
7 days ago
- Business
- Time of India
Railways spent 45% in subsidy on passenger travel in 2023-24: Govt
New Delhi: The Indian Railways provisionally spent Rs 60,466 crore in subsidy, 45 per cent of the cost of passenger travel, in the financial year 2023-24, the Centre informed the Lok Sabha on Wednesday. Railway Minister Ashwini Vaishnaw gave the information in response to the questions raised by several MPs on the recent rail fare hike. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Data Analytics CXO MCA Public Policy Management Technology PGDM Design Thinking Data Science Cybersecurity others Digital Marketing MBA Artificial Intelligence Data Science Product Management Others Healthcare Leadership Operations Management Finance Degree healthcare Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Vaishnaw said the Indian Railways provides affordable transportation service to more than 720 crore passengers and its fares are among the lowest in the world, even when compared with neighbouring countries. "The total amount of subsidy given in FY 2023-24 on passenger travel is provisionally estimated at Rs. 60,466 Crore. This amounts to a 45% subsidy on the cost of passenger travel," Vaishnaw informed the lower house in a written reply. He said the rail fares were "rationalized" with effect from July 1 this year after a gap of more than five years. Live Events "The increase in fares is very low, ranging from half paise per km to two paise per km for premium classes," he added. The minister said no fare has been increased in the second class ordinary up to 500 km, beyond that, the hike is just half paisa per passenger per kilometre. A half paisa increase has been effected in fare per passenger per kilometre in sleeper class, ordinary and first-class ordinary, 1 paisa increase per passenger per kilometre in non-AC classes in Mail Express, and 2 paisa increase per passenger per kilometre in reserved AC classes, he said. "To maintain affordability for low and middle income families, the fares for MST (Monthly Season Ticket) and Suburban travel have not been revised," Vaishnaw informed the House, saying the hike was insignificant. "It is estimated that less than half the trips will have a marginal increase in fare. For example, for a low-income traveller in general coach, there is no fare increase for 500 km travel," he said. Vaishnaw said the Railways has, to improve the suburban infrastructure and safety, begun work on network expansion and track upgradation, etc. "Further, increase in frequency of train services, including suburban train services, is an on-going process over Indian railways subject to operational feasibility, traffic justification and availability of resources, etc," the minister added.
News18
7 days ago
- Business
- News18
Railways spent 45% in subsidy on passenger travel in 2023-24: Govt
New Delhi, Jul 23 (PTI) The Indian Railways provisionally spent Rs 60,466 crore in subsidy, 45 per cent of the cost of passenger travel, in the financial year 2023-24, the Centre informed the Lok Sabha on Wednesday. Railway Minister Ashwini Vaishnaw gave the information in response to the questions raised by several MPs on the recent rail fare hike. Vaishnaw said the Indian Railways provides affordable transportation service to more than 720 crore passengers and its fares are among the lowest in the world, even when compared with neighbouring countries. 'The total amount of subsidy given in FY 2023-24 on passenger travel is provisionally estimated at Rs. 60,466 Crore. This amounts to a 45% subsidy on the cost of passenger travel," Vaishnaw informed the lower house in a written reply. He said the rail fares were 'rationalized" with effect from July 1 this year after a gap of more than five years. 'The increase in fares is very low, ranging from half paise per km to two paise per km for premium classes," he added. The minister said no fare has been increased in the second class ordinary up to 500 km, beyond that, the hike is just half paisa per passenger per kilometre. A half paisa increase has been effected in fare per passenger per kilometre in sleeper class, ordinary and first-class ordinary, 1 paisa increase per passenger per kilometre in non-AC classes in Mail Express, and 2 paisa increase per passenger per kilometre in reserved AC classes, he said. 'To maintain affordability for low and middle income families, the fares for MST (Monthly Season Ticket) and Suburban travel have not been revised," Vaishnaw informed the House, saying the hike was insignificant. 'It is estimated that less than half the trips will have a marginal increase in fare. For example, for a low-income traveller in general coach, there is no fare increase for 500 km travel," he said. Vaishnaw said the Railways has, to improve the suburban infrastructure and safety, begun work on network expansion and track upgradation, etc. 'Further, increase in frequency of train services, including suburban train services, is an on-going process over Indian railways subject to operational feasibility, traffic justification and availability of resources, etc," the minister added. PTI JP VN VN view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
24-06-2025
- Business
- News18
Train Tickets To Cost More From July 1, 2025: Check Out Latest Railway Fare Hike
Last Updated: A senior railway official said around 13,000 daily non-AC mail and express trains will see a fare hike, while AC class fares will rise by 2 paisa per kilometre from July 1 In a significant move, Indian Railways is set to hike passenger train fares for the first time in several years, with the revised rates coming into effect from July 1. As per reports, passengers travelling on non-AC mail and express trains will see a fare increase of 1 paisa per kilometre. A senior railway official said on Tuesday that around 13,000 daily non-AC mail and express trains across the country would see a marginal hike in ticket prices. For AC class passengers, the fare increase will be 2 paisa per kilometre. The railway official assured that the new fare structure would not significantly impact passengers' budgets. Suburban train fares and Monthly Season Ticket (MST) prices will remain unchanged, providing relief to daily commuters travelling to and from work. Additionally, there will be no fare increase for passengers travelling up to 500 km in ordinary second class. However, for journeys exceeding 500 km in general second class, the fare will rise by only half a paisa per kilometre. For example, a 600 km journey would see an increase of just 50 paise, which is considered very nominal. Earlier in June 2025, Indian Railways announced an important change. Starting July 1, 2025, Aadhaar authentication will be mandatory for booking Tatkal tickets. The Railway Ministry issued a directive on June 10, 2025, stating that this measure aims to ensure the Tatkal scheme benefits reach the general public and prevent misuse by agents. Additionally, from July 15, 2025, an extra layer of security will be added—passengers will be required to complete OTP verification based on Aadhaar. An OTP will be sent to the registered mobile number during booking, which must be entered to proceed. First Published: June 24, 2025, 15:23 IST
Economic Times
24-06-2025
- Business
- Economic Times
Railways hikes fares: From AC to express trains, here's how much more you'll pay from July 1
Railways ticket fare hike: Starting July 1st, Indian Railways will implement a slight fare increase for long-distance travelers, according to sources. Daily commuters and those with Monthly Season Tickets will not be affected. Ordinary second-class travel up to 500 km remains unchanged. However, fares will rise for longer distances in ordinary second class, as well as for Mail/Express and AC classes. Tired of too many ads? Remove Ads Who Will Not Be Affected? What Are the New Indian Railway Ticket Fares? Category Distance Fare Increase Suburban Trains Any No increase Monthly Season Ticket (MST) Any No increase Ordinary Second Class Up to 500 km No increase Ordinary Second Class Above 500 km ₹0.005 (half a paise) per km Mail/Express Trains (Non-AC) Any ₹0.01 (1 paise) per km AC Classes (All Trains) Any ₹0.02 (2 paise) per km Why the Hike? Starting July 1, Indian Railways will slightly increase fares for certain train passengers, according to an ET source. The revised rates will mainly affect long-distance travellers, while daily and short-distance commuters will see no major you travel by local trains or hold a Monthly Season Ticket (MST), don't worry, your fare remains the if you're travelling in ordinary second class for a distance up to 500 km, there will be no a breakdown of the revised rates:This is the first fare hike in several years. The change is being introduced to balance the increasing cost of operations and improve passenger facilities, though the Railway Ministry has not released an official statement yet.
