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Cut in passenger fares unlikely

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  30 Jan 2015 12:00 AM GMT

Bengaluru, January 29: Reduction in passenger fares is unlikely in the ensuing railway budget for 2015–16 despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted on Thursday. “We recover only 50 percent of the passenger cost from the fares, in which there is already a huge element of subsidy, benefitting them (passengers),” Prabhu said.

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