Railway fares to go up by 2% from Monday

October 5, 2013

Railway_faresNew Delhi, Oct 5: Rail travel will become costly from Monday with the cash-strapped railways deciding to increase passenger fares in all mail and express trains by 2% and freight tariff by 1.7% across the board.

The passenger fare hike will be applicable from October 7 and revised freight charges will come into effect from October 10. This is the second increase in passenger fares this year after a 20% hike in January.

After the increase, the AC first class fare of Delhi-Mumbai Rajdhani Express will go up by around Rs 80, Delhi-Kolkata fare in the same class will see a similar hike while Delhi-Chennai fare will go up by around Rs 100.

The "aam aadmi" has been spared as the increase will not be applicable on suburban trains and monthly pass holders of general classes.

The decision is expected to fuel inflation further as only last week, railways had imposed busy season charges of 15% on all freight commodities, leading to an increase in the prices of essential commodities.

This fare hike paves the way for railways to routinely revise passenger tariff taking into account the increase in input cost, mainly fuel cost.

Passenger fare was not revised as it was considered "unpopular" by leaders, leading to loss of Rs 25,000 crore a year on account of passenger tariff. "This is a big move in the direction of de-politicization of passenger tariff," an official said.

The revision has come in the form of fuel adjustment component (FAC) which was announced in the last rail budget to make adjustments for spiraling fuel prices. In the budget, it was announced that FAC would be revised every six months.

The state-run transporter has decided to pass the financial burden arising out of increased input cost — additional burden of 7.3% increase in diesel price and about 16% hike in electricity charges — on to customers.

According to estimates, railways will bear a burden of Rs 1,200 crore due to increased energy and input cost in the next six month. The revised passenger fares will get railways an extra revenue of Rs 420 crore in the remaining months of this fiscal and the transporter is expected to earn Rs 790 crore from increased freight tariff. FAC was implemented for the first time in April this year.

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News Network
May 27,2020

New Delhi, May 27: Professor Johan Giesecke of the Karolinska Institute, Sweden, on Wednesday claimed that India will ruin its economy very quickly if it had a severe lockdown.

Claiming that a strict lockdown may disrupt India's economic growth, Giesecke during an interaction with Congress leader Rahul Gandhi said: "In India, you will do more harm than good with strict lockdown measures. India will ruin its economy very quickly if it had a severe lockdown."

While calling for a soft lockdown approach in India, he suggested that India has to ease restrictions one by one. It may, however, take months to completely come out of lockdown, he said.

He further criticised countries across the globe for having no post-lockdown strategy.

Emphasising on the disease, the Swedish health expert said that coronavirus is spreading like a wildfire across the world. "It is a very mild disease. Ninety-nine per cent infected people will have very less or no symptoms," he added.

Meanwhile, Ashish Jha, Director Harvard Global Health Institute and a recognised public health official, in interaction with Gandhi, called for a need to go in for an 'aggressive' COVID-19 testing to create confidence among people.

"When the economy is opened post-lockdown, you have to create confidence. There is a need for aggressive testing strategy in high-risk areas," he said.

He asserted that COVID-19 is not the last pandemic in the world, adding that "We are entering the age of large pandemics".

Jha further said that countries like South Korea, Taiwan and Hong Kong have responded the best to COVID-19 pandemic, while Italy, Spain, the US and the UK have responded the worst.

A few days ago, the Gandhi scion had interacted with former Reserve Bank of India Governor Raghuram Rajan and Nobel Prize Winner Abhijit Banerjee to discuss various issues related to the COVID-19 crisis.

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News Network
February 9,2020

Srinagar, Feb 9: Authorities on Sunday snapped mobile internet services in Kashmir as a precautionary measure to prevent any law and order disturbance on the seventh death anniversary of Parliament attack convict Mohammad Afzal Guru, officials said.

The mobile internet services were suspended early in the morning as the authorities apprehended violence in the valley in view of the bandh call given by separatist outfits, the officials said.

The authorities had restored 2G internet services in Kashmir on January 25, more than five months after snapping all communication facilities in the valley following abrogation of Article 370 on August 5 last year.

Police on Saturday lodged an FIR against the banned Jammu Kashmir Liberation Front (JKLF) for calling a strike on Afzal Guru's death anniversary.

Guru was hanged in 2013 inside Tihar jail for his role in the Parliament attack in December 2001.

Two journalists were summoned by police for reporting the JKLF press release, which had called for strike on Sunday and Tuesday -- the death anniversary of the outfit founder Mohammad Maqbool Bhat.

They were let off after five hours of questioning. Bhat was hanged in 1984 and is buried inside Tihar jail.

Meanwhile, normal life in Kashmir was affected due to the strike, the officials said.

Markets and business establishments remained closed, while public transport was largely off the roads, they said.

There have been no reports of any untoward incident from anywhere in the valley so far, the officials added.

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Agencies
June 19,2020

Srinagar, Jun 19: Suspended Jammu and Kashmir DSP Davinder Singh, arrested while ferrying two Hizb-ul-Mujahideen terrorists in a vehicle on the Srinagar-Jammu Highway earlier this year, was granted bail by a Delhi court on Friday, his lawyer said.

Singh and another accused in the case - Irfan Shafi Mir - were granted the relief by the court in a case filed by special cell of Delhi Police, noting that the probe agency failed to file charge sheet within 90 days from his arrest, as prescribed under law, their lawyer M S Khan said.

The bail was granted on a personal bond of Rs 1 lakh and two sureties of like amount.

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