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
April 8,2020

Jamnagar, Apr 7: A 14-month-old baby boy, who had tested positive for coronavirus in Gujarat's Jamnagar district on April 5, died of multiple organ failure on Tuesday, said officials.

The toddler, son of a migrant labourer-couple having no recent travel history, died in the evening at a government hospital in Jamnagar, said an official release.

He was in a critical condition ever since he was admitted to the hospital, it said.

The boy, who tested positive for coronavirus two days ago, was as on ventilator support and eventually died due to multiple organ failure, said the release.

He becomes the youngest patient to succumb to COVID-19 in Gujarat, where the death toll has now gone up to 16.

The baby was the first and the only case of coronavirus infection so far in entire Jamnagar district and the youngest to be diagnosed with the disease in Gujarat.

Ever since he tested coronavirus positive, the authorities had been tracing the source of his infection.

His parents are from Uttar Pradesh and work as casual labourers in factories in the port city.

His parents, who have no travel history in the recent past, are asymptomatic (not showing symptoms) and kept under quarantine, officials said.

The locality where the couple resides in Dared village near Jamnagar city has been put under complete lockdown to check the spread of the virus, they said.

Gujarat has so far recorded 175 coronavirus positive cases and 16 fatalities.

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News Network
February 9,2020

New Delhi, Feb 9: As the outbreak of novel coronavirus has lead to the death of more than 800 Chinese nationals, aviation regulator DGCA on Saturday said that foreigners who went to China on or after January 15 will not be allowed to enter India.

The DGCA, in its circular to airlines on Saturday, reiterated that all visas issued to Chinese nationals before February 5 have been suspended.

However, the Directorate General of Civil Aviation (DGCA) clarified, "These visa restrictions will not apply to aircrew, who may be Chinese nationals or other foreign nationalities coming from China."

"Foreigners who have been to China on or after January 15, 2020, are not allowed to enter India from any air, land or seaport, including Indo-Nepal, Indo-Bhutan, Indo-Bangladesh or Indo-Myanmar land borders," the DGCA said.

Among Indian airlines, IndiGo and Air India have suspended all of their flights between the two countries. SpiceJet continues to fly on Delhi-Hong Kong route.

On February 1 and 2, Air India conducted two special flights to Chinese city of Wuhan, epicentre of the outbreak, evacuating 647 Indians and seven Maldivians.

Till date, three Indians have tested positive for novel coronavirus.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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