In 2017 the Department of Railways incurred a loss of 6.7 billion rupees due to the delay in increasing train fares. A 5-member committee was appointed to examine and make the price revision proposal. The Committee has submitted the proposal.
The final report on the proposed train fare amendments is scheduled to be handed over to the Ministry of Transport today (20th). Once the new price scheme is approved by the subject Ministry, it will be implemented.
A senior official at the Department of Railways said that the implementation of the new fares could be delayed as they have been instructed to ensure that commuters receive the necessary facilities inside the trains before the fare hike is implemented.
The proposed amendments call for a 15% increase in train fares. The fares are being amended as per a gazette notification issued in 2008, however no changes will be made to the minimum fares. The sum charged for seat bookings are also to be revised.