Railways have collected a total of 70.66 crore rupees from suburban commuters by way of seasonal ticket sales, triggered by a more than two-fold hike in train fares, in the last four days.The government had on June 20 announced a steep hike in suburban train fares, which was later partially rolled back. According to Central Railways, it collected 30.84 crore rupees in the last four days, while Western Railways collected 39.82 crore rupees between June 20 and June 24. As the new fares were to be applicable from Wednesday, Mumbaikars rushed to buy season tickets fearing over 100 per cent increase in fares post-revision.However, bowing to mounting pressure from various quarters, the union government eventually exempted second class suburban travel upto 80 km from the 14.2 per cent hike and reduced the severity of hike for monthly season ticket-holders.
News On AIR | June 26, 2014 9:15 AM
Railway collection spikes after fare hike