"It (fare reduction) will not be done. Fares are already low and government is giving subsidy," Minister of State for Railways Manoj Sinha said here.
He was answering questions from reporters last night on the possibility of reduction in train fares in the Railway Budget to be presented in Parliament on February 26.
Sinha said the requirement of the ministry was more and resources were limited, therefore rail budget would be balanced and public interest will be kept in mind.
Sinha, who is a member of Lok Sabha from Ghazipur in Uttar Pradesh, said the Railways had its own security wing - RPF - but it did not have the power to lodge FIR in crimes taking place under its jurisdiction.
To another question, he said 100 per cent Foreign Direct Investment (FDI) has been allowed for developing infrastructure and improving safety features in the railways to tide over the severe cash crunch the public sector behemoth was facing.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
