Railway Budget: Tightrope walk for Suresh Prabhu, fare hike unlikely

For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour. Expectations of a turnaround in the railways' breadwinning freight business have not been met and higher salaries to staff will disrupt expenditure statistics.

The finance ministry has made it clear any slackening in spending will be met by cuts in budgetary support. Also, the dip in crude oil prices that saved the railways Rs 5,000 crore in fuel cost is held by some to have eliminated the reason for a fare hike. And, high cargo haulage rates continue to drive customers to road transport.

Read Full Article Over Here : Business Standard News

 Read our full coverage on Railway Budget 2016

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