Nation at 9: Price rise returns to haunt
- 5 years ago
The government today announced a steep hike in train fares in the first dose of the bitter medicine that Prime Minister Narendra Modi had said was essential to revive India's economy.
The move provoked criticism from opposition parties who mocked the ruling BJP's election slogan - "Achche Din Aane Wale Hain (good times are ahead)."
From Wednesday, rail passenger fares will increase by 14.2 percent and freight rates by 6.5 percent.
The hike in passenger fares could bring nearly Rs. 6000 cr to the Railways, which needs massive funds to upgrade its infrastructure after years of low investment and populist policies.
Among the first to hit out at the Narendra Modi government was Bihar politician Lalu Yadav, who left train fares untouched during his tenure as railway minister in 2004-2009.
"Acche din. Acche din. The BJP has fired its first salvo at the poor people of this country. Whenever the BJP comes to power, they try and get a few people all the advantage," Mr Yadav said, demanding a rollback.
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The move provoked criticism from opposition parties who mocked the ruling BJP's election slogan - "Achche Din Aane Wale Hain (good times are ahead)."
From Wednesday, rail passenger fares will increase by 14.2 percent and freight rates by 6.5 percent.
The hike in passenger fares could bring nearly Rs. 6000 cr to the Railways, which needs massive funds to upgrade its infrastructure after years of low investment and populist policies.
Among the first to hit out at the Narendra Modi government was Bihar politician Lalu Yadav, who left train fares untouched during his tenure as railway minister in 2004-2009.
"Acche din. Acche din. The BJP has fired its first salvo at the poor people of this country. Whenever the BJP comes to power, they try and get a few people all the advantage," Mr Yadav said, demanding a rollback.
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