The Railway passenger fare and freight rate revision was done as
part of interim budget presented by the previous government. But the
implementation of revised rates was withdrawn by previous regime because of the
elections. Meeting the annual expenditure would not be possible unless the
revised rates as finalized by previous government is implemented, hence order
of withdrawing implementation of revised fare and freight has been withdrawn.
Accordingly, the revised passenger fare and freight rates & freight
structure rationalization will come into effect from 25th June 2014 (i.e. w.e.f. 0000
hours of 25th June 2014).
In nutshell, following are the changes to be effective from 25th
June 2014 (i.e.
w.e.f. 0000 hours of 25th June 2014).
FREIGHT
·
A
flat 5% increase in freight rates and an additional increase of 1.4% on account
of FAC (Fuel adjustment Component) which was due since April 2014. The overall
increase in freight rates will be 6.5% approx .for major commodities.
·
Withdrawal
of short lead concession in charging of freight for all traffic booked upto 100
kms. Minimum distance for charge has been increased from existing 100 kms to
125 kms.
·
The
number of Low Rated Classes have been reduced from 4 to 3. Certain concessions
in case of some of these commodities has also been withdrawn.
PASSENGER
·
A
flat 10% increase in all classes. There will be no increase upto minimum
distance for charge. In
addition there will be an increase of 4.2% in fares on account of FAC which is
due from April 2014.
·
Second
Class Monthly Season Ticket (MST) fares of Suburban and Non-suburban shall be
charged on the basis of 30 single journeys instead of approximately 15 single
journeys. Fares of First Class Monthly Season Tickets will be charged @ 4
times the Second Class Monthly Season Tickets (MST) Fares as is done
presently. Revised fare shall also be applicable as per the existing method of
computation on Quarterly Season Tickets (QST), Half Yearly Season Tickets (HST)
and Yearly Season Tickets (YST), etc. these revisions have been shown in the
Season Ticket Fare Tables.
Other Charges:
·
There
shall be no change in charges for reservation fee, superfast surcharge etc.
Such charges, wherever applicable, shall continue to be levied additionally as
per existing instructions.
·
Service
tax will continue to be levied as applicable as per instructions issued in this
regard.
·
The
revised fares will also apply to tickets issued in advance for journeys to
commence on or after 25.06.2014.
·
In
the case of tickets already issued at pre-revised rates, the difference in
fares and other charges on or after 25.06.2014 will be recovered either by TTEs
on the trains or by the Booking/Reservation Offices before the commencement of
journey by passengers.
Source : PIB
No comments:
Post a Comment