Railways may shift to dynamic fare structure

May raise fares by including a variable fuel adjustment component, which can be linked to the fluctuating fuel prices

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Railway Minister Dinesh Trivedi is preparing to put on track a slew of measures to kick-start the long-pending modernisation of Indian Railways, even as the move entails the politically sensitive issue of raising fares to generate funds. 

"The coming rail budget exercise is my opportunity to roll out full automation of the Railways and run it professionally like the Delhi Metro," said Trivedi, who is readying to present his first rail budget. "Obviously, we need resources for this and I will not be found wanting in generating funds, even if that means taking unpopular decisions." he added.

Rail fares have not been raised since 2002-03 . Previous Rail Minister Mamta Banerjee has, in fact, made it clear that her party will not allow any sharp increase in fares. Trivedi may, however, raise fares by including a variable fuel adjustment component, which can be linked to the fluctuating fuel prices.

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