Railways subsidising train travel by 55%, spent Rs 62k cr last yr: Minister
Railway Minister Ashwini Vaishnaw on Tuesday said that the Railways gives a concession of 55 per cent to its passengers and last year spent Rs 62,000 crore on the subsidy.
The minister, who arrived here on Tuesday on a two-day visit, said: “If the expenditure of the Railways is Rs 100, then only Rs 45 is charged from the passengers.”
Last year, Railways gave a total subsidy of Rs 62,000 crore to different categories of passengers, he said.
Asked about any plans for new trains, Vaishnaw said there are under construction EMU trains, which are being built on the lines of the metro, which do not have an engine, but are powered from the second or the third coach.
