Tue 26 Feb 2013

Indian Railway Budget presented

  • By Anne Cukier
  • Last Update: 4 years ago
  • New Delhi, National Capital Territory of Delhi, India

India's Ministry of Railways presents the Railway Budget for 2013-2014.

The Budget may see an increase of passenger fares and a rise in freight charges due to the recent diesel price hike in the country, which put a burden of Rs 3,3 billion on the railways.

The price hike has to help the Indian government cutting its budget deficit, which has been projected at 5.3 percent of GDP in the fiscal year that ends on March 31.

Asia's third largest economy faces the large deficit due to fuel, food and fertilizer subsidies.

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