Rly to continue with FAC to revise fares
New Delhi: The Railways on Tuesday said it would continue with the fuel adjustment component (FAC) to revise the passenger fares every six months. After presenting his maiden Rail Budget, Railway Minister Sadananda Gowda told reporters, “We will continue with FAC which was there in 2013-14 also. There will be a periodic hike once in six months. That was taking place earlier also. This will continue.”
Decline in AC 1, AC tier 3 in 2013-14
New Delhi: The number of passengers in AC First Class and AC 3 Tier registered a decline in 2013-14 as compared to the previous fiscal. The passengers in AC First Class dropped to 26.1 lakh in the last fiscal as against 33.1 lakh in 2012-13. Similarly, the number of passengers in the AC 3 Tier got reduced to 687.5 lakh in 2013-14 as against 700.8 lakh in the preceding financial year. However, there was increase in number of travellers in AC Chair Car class. The number increased to 251.9 lakh as against 221.3 lakh during the period under review.
Rly staff face action on graft charges
New Delhi: As many as 5,300 Railway employees faced departmental action for their alleged involvement in corruption and other irregularities last year. The Railways carried out 23,362 preventive checks across the country to check any irregularity and found 5,297 personnel, including 77 gazetted officials, allegedly involved in various wrong practices during 2013, according to official data. A highest of 3,761 such preventive checks were carried out in Northern Railways during which 1,391 officials were booked for departmental action, it said.
Railways to borrow Rs 11,790 cr in 2014-15
New Delhi: Indian Railways will borrow less at Rs 11,790 crore from market through its two companies IRFC and Rail Vikas Nigam ltd for capital expenditure during 2014-15. The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore from markets, as per the interim Railway Budget for 2014-15 tabled in February.Thus, there has been downward revision in the market borrowing plan by Rs 2,010 crore for the current fiscal.