New Delhi:  India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.

"It is a balancing act by Railways Minister Dinesh Trivedi. It is a good decision to look at the fare as it has not been increased in the last several years," CII Director
General Chandrajeet Banerjee said.

Passenger fares have been increased by 2 paise per km for suburban and ordinary second class travel; 3 paise per km for mail/ express second class; 5 paise per km for sleeper, class; 10 paise per km for AC chair car/AC 3-tier and First Class; 15 paise per km for AC 2-tier and 30 paise per km for AC 1-tier.

 Assocham said it has been a pleasing Budget for a common man with a very minimal hike in fairs specially in the wake of high inflation.

"Safety and comfort were the main areas on which the minister has focused," Assocham President R N Dhoot said.