New Delhi: In a bid to boost its revenue, the Railway Ministry is conducting a research to find out the probabilities of hiking fares. The National Council of Applied Economic Research (NCAER) has been assigned the research work that will submit the report within three months.

The decision of the ministry comes in wake of the recent indictment of its functioning in the Comptroller and Auditor General (CAG) report. 

The CAG report had highlighted the failure of the ministry to hike fares despite its weak financial health.
Railway Ministry would decide upon the report of the research department as to how much can the ministry hike the fare and in which category.

There has been no hike in the railway fare for the last eight years.

The last time rail fares were hiked, that too indirectly, was during the tenure of Former Railway Minister Lalu Yadav when the ministry levied super fast surcharges.

Fare hike in real terms was done the last time was in 2003 by the then Railway Minister in 2003.

After that railways underwent subsequent losses in passenger business. These losses are being reimbursed through freight charges.

(JPN/Bureau)