New Delhi:  The controversial hike in rail passenger fares was on Thursday rolled back for all classes except AC 2 Tier and First Class by the new Railway Minister Mukul Roy, overturning the decision of his predecessor Dinesh Trivedi, who lost his job on account of his bold proposals.
Mukul Roy, who was inducted into the Union Cabinet and the Railway Ministry on Tuesday, announced in the Lok Sabha the roll back of the fare increase for second class suburban and non-suburban, Sleeper, AC Chair Car and AC 3-tier,  dubbing it as a "huge drain" on the pocket of masses.
He, however, left untouched the increase of 15 paise per km and 30 paise per km respectively in passenger fares in AC 2-tier and AC-I announced by Trivedi in the Railway Budget only last week.
The Minister did not give the financial implications of the roll back decision.  In his budget, Trivedi had assumed an income of Rs. 4,000 crore on account of the hike but  Thursday's reversal of the decision could result in a loss of Rs.3,000 crore, officials said.
Trivedi's decision to hike rail fares was the first in eight years since the UPA came to power.
Neither Trivedi nor Prime Minister Manmohan Singh, who had praised his budget, was present in the House.  UPA chairperson Sonia Gandhi gave appeared to be grim as members thumped the desk at the roll back decision.
Replying to the debate on the Budget, Roy also put on hold Trivedi's proposal of setting up a committee to examine whether there should be an independent tariff regulatory authority and scrapped a move to expand the Railway Board.

Roy said the proposal to increase fare by 2 paise per km, 3 paise per km and 5 paise per km in second class suburban and non-suburban and Sleeper class is a huge drain on the pocket of the masses.
"Similarly, increase in the fare of AC Chair Car and AC 3-tier, which is now patronised by the middle class, is also quite severe.
"I intend to give relief to the already over-burdened common man by not effecting any increase in these classes," he said.
Trivedi had proposed 10 paise per km each for AC Chair Car and AC 3-tier.
Referring to the rollback of hike in train fares announced earlier, Roy said "many members have expressed anguish over the proposal to hike passenger fares that would impact the aam aadmi."
"The concern of the common man is over-riding, even if it means biting the bullet of a different kind, the impact of the fare hike on the aam aadmi is huge," he said.
After Roy's 20-minute speech, the House passed the Vote on Account and the relevant Appropriation Bills, as well as a resolution to adopt recommendations of the second report of the Railway Convention Committee by voice vote.
He said the Railways would launch an "aggressive drive to mop up resources from non-conventional sources" like public- private partnership (PPP) projects would be carried out on a fast-track.
Advertising as a source of revenue was not being fully explored, he said, adding that there would be "a focused approach" on using the vacant land and airspace with the railways to raise resources.