Rail Fare Hike: Mumbai to Shell Out Over Two-Times More
Already hit hard by poor and inefficient services, the woes of the suburban rail commuters in the metropolis are going to be compounded further with the season ticket rates going up by more than double across classes.
The Narendra Modi-led government on Friday hiked rail fares by a steep 14.2 per cent and freight charges by 6.5 per cent. (Read full story)
The local trains are the lifeline for the over two crore people of the Mumbai metropolitan region. The city's local services consist of three lines - the Western, Central and Harbour lines, ferrying together over 70 lakh people per day.
(Also read: How much more you will pay)
As per the revised fares, effective June 25, a Rs 85 monthly season ticket (II Class) will now cost Rs 150, while a Rs 190 monthly pass will be priced at Rs 480.
Similarly, the monthly season pass of Rs 795 for the first class has been revised to Rs 1,930. Likewise, a first class commuter with a monthly pass of Rs 1,740 will now have to shell out Rs 2,120 more for the same journey.
"Second class monthly season tickets fares shall be charged on the basis of 30 single journeys instead of around 15 single journeys charged currently," the Railways said in a statement.
Fares of First Class monthly season tickets will be charged four times that of the Second Class monthly season tickets fares.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.