Is Railway Fare Hike Justified?
The Modi Sarkar in India has raised the railway fare hike by 14.2% and everyone's questioning the government's move. I read up a bit and found out that the Indian Railways have been making a loss to the tunes of Rs. 29,000 crore annually only on the passenger trains and the fare hike would fix that loss just by Rs. 11,000 crore. Which means, the Indian railways are far from being profitable.
If the railways want to offer quality services, hassle free booking and seat to every passenger who demands it, I think they'll have to figure out ways to be profitable; and that won't be possible unless the passengers are willing to pay more. This model has worked in all the parts of the world, but India.
Now, one more view is that you can't burden the people who are already suffering from break-neck inflation. The possible way to fix this situation without burdening the people seems to be bringing back the black money stashed in foreign banks and then use it for people welfare and make the railways self-sustaining.
My personal view is that you can't expect to revive an 'almost dead' horse in just a few days and expect it to perform in the race. You've gotta spend some money in making the horse capable of getting on its feet and then expect it to run.
What are your views?
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