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The hike in Railway fare and freights are well received by Share Market. How long we should rely on subsidies and on government help ? At last these all subsidies support inefficiency and malpractices. The financial burden that union government is bearing is side effect of inefficiency.
Congress led UPA govt. is responsible for the straight way 14% hike in fare. This is because of their lingering tendencies and hesitation to take bold decisions. Had UPA govt. hiked the fare in small doze during its tenure such strong doze would have been avoided.In last ten years UPA had seldom hike the railway fare. The railway minister from TMC ( forget name ) who hiked the fare was shown the door. This tendency of UPA has thrown Indian economy into a ditch. There are many reasons for which this hike can be justified.
First thing first, IF we wish to call us a developed economy , wheel of development/ Railway must be in good shape. Services of Railway are in very poor states.TO improve that this hike was need of hour.
Secondly, railway accidents are on rise , TO save public properties and lives this hike was must.
NDA govt. is determined to start bullet train. This is vital for development. In every developed country ,one will find train that runs in speed of 200 kmps minimum. In India we donot have any train that surpasses 150 kmps. In China and Japan the speed of some express trains go beyond 250 Kmps. To match with these Asian giants , Indian Railway need funds. A Railway that bears loss of Rs. 96 crores daily can not afford such speedy train and without safety net work such train will become grave yards for passengers
Journey in Railway should be remembered as a pleasant experience.In India exactly reverse situation is found. A family with young girls with them will find it difficult to travel in railway in many zone of India.
Finally, Railway is very easy pray for Pakistani extremist group. To save our Railway system to become easy target , fund was needed and that must come from pocket of passengers.We have to change our way of thinking now. Nothing is available at free of cost in this world. Why that should be given by any Government or any agency of government.
If we love our India , we have to wait to see what improvement Railway will give in its services and an frank audit must be made for that. If services are improved then such hikes should be justified.....Wait for some time to see such changes. Till them keep your fingers crossed.
