NEW DELHI, March 22 � The controversial hike in rail passenger fares was today 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, reports PTI.
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 today�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 have appeared to be grim as members thumped the desk at the roll back decision. Roy also put on hold Trivedi�s proposal of setting up a committee to examine whether there should be an independent tariff regulatory authority.