Plagued by repeated derailments, the Railways is considering imposing safety cess on train tickets to be utilised for strengthening accident prevention measures. According to the move, the Railways will have to generate additional revenue of Rs 5,000 crore in the current fiscal as its contribution to the safety fund created in the budget. Railway Minister Suresh Prabhu said “We have to raise safety funds and the people will also have to give some support. We are considering all options”.
The government had announced the creation of a special safety fund of Rs 1 lakh crore over the next five years that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings. The special safety fund envisages spending of Rs 20,000 crore on safety upgradationu every year. Read more
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