As expected Railway Minister Lalu Prasad announced a people friendly budget in his fifth and last Railway budget in Lok Sabha for 2008-09, on Tuesday. He announced appreciable fare cuts today with several new concessions for rail travel.
He cut fares for all classes of travelers on majority of trains, hitting directly at competition from the low-cost airlines.
Highlights of the Railway budget 2008-09:
7 % cut in first-class A/C
4% cut in A/C II tier
3% cut in A/C III tier
5%...