Thu, 25 February 2016

11:54

Indian Railways will have to depend on more government support and borrowing to fix their finances in its Budget, with New Delhi reluctant to unveil steep fare hikes ahead of key state elections, officials said.
India's railways, the world's fourth largest, is a lifeline for 23 million people, mostly poor, but years of underinvestment have strained the system to the limit, reducing average speeds to 50 km per hour and forcing companies to ship freight on clogged roads.

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