Prime Minister Manmohan Singh on Friday said no increase in freight rates and passenger fares in the Railway Budget would reduce inflation.
“It is a common man’s budget without increase in freight and passenger fares, thereby it will help to weaken cost push element of inflation,” Dr. Singh told reporters soon after Railway Minister Mamata Banerjee presented her third budget in the Lok Sabha.
At the same time, Ms. Banerjee has taken care to increase investment in critical areas of infrastructure which would supplement growth momentum of the economy, he said.
“The Railway Minister has done a commendable job”, Dr. Singh added.
