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Railway Minister Suresh Prabhu today presented the budget for 2016-17 detailing the projects that he wishes to undertake in the next financial year. As expected, the minister has not announced a hike in either passenger or freight fares. The minister said the Railways, the largest public-sector employer in India, hopes to raise money through non-tariff means by monetizing assets. The minister has proposed the introduction of new train services specifically aimed at people from lower-income backgrounds and to evolve new methods of revenue generation. -
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