By Samanwaya Rautray, ET Bureau
New Delhi: The Supreme Court on Monday permitted the Anil Ambani-led Reliance Group, which operates the Mumbai Metro, to continue charging higher fares on condition that it deposits 50% of the fare differential with the top court’s registry.
This amount will be used to create a fund for the welfare of commuters should the fare-setting committee rule against the new prices.
The Mumbai Metro raised charges to Rs 20-40 for 11 km from Rs 10-20 on January 8, a move that was unsuccessfully challenged by the Mumbai Metro Region Development Authority ( MMRDA) in the Bombay High Court. More info