Delhi Airport Metro: SC sets aside 2017 arbitral award in favour of Anil Ambani firm
The top court also set aside the orders passed by the High Court in the course of the execution proceedings for enforcing the arbitral award.
Delhi Metro rides are likely to get costlier from October, as the Delhi Metro Rail Corporation (DMRC) is set to implement the second phase of its fare hike.
The Metro fare was last revised in May 2017.
According to media reports, after the hike, it will cost commuters between Rs 10 and Rs 60 to ride the metro. The minimum fare, Rs. 10, is set to remain the same for less than two kilometre. For distances between two and five kilometres, the fare will be hiked by Rs 5 from Rs 15 to Rs 20. For all other distance zones, fares will increase by Rs 10, with the maximum fare for journeys longer than 32 km, increasing from Rs 50 to Rs 60.
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Fare rate will not be revised on the Airport Express line and passengers will still avail 10% discount on the use of Metro smart cards. Additional 10% discount on Metro ride during ‘off-peak hours’ remains unchanged along with travel discount on Sunday and national holidays.
The DMRC since its last fare rate revision in May recorded a fall of almost 1.5-lakh passengers per day.
When metro had started its operations on December 25, 2002, the minimum fare was Rs 4 and maximum was Rs 8.
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