![]() Financial Daily from THE HINDU group of publications Friday, Mar 15, 2002 |
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Opinion
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Letters Suburban rail fare
An average monthly pass on Mumbai's suburban section costs only 2 per cent of a monthly metro pass in Washington, D.C. If you consider that the rupee is approximately 2 per cent in value to the dollar, the Purchasing Power Parity Principle underscores that the fare difference should be what it is. But the levels of service are a different matter altogether, in which unfortunately, economics cannot help. Ganesh S. Melatur
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