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The minimum fare on private buses are likely to be raised to Rs 10 from the current Rs 8, sources say.
It is not known the extent to which the new ticket prices for various fare stages could be revised.
Transport Minister Antony Raju and Private Bus Owners Coordination Committee held talks on Monday after the Private Bus Owners called for a indefinite strike from November 9.
The minister said the demands raised by the bus owners will be taken into consideration and efforts will be made to find a resolution in 10 days (by Nov 18).
