New Delhi: Several expectations galore as Union Railway Minister Suresh Prabhu is all set to present his second Rail Budget in Parliament on Thursday.

Prabhu will leave from Rail Bhawan carrying Rail Budget documents at 11:25 am and will present the Budget in Lok Sabha at 12 noon.

Keeping in sync with the expectations of the people, it is believed that hike in passenger fare is unlikely.

While announcement of new trains is unlikely for the second consecutive year, new service will be launched selectively to cater to the local requirement and demands.

Railways had effected a 14 percent across-the-board hike in passenger fares in 2014 during the NDA regime and a 10 per cent increase last year.