Indian Railways hiked passenger fares by 14.2% in all classes and freight charges by 6.5% with immediate effect on Friday.
The Railway passenger fare and freight rate revision was done as part of interim budget presented by the previous government. But the implementation of revised rates was withdrawn by previous regime because of the elections.
Meeting the annual expenditure would not be possible unless the revised rates as finalized by previous government is implemented, hence order of withdrawing implementation of revised fare and freight has been withdrawn.
Accordingly, the revised passenger fare and freight rates & freight structure rationalization will come into effect from 25th June 2014. More info