Indian Railways on 20 June 2014 increased the passenger fare by 14.2 percent in all classes and freight charges by 6.5 percent. The revised rates will be effective from 25 June 2014.
Under the passenger fare hike, there was a flat 10 percent increase in all classes and an additional 4.2 percent increase under fuel adjustment component (FAC)-linked revision scheme has been made. With this one of the biggest hike, the cash-strapped railways will be able to garner 8000 crore rupees annually through the pre-budget decision.
The Railways had earlier issued a notification on May 16 effecting hike in passenger fare by 14.2 percent across the board and freight charges by 6.5 percent from May 20. However, it was withdrawn by the UPA government in light of the Lok Sabha elections.
Who: Indian Railways
When: 20 June 2014