Rail fare raised by 14.2 per cent

New Delhi, June 20 In one of the biggest hikes, the cash-strapped railways today raised passenger fares by 14.2 per cent for all classes and increased freight rates by 6.5 per cent to garner Rs 8000 crore annually through the pre-budget decision.

The decision, which will come into effect from June 25 and apply on basic fare, comes nearly a week after Prime Minister Narendra Modi said the country should be ready for “tough decisions”.