As part of "tough measures" to revive the economy, the Narendra Modi government on Friday approved a steep hike in railway passenger fare <br />and freight rates. Effective from June 25 (post midnight of 24th), fares will be raised by 14.2 per cent while freight will be up by 6.5 per cent.<br />As much as 10 per cent of the hike in the fare is a flat revision while the remaining 4.2 per cent is on account of a Fuel Adjustment Component as approved in the budget.<br />Railway minister Sadananda Gowda had sought the approval of PM Natendra Modi to implement the hike because it was essentially a political decision for the new government.<br /><br /><br />For More information on this news visit: http://www.itvnewsindia.com/<br />For More information on this news, visit: http://www.indianews.ind.in/<br />Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV<br />Subscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindia<br />Connect with us on Social platform at: https://www.facebook.com/pages/India-News/371196196360607
