Modi govt hikes LPG cylinder prices

"Meeting the annual expenditure would not be possible unless the revised rates as finalised by previous government is implemented, hence order of withdrawing implementation of revised fare and freight has been withdrawn," said the Railway Ministry, which is incurring a loss of about Rs 900 crore per month in passenger segment. "Accordingly, the revised passenger fare and freight rates and freight structure rationalization will come into effect from June 25, 2014," it said in a statement.