Railways Increases Freight Rates for Major Commodities by Almost 9 Per Cent
The railways has effected a 8.75-per cent increase in freight rates for major commodities such as coal, steel, iron ore, and raw materials for steel plants, according to an official statement on Wednesday.
New Delhi, Oct 31 (PTI) The railways has effected a 8.75-per cent increase in freight rates for major commodities such as coal, steel, iron ore, and raw materials for steel plants, according to an official statement on Wednesday.
"The decision to rationalise freight rates will result in additional revenue generation for Indian Railways to the tune of Rs 3,344 crore. The additional revenue will further help enhance various aspects of Railways including safety, service, punctuality," the statement said.
The freight rates for food grains, flours, pulses, fertilisers, salt and sugar have not been increased, keeping in mind farmers and the common man. Freight rates for cement and petroleum products, including diesel, have also not been increased.
Haulage charges for containers have been increased by 5 per cent and freight rates of other small goods have been increased by 8.75 per cent.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)