Railways raises loading rates

Cargo, Default — By on March 20, 2012 at 1:13 pm

The Indian railways has announced in increase of between 10-15 per cent on loading charges for several commodities. It also scrapped a four per cent exemption on loading charges for fertilizer and food grains. The new rates came into effect starting 5 March. The department had increased freight rate by four per cent on some commodities in 2010 to meet rising fuel cost and higher wages but had exempted foodgrains and fertilizers from the increase. The department pointed out that the increase will not affect the common man as the burden will be taken by government agencies like Food Corporation of India. The department also said that it is decreasing the freight on iron ore meant for exports to Rs. 2,425 rupees per tonne, a decrease of 16 per cent. Iron ore accounts for 15 per cent of railway freight earnings. The Indian railways is expected to generate Rs. 70,000 crore from freight earnings in the current fiscal.

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