Rail freight on grains, coal to rise from Apr 1
31 March 2015 6:10 AM IST
Aiming to mop up an additional Rs 4,000 crore in goods earning, the Railways will increase its freight rates for several commodities including grains, pulses, urea, coal and cement from April 1 as proposed in the Railway Budget 2015-16.
While sparing passengers in his Rail Budget, Railway Minister Suresh Prabhu had proposed an average hike of 3.2 per cent in freight rates which is expected to have a direct impact on consumers of essential commodities and steel and aluminium industries.
Freight rates for carrying grains, pulses and urea would be increased by 10 per cent from the next fiscal, while coal rates would be raised by 6.3 per cent. Cement freight rate has been proposed to be increased by 2.7 per cent, while a hike by 3.1 per cent is expected on scrap and pig iron rates.
Railways has set an ambitious target of carrying 1,186 million tons (MT) of goods in the 2015-16 fiscal as against 1,105 MT in the current fiscal.
While sparing passengers in his Rail Budget, Railway Minister Suresh Prabhu had proposed an average hike of 3.2 per cent in freight rates which is expected to have a direct impact on consumers of essential commodities and steel and aluminium industries.
Freight rates for carrying grains, pulses and urea would be increased by 10 per cent from the next fiscal, while coal rates would be raised by 6.3 per cent. Cement freight rate has been proposed to be increased by 2.7 per cent, while a hike by 3.1 per cent is expected on scrap and pig iron rates.
Railways has set an ambitious target of carrying 1,186 million tons (MT) of goods in the 2015-16 fiscal as against 1,105 MT in the current fiscal.
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