Freight

  • Railway's freight earnings go up by over 7 per cent July 15, 2014

    New Delhi: Earnings of Railways from freight has increased by over seven per cent in the first quarter of 2014 as compared to the corresponding period last year. Railways have earned Rs 24,541.96 crore from freight traffic during April-June 2014 as compared to Rs 22,795.55 crore during the corresponding period last...
  • Freight traffic up by over four per cent July 11, 2014

    New Delhi: Railways has carried 267.68 million tonnes (MT) of freight traffic during April-June 2014 period as against 256.79 MT carried in the corresponding period last year, registering an increase of 4.24 per cent, accoding to Railway ministry data. Railways transported 87.14 MT freight in June this year as against...
  • Indian Railways freight revenues increases by 7.05 per cent June 18, 2014

    New Delhi: The Indian Railways on Wednesday reported an increase of 7.05 percent in revenues at Rs 16,405.26 crore from ferrying 180.63 million tonnes of different commodities during April-May 2014. The railways had carried 171.84 million tonnes freight generating revenues of Rs 15,324.25 crore during the corresponding period last year. According to...
  • Train fares to go up by over 14 per cent from May 20 May 17, 2014

    With the elections coming to an end, railways on Friday hiked both passenger fares and freight rates by 14.2 per cent and 6.5 per cent respectively, effective from May 20. The move would put an additional burden on train passengers for all classes, said a senior Railway Ministry official. While a...
  • World Bank to prepare blueprint for three UP growth clusters September 21, 2013

    The World Bank has agreed to prepare a blueprint for the three regional growth clusters proposed in Uttar Pradesh on the Eastern Dedicated Freight Corridor (EDFC), Principal Secretary (Industrial and Infrastructure Development) Surya Pratap Singh said on Saturday. The proposed regions are Auraiya-Kannauj-Kanpur, including Kanpur Dehat; Allahabad-Varanasi, including Kaushambi and Sant...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike August 27, 2013

    New Delhi: The economic scenario turned more gloomy on Tuesday with the rupee tumbling to a fresh low and breaching 66 vs the US dollar. The markets crashed too with the Sensex falling over 600 points during the intraday trade and finally closed 590.05 points down. Crude oil prices also...
  • Hike in freight tariff from October, says MoS Railways August 27, 2013

    Railways is likely to take a decision on further hike in freight tariff in October when it will review the fuel adjustment component (FAC) in the wake of rising energy cost but passenger fares will not be touched. "Tariff has already been increased. As per the proposal of the budget, it...
  • Tamil Nadu CM Jayalalithaa condemns diesel price hike May 11, 2013

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Friday described as unjust the latest hike in diesel prices as she slammed the Centre with having failed to take steps to control skyrocketing prices and "scams in all departments." This was the fourth time oil companies have effected hike since January...
  • Further hike in surcharge on Railway bookings likely March 13, 2013

    New Delhi: Justifying the hike in charges on various counts announced recently, Railway Minister Pawan Kumar Bansal on Wednesday hinted at further increase in surcharge on bookings and cancellations for balanced development of the country's largest transporter which has "limited resources". Replying to a debate on the Rail...
  • Rail freight hike on coal may raise power tariffs February 26, 2013

    New Delhi: The proposed increase in coal freight rate by 5.7 per cent in the Railway Budget 2013-14 will have no effect on the coal sector but may lead to a marginal increase in the electricity tariffs. Railways Minister Pawan Kumar Bansal sought to increase the freight rate on coal...
  • Rail freight hike on diesel may lead to rise in retail prices February 26, 2013

    New Delhi: Railways on Tuesday hiked freight rates for moving diesel and cooking fuels by almost 8 per cent, a move that may result in marginal hike in retail fuel prices. Freight on diesel was increased by 5.79 per cent to Rs 1,041.80 per tonne from Rs 984.80 a tonne...
  • WB companies in major rail freight evasion scam February 6, 2013

    New Delhi: The state and the taxpayer are losing crores of railway revenue to freight evasion even though CNN-IBN had first reported on the freight evasion scam in September 2011. CNN-IBN has now accessed seven demand notices sent to companies in West Bengal, including the Rashmi group, which was accused...
  • AC train fares to cost more from today October 1, 2012

    New Delhi: Train fares of all AC classes will become costlier by more than 3 per cent from Monday. The new service tax of 3.708 per cent, as per the government notification, will be levied on AC First Class, Executive Class, AC-2 tier, AC-3 tier, AC Chair Car and freight. ...
  • AC train fares, freight rate to go up from Oct 1 September 27, 2012

    New Delhi: All AC train fares, freight tariff and cost of food at railway stations will go up from October 1 with the coming into force of service tax on them. This follows a decision taken at a meeting between Railway Minister CP Joshi and Finance Minister P Chidambaram. ...
  • Railways yet to decide on freight hike September 14, 2012

    New Delhi: Railways have no plans as yet to increase freight charges despite the steep hike in diesel prices which have put an additional burden of over Rs 1200 crores on it. "There is no move as yet to increase freight charges even if it (diesel price hike) hits us...
  • Diesel price hike, LPG limit: India erupts in protest September 14, 2012

    New Delhi: The politically tough decision of hiking diesel price and limiting the usage of LPG to just six cylinders in a year on subsidised rate has led to nation-wide protests with the UPA constituents as well as the Opposition parties taking to the streets, demanding an immediate rollback. Massive protests...
  • New service tax makes travel, holidays costlier July 1, 2012

    New Delhi: Get ready to pay even more. The new 12 per cent additional Service Tax comes into effect from Sunday. The new tax covers all services except 38 activities that are put on the negative list. The switch-over to a negative list is aimed at unifying the tax and levies...
  • Service tax on railway freight from July 1 June 8, 2012

    New Delhi: Close on the heels of railways increasing parcel rates by 25 per cent, the freight charges will go up by about 3.6 per cent from July 1 with imposition of service tax. "The government had given service tax exemption on goods carried by railways till June 30, 2012....
  • 'Contract for dedicated freight corridor in 2012-13' March 15, 2012

    New Delhi: Indian Railways will award contract for construction of about 1,000 route km on eastern and western dedicated freight corridors (DFCs) in the next fiscal, Railway Minister Dinesh Trivedi said on Wednesday. "It is expected that the contract for civil and track works for about...
  • Why the Railways are in a mess March 14, 2012

    New Delhi: It has been almost a decade since Railway passenger fares were increased and its finances are in the red. The Indian Railways is the country's 24*7 lifeline, registering 23 million passengers and up to 2.65 million tonnes of freight traffic per day. With the Railway finances going from bad...
  • Modi writes to PM, protests railway freight hike March 7, 2012

    Ahmedabad: Gujarat Chief Minister Narendra Modi on Wednesday wrote another letter to Prime Minister Manmohan Singh, protesting 20 per cent hike in rail freight rates. In the last two weeks, Modi has written four letters to the PM, opposing various central policies/decisions. ...
  • Railway freight rates up ahead of budget March 13, 2012

    New Delhi: Railways on Tuesday withdrew four per cent exemption on fertiliser and foodgrain loading rates besides making a 10-15 per cent upward revision of other commodities ahead of Rail Budget. In 2010, Railways has increased freight rate by four per cent on some key commodities such as sugar and some...
  • Budget: Miners want change in export levy, rail freight March 5, 2012

    The harried iron ore industry, which has been hit by Supreme Court clampdown following rampant illegal mining, hopes to get some respite in the form of duty rationalisation in exports along with freight charges in the upcoming Budget, industry players have said. "We hope the government will reduce export levy...
  • Railway Budget: PM is all praise for Mamata February 25, 2011

    New Delhi: Prime Minister Manmohan Singh on Friday said no increase in freight rates and passenger fares in the Railway Budget would reduce inflation. "It is a common man's budget without increase in freight and passenger fares, thereby it will help to weaken cost push element of inflation," Singh told reporters...
  • Rail Budget: passengers expect better hygiene February 25, 2011

    Mamata Banerjee is also expected to not increase passenger fare ahead of assembly elections in West Benagal. ...
  • Railway project falls victim to corruption December 8, 2010

    New Delhi: The Managing Director of the Freight Corridor Corporation of India Ltd is under the scanner for major corruption charges. The dedicated freight corridors are and ambitious project dedicated to increase the revenues of the Indian Railways by fulfilling the ever-growing transport needs of the country. But VK Kaul, a...
  • Air fare, freight charges may go up next week March 4, 2010

    New Delhi: After UPA chairperson Sonia Gandhi's stamp of approval to fuel price hike and service tax in the Union Budget 2010 here on Thursday, air fare and freight charges are likely to go up by next week. The airline CEOs say they cannot absorb the service tax levied in...
  • Passenger fare hike unlikely in R-Budget February 15, 2010

    New DelhiRailway Minister Mamata Banerjee is likely to present a populist budget leaving passenger fares untouched, but rationalising the freight rates keeping the essential commodities aside. Though the Railway Board is insisting on raising fares keeping the PSU's financial condition in mind, insiders said the minister is "dead against" carrying out...
  • 10 killed, 50 injured as freight train explodes in Italy June 30, 2009

    Viareggio (Italy): At least 10 people were killed and 50 injured after a freight train derailed and two railway cars filled with liquid gas exploded at a station in the Tuscan port city of Viareggio early on Tuesday. Fire officials said the gas tankers derailed and exploded shortly after midnight, and...
  • Freight plane crashlands in Tokyo, bursts into flames March 23, 2009

    Tokyo: A Federal Express freight plane crashed on Monday morning on landing at Narita airport near Tokyo and burst into flame, media reports said. CNN showed footage of the crippled plane bouncing twice, as it veered off the runway aflame. Strong crosswinds bounced the plane - an MD-11 coming from China...