New Delhi: The Indian Railways on Wednesday rationalised its freight rates to ensure additional revenue generation across the network for improved passenger amenities.
This is expected to result in an 8.75 percent increase in freight rates for major commodities such as coal, iron and steel, iron ore, and raw materials for steel plants, read a statement.
Furthermore, the haulage charges of containers have been increased by 5 percent and the freight rates of other small goods have been increased by 8.75 percent.
"The freight rates of food grains, flours, pulses, fertilisers, salt, and sugar have not been increased, keeping in mind farmers and the common man. Additionally, the freight rates of cement and petroleum (including diesel) have not been increased," the statement added.
This decision 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, etc.