Live
- Three persons admitted to hospital for diarrhea treatment
- First Star Outside Milky Way Captured: WOH G64 is 2,000 Times Larger Than the Sun
- Sikkim govt to constitute state Niti Ayog: CM Tamang
- CBI books Rajasthan narcotics inspector for Rs 3 lakh bribe
- Rajasthan bypolls: A tough contest between BJP and Congress
- Albania joins SEPA, paving way for EU integration
- Japanese government approves 250-billion USD economic package to ease price pain
- Six pharma companies to set up their units in Telangana
- The Unstable Events of a 17-Wicket Day in Perth: India vs Australia
- Dutch FM's Israel trip cancelled after Netanyahu's arrest warrant
Indian Railways revises its Freight Policy during Unlock 3.0
Indian Railways
Indian Railways on Tuesday further revised its Freight Policy during Unlock 3.0 to promote economical activities and freight traffic.
Indian Railways on Tuesday further revised its Freight Policy during Unlock 3.0 to promote economical activities and freight traffic. The new policy measures are expected to further boost the incentives for all freight customers to transport their goods through Railways.
Railways Ministry said, more relaxations have been provided to the customers by a slew of incentives. These incentives are expected to boost the economy.
Railways has already overtaken last year's figures for the corresponding period. So far in August 2020, it has loaded 8.64 MT freight as compared to 8.37 MT last year same period. It hopes to achieve great results despite many challenges during the COVID-19 situation with revised freight policy.
The Ministry said, Railways is on a mission mode to boost freight traffic. In spite of COVID-19 related challenges, Railways has already overtaken freight loading figures of the same period last year.
The Ministry said, these new policy measures will further boost the incentives for all freight customers to transport their goods through Railways.
Stabling Charge will not be levied on container traffic till October 31, 2020.
Terminal Charge will not be levied on traffic booked from alternate goods sheds, instead of identified busy goods shed. A concession of 40 per cent is given for loading in open wagons covered with Tarpaulin.
Measures adopted under the revised Freight Policy are
1) Alternate Goods shed Policy: Terminal Charge shall not be levied on traffic booked from alternate goods sheds, instead of identified busy goods shed.
2) Concession to lose/bulk Fly Ash: A concession of 40 per cent is given for loading in open wagons covered with Tarpaulin.
3) Free time relaxation for covered wagons: Zonal Railways are empowered to relax the free time up to double of normal free time and/or non-levy of demurrage/wharfage in case of covered stock during lean season i.e. up to October 30, 2020.
4) Permission to accept road weighbridge: Weighment to certain goods sheds of South Central Railway for loading of Granite. All documents and data to be captured in the system.
5) Concession on Terminal Access Charge: 50 per cent concession has been granted on container traffic handled at Group-III container rail terminals.
6) No Stabling Charge: No stabling charge will be levied on container traffic from May 18, 2020, to October 31, 2020.
7) Discount on Haulage Charge: A discount of 5 per cent on haulage charge per twenty-foot equivalent unit (TEU) rates are given on loaded containers from August 4, 2020, to April 30, 2021.
8) Piecemeal traffic aggregation under Traditional Empty Flow Direction: Lower limit relaxed to 10 wagons under empty flow streams to target piecemeal traffic in covered wagons like (BCN and BCNHL).
9) Industrial Salt: Classification has been lowered from class 120 to class 100A and loading is allowed in bulk/ loose in open wagons, to re-capture and gain additional traffic.
10) Two-point loading in an automobile: Operational flexibility given to the automobile sector with two-point loading.
