Railways weighs freight rate cut as volumes slip

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SummaryRailway minister Pawan Kumar Bansal may have a surprise in store for the industries transporting goods by rail.

were idle almost everyday, causing a loss of 4 mt of freight loading,” the official said.

The recent passenger fare hike would earn railways somewhere between Rs 6,000 crore and Rs 7,000 crore extra in a full year. The proposed freight cut will reduce passenger to freight ratio further which at present is 0.26:1, way below 1.4:1 for Korea, 1.3:1 for France and 1.2:1 for China. Rail freight rates in India are already high in comparison to China and the US.

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