railways

Stimulus-II: Lalu in sync with rest of UPA

Surabhi
Posted: Tuesday, Jan 06, 2009 at 2342 hrs IST
Updated: Tuesday, Jan 06, 2009 at 2342 hrs IST

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New Delhi: ports, an extension of the earlier policy is meant only for long distance iron ore moved in the highest freight class of 200X, and will continue for the rest of the fiscal. This could mean a minimum discount of Rs 200 per tonne and could go up to as much as Rs 1,500 per tonne or more on iron ore transportation and is of some help to iron ore producers, who have been battling a slump in demand as well as crashing prices of the metal.

Iron ore traffic meant for exports from two additional railway zones of South East Central Railway and West Central Railway will also enjoy the same freight discount as a further incentive. “We were already offering some rebates, but are increasing the extent of rebate now as we want to boost traffic, “an official involved with the process said....

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