New Delhi: In an effort to spice up freight earnings, the Ministry of Railways has taken yet another step on this route by giving Zonal Railways a free hand to provide concessions on freight prices for a restricted distance. Railways would give concession on freight prices for the freight booked for as much as a distance of 100 km, in line with the brand new transfer.
This resolution was taken by the ministry and was put to drive from 01.07.2020 to 30.06.2021, for the motion of all site visitors besides Iron Ore, coal and coke, metal, navy site visitors, rail materials consignments, and container site visitors.
The matter was reviewed by the Railway Board lately and the board has determined that the interval of validity will be prolonged by Zonal Railways. “But this extension will be based on the condition that the Zonal Railway has to enter into a long term agreement, not exceeding 10 years with the customer for granting Short Lead concessions,” stated the official assertion.
Further to this, the settlement shall even have a clause of enhanced loading dedication that must be supported with Bank Guarantee.
In this new resolution, Railways stated that relying upon the dedication, Zonal Railway might resolve on the proportion of concession.
The Ministry has made clear that the accountability will solely lie upon the Zonal Railways to guage the achievement of site visitors dedicated and income projections yearly and notice the unmet income from the shopper or from Bank Guarantee on the finish of the yr.
During Unlock 3.0, Indian Railways revised Freight Policy to spice up its freight site visitors, giving extra relaxations to clients.
The revised Freight Policy measures of Indian Railways are:
Alternate Goods shed Policy: Terminal Charge shall not be levied on site visitors booked from alternate items sheds, as a substitute of recognized busy items shed.
Free time leisure for lined wagons: Zonal Railways are empowered to loosen up the free time as much as double of regular free time and/or non-levy of demurrage/wharfage in case of lined inventory throughout lean season i.e. as much as 30.09.2020.
Permission to simply accept street weighbridge weighment to sure items sheds of South Central Railway for loading of Granite- all paperwork and knowledge to be captured within the system.
A reduction of 5% on haulage cost per twenty-foot equal unit (TEU) charges is given on loaded containers from 04.08.2020 to 30.04.2021.
Piecemeal site visitors aggregation below Traditional Empty Flow Direction: Lower restrict relaxed to 10 wagons below empty circulation streams to focus on piecemeal site visitors in lined wagons like (BCN and BCNHL).
Industrial Salt: Classification has been lowered from class 120 to class 100A and loading is allowed in bulk/ unfastened in open wagons, in order to re-capture and acquire further site visitors.
Two-point loading in vehicle: Operational flexibility given to the auto sector with two-point loading.
Concession to unfastened/bulk Fly ash: A concession of 40% is given for loading in open wagons lined with Tarpaulin.
Stabling Charge on container site visitors: Not to be levied on container site visitors from 18.05.2020 to 31.10.2020.
Terminal Access Charge Concession @50% has been granted on container site visitors dealt with at Group-III Container Rail Terminals.