Railway hikes freight rates by 8 per cent
INDIAN RAILWAYS on Monday effected an up to eight per cent hike in
freight rates for cement, coal and coke - a move which the industry criticised
as going against the spirit of a stimulus package announced by the government.
As a result, the freight rates stand revised higher by 7-8 per cent per tonne
with effect from today, as per a notification issued on November 28. The
cement industry said this could lead to an average around Rs 1 per bag increase
in transportation cost of the construction material, thinning the relief to
consumers that could have resulted from 4 per cent excise duty cut.
http://www.deccanchronicle.com/Business/Business.asp#Railway%20hikes%20freight%20rates%20by%208%20per%20cent
Time will explain it all. He is a talker, and needs no questioning before he
speaks.
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