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Article Abstract:
The Railway Ministry (of Government of India) has taken its maiden step towards decreasing the cross subsidies on freight and is rationalising the passenger fares. It has increased the passenger to freight tariff ratio to 42 percent, four percent higher than that a year ago. The Ministry has also decided not to exempt foodgrains and essential commodities from the effective hike in freight rates. But even passenger fares for the lower end, in particular sleeper class fares, have been raised sharply. Since this segment contributes more than 90 percent of revenues, the percentage of crosssubsidisation is substantially reduced.- Editorial-(um)(psr)
Comment:
The Railway Ministry (of Government of India) has taken its maiden step towards decreasing the cross subsidies on freight and is rationalising the passenger fares.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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ROLLING STOCK PROCUREMENT CUT BY 30%
Article Abstract:
The Indian Railways has reduced its rolling stock procurement programme by 30 percent to 18,750 four-wheeler wagons in 1999- 2000 due to the negative growth in freight traffic movement in 1998-99. The Railway Budget had declared a procurement plan of 26,000 four-wheeler wagons in 1998-99 but the actual procurement is expected to be about 23,500 wagons by the end of 1998-99. The lower procurement will lead to a capacity utilisation of about 70 percent in the wagon building industry. (khr)
Comment:
The Indian Railways has reduced its rolling stock procurement programme by 30 percent to 18,750 four-wheeler wagons in 1999- 2000 due to the negative growth in freight traffic movement in 1998-99.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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