Under the dual freight policy, transportation costs for iron ore or iron ore pellets meant for export were higher than that for loadings meant for domestic use.
In an interview with CNBC-TV18‘s Sonia Shenoy and Anuj Singhal, Shriram Transport Finance‘s Umesh Revankar spoke about the trends in the commercial vehicle industry and whether he sees credit offtake picking up on increasing demand.
Railway Minister Suresh Prabhu's Budget had plenty of ideas on ways to improve the four Cs: cleanliness, capacity, comfort and even catering. But it missed out on one important C: capital.
Despite growing in scale, Indian Railways has stagnated, thanks to the perennial dilemma of whether it operates as a commercial organization or serves as a welfare enterprise.
Sachin Bhanushali, Gateway Rail Freight told CNBC-TV18 that increase in freight rate alone, is not a good thing to happen and he was expecting a bit of fuel surcharge on the passenger fare as well.
Freight rates on certain goods like cement, iron ore and coal are going to rise by more than 5 per cent with service tax and busy season charge coming into force from October 1.