Rail freight rate up; small units to get affected
Updated: Sep 28, 2013 03:09:02pm
New Delhi, Sept 28 (KNN) Small units may get hit with railways announcing a hefty 15 per cent increase in the freight charges from October-1.
“The busy season charge of 15 per cent on all commodities will remain in force from October-1 to June, 2014,” said an official announcement.
The decision to levy busy season charges comes at a time when wholesale inflation has also increased to 6.1 in August from 5.79 per cent in July. It will have a direct impact on inflation as this will raise the transportation cost.
Further, the government will review the fuel adjustment component (FAC) on October-1, which is done after every six months to adjust fuel prices. Besides freight rate, FAC also covers passenger fare.
Meanwhile, the busy season charge is not levied during the period between July to September as these three months are considered a lean season. (KNN/GUNJ)
“The busy season charge of 15 per cent on all commodities will remain in force from October-1 to June, 2014,” said an official announcement.
The decision to levy busy season charges comes at a time when wholesale inflation has also increased to 6.1 in August from 5.79 per cent in July. It will have a direct impact on inflation as this will raise the transportation cost.
Further, the government will review the fuel adjustment component (FAC) on October-1, which is done after every six months to adjust fuel prices. Besides freight rate, FAC also covers passenger fare.
Meanwhile, the busy season charge is not levied during the period between July to September as these three months are considered a lean season. (KNN/GUNJ)
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