Search Result for : Freight Traffic

The Dollar Business Bureau The Government has decided to discontinue the Freight Subsidy Scheme, 2013, notified vide notification F.No.11(5)/2009-DBA-II/NER dated 22.01.2013, immediately. Only those industrial units that were registered under the Freight Subsidy Scheme, 2013 prior to the date of issue of this notification alone will be eligible for the benefits of the scheme. Those units that were registered under the erstwhile Transport Subsidy Scheme (TSS), 1971 prior to 22.01.2013 who are eligible for subsidy under the provisions of TSS, 1971, will continue to be eligible for residual benefits as per provisions of notification F.No.11(5)/2009-DBA-II/NER dated 22.01.2013. The Government has also directed that the disbursement of subsidies to eligible industrial units will be only through Direct Benefit Transfer mechanism or in other words ...

Through this 5-year-long MoU which also has scope for extension for five more years, the two countries intend to take further existing cooperation in bilateral trade and investment. The Dollar Business Bureau Under the MoU, both the sides intend to develop cooperation activities in the Railways, which include Railways policy development, regulations, exchange of knowledge & technical expertise, innovation, technology, sustainable solutions and research   In a move towards drawing global-level technical standards and foreign investments into Railways, the Indian Ministry of Railways on Monday signed a Memorandum of Understanding with the Swedish government for technical cooperation. A MoU has been signed between Girish Pillai, Advisor, Infrastructure, Ministry of Railways and Oscar Stenstrom, State Secretary, Ministry of Enterprise and Innovation of the Kingdom of ...

The Dollar Business Bureau | @TheDollarBiz Ministry of Railways is targeting total freight loading of 1,101 million tonnes in FY2014-15   South Korea will cooperate with India and provide its technical expertise to modernise the Indian railways under a Memorandum of Understanding (MoU) signed between India’s Ministry of Railways and the Ministry of Land Infrastructure and Transport (MOLIT) of South Korea in Seoul today. Arunendra Kumar, Chairman, Railway Board represented India during the signing of the MoU, while the Korean side was represented by Yeo Hyung Koo, Vice-Minister, MOLIT. India’s Ministry of Railways said in an official statement, "The MoU would enable technical assistance and cooperation between the Railways of the two countries on areas such as High Speed Rail, Modernisation ...

The Dollar Business Bureau | @TheDollarBiz   Roads account for around 60% of total freight traffic in India   The World Bank says that supply chain inefficiency is a major obstacle to manufacturing growth and competitiveness, and the goods and service tax (GST) offers a unique opportunity for the Indian government to reform logistics networks in the country. The GST was first proposed by the Indian government in 2006-07 and was planned for implementation by 2010, but consultations are still on in India. According to India’s Central Board of Excise and Customs (CBEC), GST will help combine the various taxes levied by the Central and State governments into a single tax and remove double taxation. This will make things cheaper and reduce the ...

Freight revenue earnings during April-September 2014 stand at around 45% of the targeted Rs.1,05,770 crore for the full year FY2014-15 The Dollar Business Bureau | @TheDollarBiz Railways carried 532.44 million tonnes of commodity-wise freight traffic in the first six months of FY2014-15, which is up about 4.2% from 511 million tonnes carried during the corresponding period last year, and around 48% of the targeted 1,101 million tonnes for the full year FY2014-15, according to the Ministry of Railways. Commodity-wise freight revenue earnings during April-September 2014 stood at Rs.48,062.07 crore (about $7.8 billion), up 10.59% from Rs.43,457.78 crore (about $7.2 billion) earned during the corresponding period last year. Earnings during the month of September 2014 stood at Rs.7,703.85 crore, which is ...

The Dollar Business Bureau | @TheDollarBiz Ministry of Railways is targeting total freight loading of 1,101 million tonnes in FY2014-15   Revenue earning freight traffic carried by Indian Railways has increased to around 357.57 million tonnes during April - July 2014, which is up about 14.57 million tonnes or about 4.2% from 343 million tonnes recorded during the same period last year, according to India’s Ministry of Railways.   In July 2014, the revenue earning freight traffic carried by Indian Railways stood at around 89.89 million tonnes, up about 3.68 million tonnes or 4.27% from 86.21 million tonnes carried by the Indian Railways during the same period last year. The Ministry of Railways is targeting total freight loading of 1,101 million tonnes in ...