New Delhi: Here comes a monsoon offer from Railways. This year for the first time in the history of Indian Railways, there will be some freight discount and loyalty bonus schemes.
As the demand for freight transportation dips from 1st July to 31st October, Railways have proposed a freight rebate of 15 per cent for incremental freight revenues of over Rs 5 crore a month and 10 per cent if the incremental earning is less than Rs 5 crore.
This rebate will be applicable for all commodities except coal and minerals.
And that’s not all. Railways will also dole out a discount of 30 per cent during the non-peak season and 20 per cent during peak season.
This will be applicable to all items loaded in covered wagons, but in case of open wagons, the discount will not be available on coal, coke iron ore for export.
In the peak season the discount will be available for open wagons up to 1000 kms only.
To encourage transportation of cement and iron and steel by rail, if over 90% of the production of any steel or cement factory is transported by rail, a discount of 1 per cent in freight will be given.
If it’s from 50 per cent to 90 per cent of the total production, then half a percent discount will be given but only on the transportation of finished products not on raw materials.
And for long-term users, Railways will offer a discount of up to 20 per cent in the non-peak season and up to 10 per cent in the peak season over normal rates for three years.
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