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Indian Railways' strained financial condition compelled yesterday's decisions to raise freight rates by around 20 per cent.
However, the rise would hit harder at the existing problem of competing with road transport. "To do this without raising passenger fares is not right. This is subsidising household consumption from industry and will definitely result in reducing the railways' freight share, compared to roads," said Rajiv Kumar, secretary general of Federation of Indian Chambers of Commerce and Industry
Railways say freight rates had to rise Ficci raps decision
However, the rise would hit harder at the existing problem of competing with road transport. "To do this without raising passenger fares is not right. This is subsidising household consumption from industry and will definitely result in reducing the railways' freight share, compared to roads," said Rajiv Kumar, secretary general of Federation of Indian Chambers of Commerce and Industry
Railways say freight rates had to rise Ficci raps decision