Indian Railway has recently modified the policy of Parcel van leasing through Premium trains like Shatabdi, Jan-Shatabdi, Duronto Express, Rajdhani Express trains to provide more facilities to transporters.
- As per the new modified policy, leasing of LHB type parcel vans has been permitted by trains like Rajdhani express and Duronto Express trains on end to end basis.
- Leasing of parcel vans has also been permitted by ordinary passenger trains subject to no loss of punctuality of those trains due to loading/ unloading operation.
- Moreover Indian Railway has also decided to amend the Security deposit/Performance Guarantee clause for leasing of the Parcel Cargo Express Trains.
- Now the successful bidder has to deposit the security deposit equivalent to 5% of the contract value within 30 days from the date of issuance of the “Letter Of Acceptance”.
- The Security deposit/Performance Guarantee for leasing out one Brakevan (SLR) has also been modified to 5% of the annual contractual value in place of 10% as required earlier subject to a minimum of Rs. 1 lakh.
- For single Parcel Van (VP) the amount has also been modified to 5% of the annual contractual value in place of 10% as required earlier subject to a minimum of Rs. 4 lakh.
- All the above modifications are expected to immensely help the transporters to book their commodities in a more cheaper, faster and hassle free manner to transport their commodities.
Recent acheivement:
Meanwhile, Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of November 2020 for Indian Railways. On mission mode, Indian Railways’ Freight loading for the month of November 2020 crossed last year’s loading and earnings for the same period.
- In the month of November 2020, Indian Railways loading was 109.68 million tonnes which is 9% higher compared to last year’s loading for the same period (100.96 million tonnes).
- In this period Indian Railways earned Rs.10657.66 Crores from freight loading which is also Rs. 449.79 Cr.(4%) higher compared to last year’s earnings for the same period (Rs. 10207.87 crores).
- In the month of November 2020, Indian Railways loading was 109.68 million tonnes which includes:
- 48.48 million tonnes of coal
- 13.77 million tonnes of iron ore
- 5.1 million tonnes of foodgrains
- 5.41 million tonnes of fertilizers
- 6.62 million tonnes of cement (excluding clinker)
- During this period, average wagon loading per day in November 2020 is 58,726 which is 4.6% higher than October, 2020 (56,128 wagons).
- Despite festival holidays and Cyclone Nivar affecting freight loading, Indian Railways continue to register impressive figures in freight loading in the last three months (in October 15%, in September 15%) suggesting steady economic recovery.
- It is worth mentioning that a number of concessions/ discounts are also being given in Indian Railways to make the Railways Freight movement very attractive.
- It may be noted that improvements in freight movements will be institutionalized and incorporated in the upcoming zero based time table.
- Covid-19 has been used by Indian Railways as an opportunity to improve all round efficiencies and performances.
Source: Northeast Frontier Railway-Update
