New Delhi, April 9 (IANS) Railways are set to play a key role in driving India’s economic growth as the country targets a freight capacity of 3,000 million tonnes by 2030, a report has said.As per the ASSOCHAM-AESCLA report, railways currently account for up to 30 per cent of freight movement, indicating substantial growth potential.It highlighted that the sector is undergoing rapid transformation, driven by initiatives such as Dedicated Freight Corridors and near-complete electrification, whi…
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Amaravati, April 8 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday directed officials to study various models to reduce the operational cost of electric buses. Currently, the operational cost of electric buses is about Rs 72 per km.At a review meeting on roads and highways, he asked officials to explore models to bring down costs further. Key areas of focus include expanding charging infrastructure and standardising battery systems. He also suggested that all categories of…
New Delhi, April 6 (IANS) Pakistan’s decision to raise petrol prices to Rs 458.40 per litre, with a petroleum levy of Rs 161 per litre, risks “a structural shock on an already fragile economy,” a new report has said.The report from Business Recorder said that the hike necessary under the constraints of the IMF programme will pass through supply chains, inflating input costs, compressing margins, and ultimately dampening output.The hike also aims to mobilise revenue after the administration mis…
New Delhi, March 10 (IANS) The Middle East tensions and supply chain disruptions are posing challenges to India’s exports of perishable products such as agricultural produce, dairy items and fruits, industry said on Tuesday.Rising logistics costs and disruptions in key maritime trade routes are creating difficulties for exporters, particularly those dealing with time-sensitive commodities.Vijay Kalantri, Chairman of World Trade Center Mumbai and President of the All India Association of Indust…
New Delhi, Feb 1 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the Union Budget 2026–27, describing it as inclusive and growth-oriented, with a strong focus on trade, industry, exports and ease of doing business.Speaking to IANS, CAIT Secretary General and BJP MP Praveen Khandelwal said, “Under the leadership and guidance of Prime Minister Narendra Modi, the budget presented by Finance Minister Nirmala Sitharaman can be summarised in two words: inclusive and decisiv…
New Delhi, Jan 14 (IANS) Indian Railways is rapidly transforming freight transportation in the country, setting new benchmarks in speed, efficiency and reliability through its Dedicated Freight Corridor network, Ministry of Railways said on Wednesday. The modern freight system is helping move goods faster and at lower costs, while also easing pressure on traditional railway lines used by passenger trains.In a major achievement, the Dedicated Freight Corridor Corporation of India Limited (DFCCIL)…