With only a few days left for the Union Budget 2022, the flood of suggestions to Finance Minister Nirmala Sitharaman can be seen from all sides, especially for the Railways, which is considered as the ‘lifeline of India’. The PHD Chamber of Commerce and Industry (PHDCCI) has recommended that the government consider setting up a railway line from Pandurangpuram, a neighborhood of Visakhapatnam in Andhra Pradesh to the temple town of Bhadrachalam in Telangana, to promote tourism.
It has also urged for reclassification of bauxite from class 160 to class 145 and alumina from class 180 to class 170 in the railway tariff framework for Budget 2022.
Re-classification of bauxite and reduction in freight cost will lead to additional freight movement and help generate additional revenue for Indian Railways.
In order to facilitate streamlined logistics operations and raw material supply chain, aluminum and its raw materials may be included in Category “D” to Category “C” of Railway Preferential Traffic Order.
PHDCCI has also appealed to the government to include coal and coke for concessional freight rates for short lead goods traffic which will boost railway revenue by increasing freight traffic and encourage road to rail transfer for short distances. Will do
It suggested a 20 per cent increase in concessional fares for distances exceeding 1,400-1,600 km for coal and coke, iron/steel and iron ore, 15 per cent concessional rates for coal, coke and aluminum metal and The raw material has been expanded for a distance of 1,000-1,400. km; 10% concessional rates for coal, coke and aluminum metals and raw materials of the aluminum industry for distances between 500 and 1,000 km; and 5 per cent concessional rate for coal, coke and aluminum metal and raw materials for 100-500 km.
According to the forecast of the Indian Brand Equity Foundation (IBEF), India will account for 40 per cent of the global share of rainfall activity by 2050. It further said that between April 2020 and June 2021, FDI inflows into railway-related components stood at $1.23 billion. ,
Sitharaman had announced an allocation of Rs 1.1 lakh crore for the Indian Railways last year to boost infrastructure.
The budget may also announce Hyderabad fuel based trains for clean transport in India. The ministry has set a target of zero carbon emissions by 2030. The ministry had said that over 1,000 railway stations get their energy requirements from solar panels.
read all breaking news, today’s fresh news And coronavirus news Here.
,