Scheduled Commercial Banks can also become sponsors of PFs (See 'Corp Brief') MNRE assures full support to IREDA in its growth journey (See 'Corp Brief') IBC - Non- stamping or insufficient stamping of one of documents relied upon by creditor does not impede initiation of insolvency resolution process, which differs from enforcement action: NCLT (See 'Legal Desk') MoD records significant progress in implementing wide-ranging reforms (See 'Corp Brief') Lower CNG, PNG Prices to ease household and transport fuel costs: Govt (See 'Corp Brief') IBC - Penalty can be levied if lapses demonstrated non-compliance with statutory and regulatory obligations incumbent on IP, undermining interests of stakeholders and integrity of insolvency process: IBBI (See 'Legal Desk') DFS successfully concludes nationwide campaign - Your Money, Your Right (See 'Corp Brief') Chouhan on a three-day visit to Maharashtra (See 'Corp Brief') DoP & SIDBI sign MoU for Contact Point Verification of Informal Micro Enterprises (See 'Corp Brief') Competition Law - Practice of tying the sale of urea with other fertilizer products amounts to agreement that causes or is likely to cause an appreciable adverse effect on competition in India, thereby contravening Sec 3 of Competition Act: CCI (See 'Legal Desk') NICDC Logistics Data Services completes 10 Years of Operations in Logistics Data and Digital Systems (See 'Corp Brief') PM to inaugurate exposition of sacred Piprahwa Relics on 3rd Jan, 2026 (See 'Corp Brief') WAVES Bazaar, One Stop Portal for Showcasing India's Creative Talents (See 'Corp Brief') Competition Law - Control over DCE compatibility & restrictive contractual conditions could effectively make exhibitors/producers captive customers of specific post-production processors, harming competition: CCI (See 'Legal Desk') We will be able to run Vande Bharat train through Mangaluru route: Vaishnaw (See 'Corp Brief') President of India to confer AI Certificates (See 'Corp Brief') Negotiable Instruments Act, 1881 - Summoning order quashed where complaint lacks specific averments regarding petitioner's direct involvement in issuance of dishonored cheques: HC (See 'Legal Desk') DFS Secy highlights key initiatives for deepening digitisation of tribunals (See 'Corp Brief') Framework for professionalized Sports Governance being constructed (See 'Corp Brief') Negotiable Instruments Act, 1881 - merely being Director in company is per se not enough to establish vicarious liability under Section 141 of the Act, without clear allegations of role in company's affairs: HC (See 'Legal Desk') NHAI signs MoU with National Test House to Strengthen Quality Assurance in Highway Projects (See 'Corp Brief') PMLA - Fact that property is retransferred to the beneficial owner after completion of purpose for which it was given to benamidar, provisions of PBPT Act are attracted and it does not exonerate any party to benami transaction: SAFEMA (See 'Legal Desk') DoT extends Pro-Tem Security Certification Scheme for two years from 01-01-2026 (See 'Corp Brief') PMLA - Even if predicate offences were not directly linked to appellants, ingredients of money laundering under PMLA could still apply as per settled legal precedent: SAFEMA Tribunal (See 'Legal Desk') PMLA - Attachments of even bank balances can be sustained if enforcement agency satisfies statutory scheme and evidentiary requirements: SAFEMA Tribunal (See 'Legal Desk') Joshi releases Indian Standard for Electric Agricultural Tractor (See 'Corp Brief') IPR - Generic or commonly descriptive word can never become trade marks on their own as they never acquire distinctiveness or a secondary meaning: HC (See 'Legal Desk') NTH signs MoU with DRDO's DMSRDE for research, testing and training collaboration (See 'Corp Brief') IPR - Kohinoor's trademark registrations in Delhi and marketing agreement executed between parties in Delhi were sufficient to vest territorial jurisdiction in Court: HC (See 'Legal Desk')

Railways records best ever July monthly freight loading of 122.14 MT

Published: Aug 03, 2022

By TIOLCorplaws News Service

NEW DELHI, AUG 03, 2022: INDIAN Railways (IR) has recorded best ever July Monthly freight loading of 122.14 MT in July'22. The incremental loading in the month of July has been 9.3 MT i.e. a growth of 8.25 % over  the previous best July figures achieved in 2021. With this, Indian Railways has had 23 straight months of best ever monthly freight loading.

IR has achieved an incremental loading of 11.54 MT in Coal, followed by 1.22 MT in Balance other goods, 0.56 MT each in Cement & Clinker and Containers and 0.47 MT in POL.

Increase in automobile loading has been another highlight of Freight Business in FY 2022- 23 and 1698 rakes have been loaded in FY 2022-23 till July as compared to 994 rakes during the same period of last year i.e. a growth of 71%.

The cumulative freight loading from 1st April'2022 to 31st July'2022 has been 501.53 MT as against 452.13 MT achieved in 2021-22 i.e. an incremental loading of 49.40 MT, with a growth of 10.92 % over same period last year.

The freight NTKMs (Net tonne kilometers) have increased from 63.3 Billion in July '21 to 75 Billion in July'22 registering a growth of 18.38 %. The cumulative NTKMs in the first four months have also grown by 19.46 %.

The sustained efforts of Indian Railways to increase supply of Coal to Power houses, in close coordination with Ministry of Power and Coal, have been one of the key features of the freight performance in the month of July. The loading of Coal (both domestic and imported) to Power Houses has increased by 13.2 MT in July with 47.98 MT Coal being moved to Power houses as against 34.74 MT last year, i.e. a growth of 38%. Cumulatively, in the first four months of the year, IR has loaded more than 47.95 MT extra coal to Power Houses as compared to same period of last year, with a growth of more than 32%.

The commodity wise growth number show that IR has achieved impressive growth in almost all commodity segments with the following growth rates:

Commodity

Variation (MT)

% variation

Coal

11.54

23.45

Cement and Clinker

0.56

5.10

POL

0.47

12.90

Containers

0.56

9.30

Balance Other Goods

1.22

13.25

TIOL CORP SEARCH

TIOL GROUP WEBSITES