TRAI releases Consultation Paper on 'Proliferation of Public Wi-Fi Networks in India' (See 'Corp Brief') DoP and DTDC sign MoU to strengthen Logistics and E-Commerce in India (See 'Corp Brief') Trade Mark - Defendants' conduct of running a coordinated fraudulent recruitment scheme, impersonating the plaintiffs & extracting money from each candidate, is deliberate exploitation of plaintiffs' goodwill & causes reputational harm: HC (See 'Legal Desk') PDUNASS-Gujarat NLU launch Programme on Labour Law and Social Security Compliance (See 'Corp Brief') Shivraj to launch PMGSY-IV Batch-II in Srinagar (See 'Corp Brief') India emphasises Inclusive and Ecosystem Based Governance of Small Scale Fisheries (See 'Corp Brief') SAFEMA - Certain transaction falls within ambit of benami transaction where appellants failed to produce supporting material, despite opportunity, to establish legitimate source of funds either in hands of lender or alleged contributors: SAFEMA TRIBUNAL (See 'Legal Desk') Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (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