Two New Liberalized Policies Launched by the Railway Ministry [ Current Affairs ]

()

Two new policies related to Parcel Cargo Train Express and Parcel Leasing has been launched by the Union Railway Minister Suresh Prabhu and they are Liberalised Comprehensive Parcel Leasing Policy (CPLP) and Liberalised policy on Parcel Cargo Express Trains (PCET).

  • As part of 2016 - 17 Rail Budget announcements these policies were launched to make the policies connected to Parcel Leasing and Parcel Cargo Express more liberalized and customer friendly.

Key Facts

1. Liberalized Comprehensive Parcel Leasing Policy (CPLP):

  • The duration of parcel leasing scheme has been improved to 5 years from 3 years under this.
  • The main aim of it is to protect parcel from budgetary hike by providing certain leased rates with fixed growth at 10 per cent from 4th year.
  • It also opts for truthful valuation of proposals and delegates powers to Zonal railways to fix the replacement price downwardly.

2. Liberalised policy on Parcel Cargo Express Trains (PCET):

  • Duration of contract has been improved to 6 years from 3 years under this.
  • It aims to protect PCET from budgetary hike it provides for assured leased rates with fixed escalation at 10 % from fourth year.
  • It also selected for realistic assessment of bids.
  • The minimum configuration of PCET has been compact to 15 vans for first 6 months of the contract period to provide time to the leaseholder in the initial stage to develop business.

In addition, Railway Minister also flagged off an opening time-tabled container train named ‘Cargo Express’ between Domestic Container Terminal (Okhla) and Whitefield (Bengaluru).

And they also launched an integrated social media platform (Facebook and Twitter) for redressal of grievances of railway passengers.

- Published on: June 20, 2016