Rail freight tariff hike will have cascading effect: Jayalalithaa

September 29, 2013 01:49 pm | Updated June 02, 2016 04:07 pm IST - CHENNAI:

Condemning the railway freight tariff increase, Chief Minister Jayalalithaa on Saturday demanded a roll back as the increase would have a cascading impact on the prices of essential commodities.

Describing the Centre’s decision as adding fuel to fire, Ms. Jayalalithaa said the increase had come at a time when frequent hikes in petroleum product prices were fuelling inflation.

The upward revision in the freight tariff would only accelerate inflation, affect the country’s economy and add to the burden of the people.

In a statement, the Chief Minister said besides the prices of essential commodities the tariff increase would also make key inputs for industries – cement, coal and iron – expensive.

A rise in the construction material cost would translate into more financial burden for those building houses.

The price of food products was witnessing a continuous increase.

Ms. Jayalalithaa also criticised the dynamic pricing policy of the Centre, as part of which the tariff was determined based on the ‘busy’ and ‘lean’ season.

Such a classification was not justified as all months were alike so far as railway freight was concerned.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.