New Delhi: Movement of people as well as goods by rail between India and Pakistan has come down drastically in the first three months of this year.
Data shows that movement of goods from India has almost come to a standstill with the number of indents or orders placed for wagons having dropped to around seven a month since January from 1,200 last year.
According to a railways official, the movement of cement from Pakistan has also dropped from around 60,000 tonnes per month to 16,000 per month since January this year. The only commodity moving from India to Pakistan is deoiled cake which is used by the cattlefeed industry, this officer said.
“The number of passengers traveling to either country too has been reduced to around half since January, compared with last year when around 5,000 people used to travel either way per month by the Samjhauta Express,” said this official who did not wish to be identified. The number of people traveling by Thar Express, the other train connecting India and Pakistan too has been reduced by 50%.
Relief to Usha Martin as EU ends steel rope duty
Brussels: The EU scrapped a 23.8% tariff on steel ropes made by India’s Usha Martin Ltd, helping the company’s exports and exposing EU producers including ArcelorMittal to more competition. The EU lowered the duty to zero after concluding that Usha Martin stopped below-cost—or dumped— shipments of steel wire ropes to the 27-nation bloc. The changes are of a lasting nature, the EU said in a decision published on Wednesday in the Official Journal. Indian exporters of steel ropes and cables face anti-dumping duties of up to 30.8%.