Hudco will also provide consultancy services to ULBs, which want to build urban extensions of their cities. The scheme has been christened as Hudco Nav Nagar Yojana. "It's an integrated solution from planning to financing for new township and layout development. The period of loan will be between 15 and 20 years and the rate of interest would also be nominal,” Hudco CMD VP Baligar said.

Rlys’ freight loading sees jump in Q1

New Delhi, July 9: Indian Railways' freight loading, which has been below targets in the last two years, has seen a jump in the first quarter of this fiscal. In the first quarter of 2013, the railways carried 256.79 million tonne of revenue-earning freight traffic. The freight carried shows an increase of 11.98 million tonne over the freight traffic of 244.81 million tonne in the corresponding period last year, an increase of 4.89%.

During the month of June, the revenue-earning freight traffic carried by the railways was 84.95 million tonne. The main reasons behind the jump are the 5% increase in freight charges and the hike in passenger tariff implemented in January. The railways hopes to end 2013-14 with balance of Rs 12,506 crore.