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During the next financial year, production will be stepped up to 80 per cent of its capacity after which it will be increased to 100 per cent, he added.

According to senior officials, the Railways is expected to fall short of the 1,195 million tonnes (MT) of freight target fixed for 2015-16 by 75-80 MT.

Oil prices have fallen by around 70 per cent since mid-2014 bringing relief to the middle class and easing the current account deficit.





