Tuesday, May 5, 2015

RailWay earnings jump 12%, mere 4% rise in freight revenue

The total revenue earnings of Indian Railways rose by 12.16% during 2014-15 to Rs 157,880.50 crore.

The Railways also managed to improve efficiency by recording 91.8 operating ratio during 2014-15. The ratio reflects railway spending over its expenditure. It has improved from 93.6 during 2013-14.

The national transporter is considered a barometer of the Indian economic growth even though there is no direct correlation to in terms of GDP.

The Central Statistical Organisation estimates the economy to grow 7.4% during 2014-15. 

The Railways carried 1097.57 million tonne of revenue earning freight traffic last year, an increase of 44.02 million tonne or mere 4.18%, indicating the stressed capacity of the network.

The improvement in income has helped the Railways to improve its fund balances to Rs 6,307 crore in 2014-15 from Rs 5,220 crore.

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