1. Indian Railways’ passenger earnings fall by nearly 10 per cent

Indian Railways’ passenger earnings fall by nearly 10 per cent

The passenger earnings of the Indian Railway for first quarter of 2016-17 (upto June-16) is is 9.97 per cent less than the Budget proportion of Rs 12,845.41 crore...

By: | New Delhi | Published: August 3, 2016 5:41 PM
Indian Railways carry out certain transport activities which are uneconomic in nature but conducted in the larger interest of the society. (Reuters) Indian Railways carry out certain transport activities which are uneconomic in nature but conducted in the larger interest of the society. (Reuters)

The passenger earnings of the Indian Railway for first quarter of 2016-17 (upto June-16) is is 9.97 per cent less than the Budget proportion of Rs 12,845.41 crore during the said period at Rs 11,629.31 crore, Lok Sabha was told today.

The financial effect of social service obligation on railways for the fiscal 2015-16 is Rs 24,938.57 crore, Minister of State for Railways Rajen Gohain said in a written reply.

He said the earnings of passenger segment of railways for 2015-16 is Rs 44,283.26 crore.

Indian Railways carry out certain transport activities which are uneconomic in nature but conducted in the larger interest of the society.

Commodities like fruit and vegetables, bamboos, paper, sugarcane, manufactured cotton, charcoal, brick tiles and firewood among others were transported by railways at “below cost operation” as social service obligation.

Losses incurred on such services, staff welfare and law and order costs, are assessed every year and termed as social service obligation of railways, Gohain added.

  1. P
    PRABHU
    Aug 4, 2016 at 3:26 am
    YEAH THIS FALL IN REVEUE WAS EXPECTED, SINCE RAILWAYS ALLOWS UNRESERVED PENGERS TO BOARD IN RESERVED COACHES AND TTEs ALSO NOT TAKING ANY ACTION. THEN HOW WOULD REVENUE INCREASE FOR RAILWAYS - ONLY RAILWAY MINISTER KNOWS ABOUT METHODS FOR INCREASED REVENUE - DAY DREAMERS.AND FINALLY THE EASIEST WAY TO INCREASE REVENUE - INCREASE FARES FOR BOTH PENGERS AND GOODS
    Reply
    1. s
      suriya.moorthy
      Aug 3, 2016 at 4:32 pm
      Fall, in spite of all-round increase on the burden on common man. From platform ticket to various increases in fares (A/C esp.) etc by subterfuge.
      Reply

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