Volume Up But Earnings Down

New Delhi, Jan 30: | Updated: Jan 31 2004, 05:30am hrs
Although the volume of goods moved and the number of passengers who travelled on railways has gone up, the earnings of Indian Railways on both counts is expected to fall short of the budget estimates for 2003-04 by Rs 890 crore, as per the revised estimates presented to Lok Sabha by railway minister Nitish Kumar on Friday.

Gross traffic receipt for the current year is expected to be Rs 42,605 crore against budget estimate of Rs 43,495 crore. Gross receipt in the interim budget for the next fiscal has been pegged at Rs 44,482 crore.

Earnings from goods traffic as per the revised estimate for 2003-04, is likely to be Rs 27,115 crore against the budget estimate of Rs 27,815 crore. As far as earnings from passenger fair is concerned, the likely revenue will be Rs 13,460 crore as against the budget estimate of Rs 13,620 crore.

For the next year, the Railways is hopeful of earning Rs 14,200 crore from passenger and Rs 28,100 crore from movement of goods.It is, however, expecting to exceed the target for movement of goods in volume.