A decline in non-traditional revenues accounted for over a fifth of the total shortfall of Rs 2,322 crore in gross traffic receipts of Indian Railways in the current financial year.
According to the revised budget estimates, Indian Railways recorded non-traditional revenues of Rs 6,450 crore as against the budget target of Rs 6,963 crore. Gross traffic receipts during the year decreased to Rs 103,917 crore as against the initial estimate of Rs 106,239 crore.
While earnings from other coaching services decreased by 5.3 per cent over the budget estimates to Rs 2,750 crore in 2011-12, sundry earnings (revenues earned from development of railway land) fell 8.9 per cent to Rs 3,700 crore.
| WHERE’S THE MONEY? | ||||
| Actuals 2010-11 | BE 2011-12 | RE 2011-12 | BE 2012-13 | |
| Other coaching earnings | 2,596.30 | 2,903 | 2,750 | 2,994 |
| Sundry earnings | 3,530.34 | 4,060 | 3,700 | 4,096 |
| In Rs crore BE: Budget Estimate; RE: Revised Estimate | ||||
Earnings from coaching and sundry services, however, increased by 5.9 per cent and 4.8 per cent, respectively as compared to the revenues recorded in the previous financial year. In 2012-13, the Ministry of Railways has projected earnings from other coaching to grow by 8.9 per cent to Rs 2,994 crore. Sundry earnings are expected to rise by 10.7 per cent to Rs 4096 crore.
However, with non-traditional revenues set to grow at a slower pace as compared to the 27 per cent growth projected for overall traffic receipts of IR in FY13, their share in railway revenues will come down to five per cent in the coming financial year from the current six per cent.