Don’t miss the latest developments in business and finance.

Shortfall in railway earnings in April-September

Image
Press Trust of India New Delhi
Last Updated : Dec 13 2013 | 3:31 PM IST
Railways have registered a shortfall in revenue to the tune of Rs 4121.49 crores during the first half of the current financial year from April to September, Rajya Sabha was told today.
Railways had earmarked Rs 68,139.30 cr as its earnings in the budget target upto September 2013 whereas its actual earnings were Rs 64,017.81 cr as a result the shortfall was Rs 4121.49 cr, Minister of State for Railways Adhir Ranjan Chowdhury said in a written reply in the House.
The shortfall has been contributed by both passenger and freight segments, he said.
In the passenger segment, the shortfall is primarily due to lesser number of originating passengers, reduction in advance ticket booking from 120 days to 60 days.
For the goods segment, while the loading target has been exceeded, the shortfall in earnings is due to restriction on mining activities in various parts of the country among others.
However, there is an increase of Rs 5936 cr in revenue during this period as compared to the corresponding period the previous year.

Also Read

First Published: Dec 13 2013 | 3:31 PM IST

Next Story