Jun 27, 2021 05:47 PM IST
The improvement in the running costs of the Railways means the national transporter was able to lower its expenditure and make up for the shortfall in passenger traffic through revenue generated by freight operations.
- Feb 01, 2021 08:56 PM IST
The year saw a 29 percent increase in capital expenditure compared to the Budget estimate of Rs Rs 161,042 crore.
- Sep 18, 2018 08:36 AM IST
The government’s decision to fill 90,000 vacancies — which is being touted as the largest recruitment drive in the world — in the railway is retrogressive and it will further impact the Indian Railways’ financial health
- Apr 05, 2017 10:58 AM IST
Indian Railways clock record high revenue in FY17 but is yet to improve the operating ratio, reports the Economic Times today.
- Jul 01, 2016 06:02 PM IST
The implementation of 7th Pay commission recommendations will lead to an additional burden of Rs 31,000 crore on railways and it would try to meet the requirement through own means, a top official said on July 1
- Feb 25, 2016 03:26 PM IST
Railway minister Suresh Prabhu listed his government's achievements and also set targets for FY17
- Feb 25, 2016 01:30 PM IST
The Railways has set gross revenue target for FY17 at Rs 1.85 lakh crore, up 10 percent year-on-year (YoY). Of this, freight revenue is likely to be Rs 1.18 lakh crore, while the passenger revenue target is Rs 51012 crore, up 12.4 percent
- Feb 25, 2016 12:05 PM IST
Claiming these are challenging times due to the 7th Pay Commission, Prabhu said he is expecting an operating ratio of 92 percent for year 2016-17
- Feb 26, 2015 03:15 PM IST
Suresh Prabhu is targeting an operating ratio of 88.5 percent for the coming fiscal, led by a 16.7 percent growth in passenger earnings to Rs 50,175 crore and freight revenues of Rs 1,21,423 crore. Gross traffic receipts is budgeted at Rs 1.83 lakh crore, a growth of 15 percent.
- Feb 26, 2015 01:57 PM IST
Railway Minister Suresh Prabhu's Budget had plenty of ideas on ways to improve the four Cs: cleanliness, capacity, comfort and even catering. But it missed out on one important C: capital.