In May this year, the Indian Railways (IR) reported incremental earnings of Rs 773 crore over the same month last year, by loading more freight. If one were to take both April and May into account, incremental freight earnings stood at Rs 1,808 crore or an average of about Rs 30 crore more each day of this fiscal compared to the same period last fiscal. The freight story of IR is taking a turn for the better and if the incremental earnings continue at this rate, the transporter may have one less reason for worry over its messy finances. Though similar optimism is missing in passenger earnings, which have dipped in the last two months by almost Rs 35 crore compared to the same period last year, the happy freight story is certainly something to cheer about.
Incremental freight loading month on month is crucial for the Railways in bridging the usual gap between earnings targets, which it sets out in the beginning of the fiscal year, and actual earnings. These incremental freight earnings will also help the Railways keep a check on the operating ratio. Specially, since this is an election year and there is little chance of the government agreeing to any passenger fare hikes. Read More
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