Railways aims Rs 40,000 crore earnings by monetising soft assets


Railways aims Rs 40,000 crore earnings by monetising soft assets

The railways today spelt out a target of Rs 40,000 crore revenue from monetising its soft assets in the next 10 years.

In a two-pronged strategy, the railways aims to increase earnings through traditional as well as non-traditional sources, while at the same time reducing expenditure.

“Earlier the railways used to focus on traditional sources for revenue earnings, that is passenger fares and freight. Now, we have firmed up the non-fare revenue policy aiming to earn about Rs 40,000 crore in the next 10 years,” Railway Minister Suresh Prabhu said at an event here.  Read More…

Credit By: The Economic Times

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