The economic survey-volume two tabled in Parliament on Friday has suggested that Indian Railways should explore the non-fare revenue sources for growth.
The survey has recommended that the national transporter should focus on station redevelopment and commercially exploiting vacant buildings at the station, monetizing land along tracks by leasing out to promote horticulture and tree plantation, and through advertisement and parcel earnings.
The survey has applauded railways for introducing dynamic pricing model which is aimed at enhancing higher passenger revenue without compromising on the passenger volume.
The survey has also pointed out that during 2016-17, freight earnings at Rs 1, 04,339 crore, registered a negative growth of 4.5% over 2015-16. However, passenger earnings grew at registered an increase of 4.5% during 2016-17 leading revenue of Rs 46,280 from the sector. Read more
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