Ten out of the 17 railway zones including Kolkata Metro are bleeding with operating losses. While the budget has estimated the operating ratio to be 98.2% by March end, railways internal report paints a grim picture of how the operating ratio was 110.8% at the end of December.
In an official communication dated December 20, the Northern Railway had also informed its officers of how the operating ratio of the zone was 150.4% up to November end. It had asked all divisions to “take necessary steps” to control ordinary working expenses for improvement of operating ratio. The revised estimate for Northern Railway is 116%.
Sources said the ministry has a tough task to meet the revised estimate target of all railway zones. Operating ratio of an entity is calculated by dividing operating expenses by net sales or revenue. This is an in Read More
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