Rising fuel prices in the country have not just hit the common man hard but its ramifications are being felt elsewhere as well. The Indian Railways is feeling a painful pinch as diesel prices soar to astronomical levels and its budget and operating ratio could take a profound hit if the price hikes follow the ongoing trajectory.
Sources have revealed to Zee News that the current spike in diesel prices have been wrecking havoc with the budget of Railways for well over a month now.
It is also being speculated that if prices continue to rise, infra projects could become the next victim with Railways having to re-appropriate funds towards meeting its operational cost ratio needs. Operational cost ratio, in simple terms, refers to how much money is spent to earn Re 1. Read More