Railways Minister Suresh Prabhu is putting in place a short-term plan to increase rail revenue to Rs 2 lakh crore in next two years.
The target looks like a tall order given that currently railways has an annual revenue of Rs 1.7 lakh crore and growth in passenger and freight segments have been tepid.
However, the rail board and the minister are hopeful that it could be achieved by detailed planning and a more focused market approach. If achieved, the increased revenue will bring down the railway operation ratio to healthier levels of 90-91%. Read More…
Credit By : The Economics Times
Latest posts by The Economic Times (see all)
- After Russia, US hints at oil for India on concessional terms - September 18, 2019
- Power distribution sector needs drastic reforms: Power secy - September 18, 2019
- APTEL allows Adani Power arm to charge higher coal cost from Raj discoms - September 18, 2019