The Indian Railways is fighting on several fronts to tackle issues such as quality of service, freight loss and passenger amenities, among others, and the size of the institution makes it even harder to resolve all issues. However, Mohd Jamshed, member-traffic, Railway Board, told FE’s Saurabh Kumar in an interview that steps have been taken which have improved the functioning of the transporter.
How is the freight business of Indian Railways doing?
The freight business was impacted in April-October last year by the tepid growth in the core sectors serviced by the railways. We have initiated a number of steps to enhance freight traffic along with some capacity augmentation in the critical sections. These steps have fetched positive results, which are visible in the performance of the first quarter of 2017-18. We have achieved a loading of 281.23 mt during the period, which is 10.14 mt or 3.74% more than in the corresponding period of the last financial year. The freight earning for the first quarter has been Rs 27,284 crore, which is 7.46% more than in the corresponding period last year. Although there has been some setback in loading of coal due to the closure of the Dhanbad-Chandrapura railway lines on account of the Jharia fire, we are able to surpass the target for the quarter. Read More…
Credit By : The Financial Express
Latest posts by The Financial Express (see all)
- Diesel To Be Available Online? See What Indian Oil, HPCL, BPCL Are Planning – October 18, 2017
- IRCTC Gets Big Relief From Finance Ministry On Losses From Online Ticket Bookings – October 17, 2017
- Will Electric Cars Drive Oil Price To $10 Per Barrel? It May Crash Sooner Than You Think – October 16, 2017